Open ECX was called upon by NMBS, the most successful Buying Society in the UK for independent builders, plumbers, hardware and timber merchants, to help manage its current e-Invoicing processes. NMBS has over 600 suppliers and 280,000 invoices to process monthly; therefore the company needed an efficient solution to help make complex, time-consuming processes more automated.
The reasons behind the decision to choose Open ECX are explained by Andy Hextall, Commercial Director at NMBS: “We chose Open ECX as we were extremely impressed with its concepts. In order to save time and resources we needed to find a solution to guarantee performance efficiency and automation for the least amount of effort to our suppliers. This meant we had to get the maximum number of suppliers to make the change to e-Invoicing. This is where ECX’s unique PDF to XML service came in.”
“We were extremely satisfied with the speedy supplier on-boarding process. With Open ECX’s assistance, the number of EDI transactions has dramatically increased, seeing a positive decrease in the amount of manual transactions. Open ECX has essentially become an extension of our back office, helping us operate more efficiently. In total, 94% of our transactions are now electronic and hopefully this will increase in time,” Andy continued.
The business benefits brought by e-Invoicing include being time and cost-efficient, which expedites the payment process so payments can be made without complication and staff can focus on more strategic tasks, as well as minimizing costly paper waste and time-consuming manual invoicing. Moreover, Open ECX offers complete support and assurance during the eInvoicing on-boarding process, making the switch easy for both your business and your suppliers.
NMBS also utilized Open ECX’s e-Ordering solution, which allows the company to send orders directly to suppliers, creating a whole new opportunity by allowing members access to new and existing suppliers via EDI ordering, providing a more efficient service and increasing the NMBS network for the better.