SBI Builders Announces Use of Textura-Construction Payment Management to Streamline the Payment Process
Poster: SySAdmin
Posted on October 16, 2012 at 12:07:01 PM
SBI Builders Announces Use of Textura-Construction Payment Management to Streamline the Payment Process
SBI utilizes Textura's CPM application to track preliminary notices through to final payment.
SAN JOSE, Calif. and CHICAGO, Oct. 16, 2012 /PRNewswire/ -- SBI Builders, Inc., a general contractor known for multi-family and affordable housing throughout California, is pleased to announce its adoption of Textura--Construction Payment Management (CPM) for all invoicing, lien waiver collection, compliance and payment. SBI is using CPM to optimize and automate the construction payment process.
(Logo: http://photos.prnewswire.com/prnh/20110602/CG12932LOGO)
James Amlicke, CEO and Chief Financial Officer, started with SBI four years ago after successful careers in financial services and as an entrepreneur launching three successful businesses. In financial services he served as Chief Technology Officer at Weiss, Peck and Greerand Robeco Investment Management with over $45 Billion under management. Amlicke said, "My first project experience at SBI Builders involved responding to a hard bid opportunity. The entire process was handled via fax and spreadsheet! I was shocked to learn how little automation and technology was available in this industry."
"With my technology background I knew the degree of automation that is possible," elaborated Amlicke. "I immediately began a process to build a solution to automate the invoicing and payment processes. Very soon afterwards I came across Textura's website and realized that they already had a thoughtful and robust solution. It was clear they had done more than just scratch the surface - and had developed an incredible solution. And furthermore - that no one else offered a similar solution. I immediately decided to adopt their solution for SBI."
Patrick Allin, Textura CEO and Founder, said, "We warmly welcome SBI as a client. With Jim Amlicke's background and experience he immediately saw the value of CPM's electronic invoicing and payment capabilities to automate SBI's processes and for the construction industry. As do many of our clients, SBI also uses CPM to track preliminary notices, enabling them to track from notice to final payment, automating the whole process."
Integration between Textura--CPM and SBI's accounting system, Sage / Timberline, was very important. It brings together all system components. Amlicke s said, "There are too many holes in the technology solutions available. Textura's focus on providing integration capabilities with other systems ensures a holistic solution with financial integrity that eliminates the need for subcontractor invoice data entry."
About SBI Builders
SBI Builders Inc. is a residential and commercial general contracting company with offices in San Jose, Monterey and Orange County California. SBI Builders has successfully operated throughout Northern and Southern California for the past seven years specializing in affordable and market-rate multi-family housing, single family luxury home building, commercial tenant improvements and residential rehabilitation projects.
SBI Builders opened its doors in 2005 amidst California's explosive single family residential community growth. SBI built a reputation for constructing high quality projects with a focus on rapid delivery, and competitive pricing. SBI Builders received the Golden Nugget for Classics at Miramonte a 58 unit luxury home project in Mountain View. Given that the predominance of SBI's staff had previous experience with larger scale projects, SBI was able to successfully transition from single family home building into multi-family and commercial projects as the market landscape changed. Over the past six years SBI has realized continued growth in the Central Coast, Bay Area and Southern California markets. SBI additionally completed an affordable housing project in Pagosa Springs Colorado. SBI received Builder of the Year for their work on Trevvett Court, a senior housing podium in downtown Carmel and received accolades on their 77 unit multi-family project in Redlands. SBI has over $110M in completed and active construction projects and has references from every client.
http://www.sbibuilders.com
About Textura
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle - from design and pre-qualification to bid management, submittals and payment - on a single, integrated platform.
Textura's collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. http://www.texturacorp.com
SOURCE Textura
Photo:http://photos.prnewswire.com/prnh/20110602/CG12932LOGO
http://photoarchive.ap.org/
Textura
CONTACT: Textura Corporation, 1-866-839-8872, customerservice@texturacorp.com
Web Site: http://www.texturacorp.com
SBI utilizes Textura's CPM application to track preliminary notices through to final payment.
SAN JOSE, Calif. and CHICAGO, Oct. 16, 2012 /PRNewswire/ -- SBI Builders, Inc., a general contractor known for multi-family and affordable housing throughout California, is pleased to announce its adoption of Textura--Construction Payment Management (CPM) for all invoicing, lien waiver collection, compliance and payment. SBI is using CPM to optimize and automate the construction payment process.
(Logo: http://photos.prnewswire.com/prnh/20110602/CG12932LOGO)
James Amlicke, CEO and Chief Financial Officer, started with SBI four years ago after successful careers in financial services and as an entrepreneur launching three successful businesses. In financial services he served as Chief Technology Officer at Weiss, Peck and Greerand Robeco Investment Management with over $45 Billion under management. Amlicke said, "My first project experience at SBI Builders involved responding to a hard bid opportunity. The entire process was handled via fax and spreadsheet! I was shocked to learn how little automation and technology was available in this industry."
"With my technology background I knew the degree of automation that is possible," elaborated Amlicke. "I immediately began a process to build a solution to automate the invoicing and payment processes. Very soon afterwards I came across Textura's website and realized that they already had a thoughtful and robust solution. It was clear they had done more than just scratch the surface - and had developed an incredible solution. And furthermore - that no one else offered a similar solution. I immediately decided to adopt their solution for SBI."
Patrick Allin, Textura CEO and Founder, said, "We warmly welcome SBI as a client. With Jim Amlicke's background and experience he immediately saw the value of CPM's electronic invoicing and payment capabilities to automate SBI's processes and for the construction industry. As do many of our clients, SBI also uses CPM to track preliminary notices, enabling them to track from notice to final payment, automating the whole process."
Integration between Textura--CPM and SBI's accounting system, Sage / Timberline, was very important. It brings together all system components. Amlicke s said, "There are too many holes in the technology solutions available. Textura's focus on providing integration capabilities with other systems ensures a holistic solution with financial integrity that eliminates the need for subcontractor invoice data entry."
About SBI Builders
SBI Builders Inc. is a residential and commercial general contracting company with offices in San Jose, Monterey and Orange County California. SBI Builders has successfully operated throughout Northern and Southern California for the past seven years specializing in affordable and market-rate multi-family housing, single family luxury home building, commercial tenant improvements and residential rehabilitation projects.
SBI Builders opened its doors in 2005 amidst California's explosive single family residential community growth. SBI built a reputation for constructing high quality projects with a focus on rapid delivery, and competitive pricing. SBI Builders received the Golden Nugget for Classics at Miramonte a 58 unit luxury home project in Mountain View. Given that the predominance of SBI's staff had previous experience with larger scale projects, SBI was able to successfully transition from single family home building into multi-family and commercial projects as the market landscape changed. Over the past six years SBI has realized continued growth in the Central Coast, Bay Area and Southern California markets. SBI additionally completed an affordable housing project in Pagosa Springs Colorado. SBI received Builder of the Year for their work on Trevvett Court, a senior housing podium in downtown Carmel and received accolades on their 77 unit multi-family project in Redlands. SBI has over $110M in completed and active construction projects and has references from every client.
http://www.sbibuilders.com
About Textura
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle - from design and pre-qualification to bid management, submittals and payment - on a single, integrated platform.
Textura's collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. http://www.texturacorp.com
SOURCE Textura
Photo:http://photos.prnewswire.com/prnh/20110602/CG12932LOGO
http://photoarchive.ap.org/
Textura
CONTACT: Textura Corporation, 1-866-839-8872, customerservice@texturacorp.com
Web Site: http://www.texturacorp.com