The Open ECX Newsletter – February 2016
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.
In this Edition:
Welcome from the CEO
Open ECX CEO, Matthew, give his brief overview of 2015 and his plans for the coming year.
Overview: The New Supply Chain Payment Process
In this edition of the Open ECX newsletter, we take a closer look at one of the most pressing issues facing businesses in the construction industry at the moment: the new payment process that contractors and subcontractors are now subject to as part of the amended UK Construction act.
The Government are looking to improve supply chain payments across the board and the amended Act brings in a number or mechanisms that financial and commercial directors need to aware of.
WebContractor – Subcontractor Management
Take control of subcontractor relationships with WebContractor from Open ECX. Effortlessly manage your subcontractor relationships, stay compliant with both the UK Construction Act and HMRC, while increasing visibility across the whole business.
The Industry’s Fastest Growing e-Trading Hub – Get’s Bigger
We’ve added some exciting new businesses to the eHub3 network over the lest few months, find out more about them.