Three events, two speakers, one connected community
2019, an exciting year of change and activity for Open ECX. With the appointment of a new CEO followed a triple event success across the UK, involving all aspects of the construction supply chain from contractors to suppliers to architects.
To start off the event trio, Open ECX ventured to Ireland to meet with suppliers and contractors, with a focus on how to digitalise and modernise businesses through eInvoicing and improved procurement processes. Open ECX explained how businesses can harness technology to efficiently manage procurement and received invoices beyond emailed PDFs. The technology is about streamlining the businesses transactions to meet the key business objectives, improving relationships across the supply chain and saving money with increased accuracy of data, all of which benefit every department in a company.
The second event was a roundtable session in London, joined by large contractors within the construction industry, all of whom use a certain ERP system and have a commercial and financial interest in managing their subcontractors and the application for payment process. Additionally, there was discussion to gauge industry views on the level of support contractors require in order to effectively respond to recent government challenges including Reverse Charges and Duty to Report.
Within the open forum, Open ECX discussed openly about any future financial and commercial challenges the contractors are likely to face in dealing with subcontractors and their payments and how Open ECX’s developments for WebContractor will allow subcontractor processes and cash flow management to be even more efficient and effective.
The third and final event of the quarter was our first Manchester networking session, focused on ‘building better relationships within the construction industry’. Partnering with AFL Architects, this informal gathering welcomed senior construction professionals. This event provided industry peers with a great opportunity to hear guest speakers from both Open ECX and AFL Architects, make new contacts and discuss how better relationships within the industry will be the recipe for success, both short term and long term.