Open ECX is proud to announce that we have joined more than 600 companies across the UK in becoming members of the Builders Merchant Federation (BMF).
The BMF is the active hub of merchant and supplier activity in the UK, working closely with allied industry groups and regulatory bodies such as trading standards and planning departments, to ensure that issues affecting member merchants and suppliers are tackled promptly and effectively. The BMF is an active lobbyist with local and central government in England, Scotland, Wales and Northern Ireland, and has an impressive track record of achievements.
Matthew Jones, CEO of Open ECX, said: “We made the decision to become members of the BMF as we are increasingly being asked to provide electronic trading solutions to UK merchants and their suppliers. “We’ve found that these businesses are often swamped with paperwork, processing mountains of invoices and purchase orders each and every week, are looking at ways to make efficiencies wherever possible. “By joining the BMF we will be able to better understand the wider issues merchants and their suppliers are facing and be able to tailor our solutions to overcome these challenges.”
Readie Construction, a £150M turnover business, which specialises in new and refurbishment industrial, retail and commercial projects, plan to use WebContractor to help support the continued growth of their business.
After attending the successful event that we hosted at Canary Wharf earlier in the year, Jessica McCarthy, the newly appointed Finance Director, and Lee Chalk, Head of Commercial, reviewed WebContractor, and quickly recognised that the system would help provide the transparency and control that is required to manage their projects effectively. Readie Construction has quickly established an enviable reputation in the industry, and they acknowledge that WebContractor will help in facilitating good relationships with their subcontractors, whilst providing the internal control they require, as they continue to grow. We look forward to working with them.
Osborne has, as part of their commitment to industry best practice, moved to significantly strengthen supply chain relationships through the adoption of a quick and simple to use payment processing service.
The leading construction, civil engineering and property services business will use the cloud-based WebContractor service to enable subcontractors to upload and submit applications for payment online, a move that will improve the speed, efficiency and transparency of payment processing.
17th January 2017, London. Open ECX, the fastest growing e-trading community in Construction, and global corporate payment solutions provider, Optal, have today announced a partnership that will introduce payment solutions specifically tailored to meet the needs of the construction industry. (more…)
Chandlers Building Supplies is a privately-owned, independent builders’ merchant with 13 branches across the South East of England. They stock over 20,000 individual product lines that cater for the needs of everything from major construction projects, right through to smaller scale refurbishments, available to customers by delivery or collection from a branch.
Payment Processes in the Amended Construction Act, Early Payment Programmes, eHub3 News and More
Welcome to the February edition of the Open ECX newsletter.
In this edition we look at one of the key issues impacting the construction industry at the moment – the supply chain payment process – as well as a round-up of Open ECX’s latest news including growth within our eHub3 P2P payment platform and fresh details on the soon to be released subcontractor management solution, WebContractor.
A leading construction products and equipment manufacturer and supplier, Hilti worked with construction e-commerce specialist Adaptris ECX to use its unique Email-to-Business (E2B) technology to encourage customers to switch from paper-based orders to email-based PDF orders that could be integrated and automatically processed by Hilti’s back office systems. The time taken to establish e-business arrangements was reduced by over 80%, at no cost to customers, while Hilti was able to make overhead savings on its administration of purchase orders and other processes.