Stakeholder - Open ECX


Innovative online portal for the end-to-end management and visibility of subcontractor applications for payment

 

Take control of subcontractor management and compliance

WebContractor is an innovative online portal for the end-to-end management and visibility of Applications For Payment. Subcontractors easily upload their applications into the portal where an automated work flow manages the processing, calculation, reconciliation, approval, payment and audit.

Key benefits include:

  • Increase corporate visibility of subcontractor payments
  • Integrate key dates and notifications to ensure Construction Act compliance
  • Increase subcontractor visibility of their payment application status
  • Reduce corporate risk from unknown or understated subcontractor costs
  • Address HMRC requirement for authenticated VAT receipts

The easiest way to send and receive e-invoices

Open ECX provides a supplier-friendly way to send and receive electronic invoices. Non-disruptive to your supply chain and simple to use – Open ECX guarantees high adoption rates. As most finance applications can automatically generate and email PDF invoices, suppliers are finding this approach an easy-to-use and low-cost way to automate, reduce costs and go paper-free. However, most receiving organisations still have to print the invoice in order to process it. Open ECX solves this problem for you. Invoices that are received via email are automatically converted into e-invoices, ready for processing.

How it works

  • Supplier sends a text PDF invoice to a buyer-specific email address
  • Our Cloud Invoice service detaches the invoice from the email and extracts all data from the PDF
  • Invoice-interpretation rules ‘make sense’ of the extracted data and convert the data into an e-invoice structure
  • Document and customer validation rules are applied and missing data can be derived (e.g. tax code, supplier ID)
  • The validated e-invoice data is delivered to the recipient (customer)

Contact Us

Open ECX   Tel: +44 (0)1254 915 187 E: [email protected]   W: https://openecx.co.uk/solutions/webcontractor/

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  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

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    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
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