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Open ECX Shortlisted for Red Rose Award

Last Updated by openecx-admin

Open ECX, the fastest growing e-trading hub in the construction industry, has been shortlisted for a Red Rose Award.

The growing business, based in Ribchester, has been named as a finalist in the Ecommerce Business category at the annual awards, which celebrate the successes of Lancashire’s business, commerce and industry.

Open ECX’s entry centred on the take-up of our new, innovative, cloud-based WebContractor solution, launched in June 2017. WebContractor enables major construction businesses to effectively manage their subcontractor relationships from the start through to the end of a project.

Matthew Jones, CEO of Open ECX, said: “We are delighted to have been shortlisted for a Red Rose Award. Last year we recorded unprecedented growth, thanks largely to the dedication of our team and the success of WebContractor, which has resonated with major construction companies based in the UK and across the globe.

“We look forward to the awards ceremony and meeting other growing businesses from across the region.”

The Red Rose Awards will be held at the Winter Gardens, Blackpool, on Thursday 8 March

Open ECX Joins Builders Merchants Federation

Last Updated by openecx-admin

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 recognise benefits of WebContractor

Last Updated by openecx-admin

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.


About Chandlers Building Supplies

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.


The Open ECX Newsletter – February 2016

Last Updated by Neal

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.


Pioneering e-Trading Hub Acquired in Adaptris ECX Management Buyout

Last Updated by Nikesh Mistry

In a landmark management buyout, the innovative 3rd Generation Trading Hub developed by software company, Adaptris ECX has been acquired by new company, OpenECX.

OpenECX is set to radicalise e-trading within the construction industry with their innovative 3rd generation cloud-based trading hub, eHub3.