DOWNLOAD ×
TALK TO A CONSULTANT ×
GET IN TOUCH ×

We may process your personal information for carefully considered and specific purposes which are in our interests and enable us to enhance the services we provide, but which we believe also benefit our prospects/customers. You can opt out of these communications at any time by using an unsubscribe link or by emailing enquiries@openecx.co.uk

Please see our privacy policy to learn more and to understand how we may use your personal data.

SUBCONTRACTOR REGISTRATION ×

At least one individual from your business needs to be set-up as the Subcontractor admin, if no role is provided, you will automatically be assigned as the admin.

For more information on WebContractor roles: Download our subcontractor user guide

We may process your personal information for carefully considered and specific purposes which are in our interests and enable us to enhance the services we provide, but which we believe also benefit our prospects/customers. You can opt out of these communications at any time by using an unsubscribe link or by emailing enquiries@openecx.co.uk

Please see our privacy policy to learn more and to understand how we may use your personal data.

Get In Touch Subcontractors +44 (0)1254 915 187

How can innovative technology bring an end to the global late payment epidemic?

eInvoicing is on the rise and rightly so – with a significant increase in business efficiencies and clear payment transactions across the supply chain, the software solution creates the opportunity to access a wide range of data analytics which will benefit numerous departments within a business.

Utilising digital technology in the construction sector

In the construction industry there are two critical areas within the business regarding late payments— vendor relationships and job progress. These defining factors are what Open ECX strives to overcome using intelligent payment automation making sure every business in the UK can leverage from everyday payments made.

It starts with eliminating paper checks, but it doesn’t end there. Many construction businesses have yet to transition into the intelligent automated payment process that enables the user to make every single payment with one interface and workflow speeding up processes, reducing human error and ultimately resulting in higher productivity, employee-employer relationship and credibility levels.

Positioning yourself for the future economy of late payments

The future looks bright for many in the construction sector as more business payments become automated and feed into the cloud.

According to The Federation of SMEs, the estimated late payments contribute to 50,000 insolvencies annually, costing the economy £2.5bn. Typically in the construction industry a long supply chain can hold up a large amount of payments— account payable departments have to match invoices against purchase orders and receipts, code this information and then record in it the businesses system. 

Digitalise for strong growth and credibility

Open ECX strongly believes a shift in the way payments are handled is needed. Adopting automated practices can provide a business with extensive saving in profits and a highly reduced expenditure.

eInvoicing is one of the safest and efficient ways to combat late payment and improve traceability and transparency. But most of all, this process allows for relationships to strengthen across the supply chain, resulting in a happier and healthier industry.

Be Better Connected
Join our Community
GET IN TOUCH