Following the success of this year’s roundtable event co-hosted by Open ECX and Optal on 16th March at Mastercard’s Canary Wharf offices, we have published a White Paper titled ‘Construction Industry Payments – Challenges and Innovations’.
The White Paper explores a number of payment-related issues and challenges – and potential solutions – that were discussed by senior commercial and financial professionals from leading construction businesses, including Kier Group, Lakehouse Contracts, SISK Group and United Living.
In light of The Construction Act and the new ‘Duty to Report on Payment Practices and Performance’ legislation applicable to larger businesses, Construction contractors are turning their eye to WebContractor from Open ECX.
To understand why WebContractor is getting so much attention, it’s important to briefly explore the UK construction industry’s challenges around delayed and late payments. (more…)
Building on our blog, ‘A back-office take on the Construction Leadership Council’s ‘Modernise or Die’ recommendations’, we’ve created an eGuide featuring five modern construction software solutions that can help streamline your business processes from the back-office, saving you time, effort and spend across multiple departments while also tracking data more easily and allowing quick access to important information.
What’s in the eGuide?
Now is the time to prepare for the future: discover how to deploy efficiencies across your business, achieve a good reputation as a reliable, forward-thinking firm, and provide more certainty by:
Electronically exchanging documents with your supply chain
Improving visibility and control of your subcontractor applications and payments
Automating your credit control processes
Modernising the way you estimate and tender for jobs
Gaining a single version of the truth in a modern cloud ERP system