Reporting a host of new and repeat business wins, the company is now working with users including Taylor Woodrow, GMI Construction, McLaughlin & Harvey and Henry Boot Construction; with existing customers such as Readie and EH Smith and committing to new, long-term partnerships.
The company said 2020 was one of its most successful years since launching in 2012. Providing cloud-based solutions for the construction industry and supply chain businesses, Open ECX operates on a global scale, with a large international client base spanning across 21 countries.
The impressive wins come after a year of substantial growth – as Open ECX’s WebContractor, a product that allows for a simple end-to-end management process of payment applications, reported over 3,500 confirmed users. With £628m worth of applications approved in 2020, this is a 28% increase on the previous year. All three Open ECX solutions have processed more transactions than ever before, at higher values.
The Preston-based business has acquired an additional office in Manchester city centre where the commercial team will be based.
A driving force behind the company’s success is the team – which has also expanded over the last 12 months, with 10 new hires across the commercial and marketing structures.
Founder Matthew Jones commented: “Despite the current climate, it really has been a great year for us as a business. We’ve brought some great new clients on board and have seen the team grow drastically since the start of 2020. The growth we’ve enjoyed is testament to our brilliant products, and of course the talented team behind them.
“We’re really pleased with how the year has gone and are hoping for an even more successful 2021, as we continue to innovate the construction industry.”
Providing three next-generation platforms, Open ECX offers WebContractor, e-Invoicing and e-Ordering, each boasting huge time saving benefits for businesses within the construction industry. Experts in simple, scalable software that automates business transactions and connects companies with their supply chain partners, Open ECX boasts one of the fastest growing e-trading hubs within the sector.