As cloud-based construction payments continue to gain traction post-pandemic, McCarthy Building Cos. is standardizing its payments on the Oracle Textura Payment Management system for all its subcontractors. McCarthy chose Textura because of its ability to handle the company's large volume of payments and for its controls and management of lien waivers and compliance, says Ryan Moret, director of applications in the contractor's Dallas office.
"We had a lot of room for improvement where we were still doing paper checks," Moret says. "We had a custom ERP that we were tracking compliance items in and it had some pay application features in it. But there were a lot of processes that were being done on Excel."