Real-Time Integration - Payment Management Process Flow

Overview

Part 1: Subcontract/Change Order Details Sent to Textura

When a subcontract or change order is posted in CMiC Enterprise, it triggers the sending of the subcontract/change order to Textura to initiate its Construction Payment Management ™ solution.

Part 2: Textura Creates Online Task Tracker for Subcontract/Change Order

Textura uses the details of the received subcontract/change order to create an online tracker for the tasks (associated to cost codes) required to complete the subcontract/change order, which is used by subcontractors to report how much of each task was completed during each payment cycle for payment purposes. 

Part 3: Textura Makes Payment to Subcontractor Based on Online Task Tracker

At the end of each payment cycle, Textura and CMiC Enterprise clients do the following:

• Textura determines the payments to the subcontractor based on the work done for each task since the last payment cycle.

• Textura sends a batch of unposted vouchers (RFPs) for the payments to CMiC client; AP clerks review the batch and post it if everything is correct.

• Textura makes a direct deposit payment to the subcontractor based on the work done for each task since the last payment cycle, and sends CMiC client a batch of unposted checks (payments) for the payment; AP clerks review the batch and post it if everything is correct.