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What is TrakPro?

TrakPro is a specialized construction payment management platform designed specifically for main contractors and commercial teams in the UK and Ireland. Subcontractors have the ability to submit payment claims based on pre-defined bill of quantities, which are thoroughly assessed by quantity surveyors on an item-by-item basis, providing recommendations and certifying payments through flexible approval workflows. The system automatically generates payment certificates and pay less notices, while also managing retention, release processes, and handling variations, dayworks, and site materials, all supported by a detailed audit trail. Both main contractors and subcontractors access the same platform, allowing main contractors to gain real-time insights into committed costs and certified values for every project. The notifications and language used are in accordance with local legislation, ensuring compliance for UK projects under the Construction Act and for Irish projects governed by the Construction Contracts Act, with adherence to CIS regulations for UK payments. In addition, TrakPro easily integrates with a variety of construction ERP systems like COINS, Sage Intacct, and 4PS, further enhancing its capabilities and user experience. This all-encompassing approach not only streamlines payment management but also significantly improves communication and efficiency within the construction sector. Ultimately, TrakPro proves to be an essential resource for modern construction payment processes.

What is Oracle Textura Payment Management?

The process of handling progress claims, variations, and payments can be greatly streamlined, and Oracle Textura Payment Management offers a premier cloud-based solution that consolidates every aspect of this workflow into a cohesive and secure platform. By automating the payment processes for contractors and subcontractors alike, this system removes the burden of monotonous manual tasks, enabling you to focus more on improving your business outcomes. Those who utilize Oracle Textura benefit from enhanced applications, effective payment scheduling, oversight of compliance, and more efficient disbursement methods. This leads to better control, heightened efficiency, and reduced risks for all parties engaged in the project. With Oracle Textura, you obtain a holistic perspective of your digital workflows, which lessens the chance of human mistakes while ensuring compliance with Security of Payment regulations. Designed for today’s construction industry, it enables a smooth end-to-end payment process, offering complete transparency and easy access to reporting for all essential project stakeholders. Furthermore, Oracle Textura not only simplifies the management of payments but also equips businesses to excel in a highly competitive environment. By adopting this innovative platform, organizations can enhance collaboration and communication among team members, ultimately fostering a more productive project atmosphere.

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Integrations Supported

Integrations Supported

Siteline

API Availability

API Availability

Pricing Information

Subcontractors use TrakPro free. Pricing applies to main contractors only

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

TrakPro

Date Founded

2023

Company Location

Ireland

Company Website

trak-pro.com

Company Facts

Organization Name

Oracle

Date Founded

1977

Company Location

United States

Company Website

www.oracle.com

Categories and Features

Categories and Features

Payment Processing

ACH Check Transactions

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