Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The Colorado construction company centralizes its payments processes.
W.E. O’Neil Construction Co. of Colorado, a general contractor, has chosen Textura-CPM to provide web-based services and technology to centralize its payment management process.
Textura-CPM provides payment tools and services via the software-as-a-service, or SaaS, model and integrates all construction payment management processes, including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers and compliance management. SaaS lets companies access software via web browsers without having to run the application on their own web servers.
“Before we started using Textura-CPM, we were performing most of the payment management processes manually,” says Todd Guthrie, president, W.E. O’Neil Construction Co. of Colorado. “As the economy is starting to grow again, we needed to become more efficient, and Textura has helped us achieve that by automating processes and reducing the reliance on paper.”
The Textura-CPM technology has enabled W.E. O’Neil to centralize payment processes, “which overall has made us more efficient,” Guthrie says.
W.E. O’Neil Construction Co. is based in Chicago, with offices in Arizona, California and Colorado. All of its offices are currently using Textura-CPM.
More than 3,000 subcontractors and 35 general contractors are using Textura-CPM in Colorado, the provider says.
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