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Frequently asked questions about challenges for Construction Industry payments

by Steve | Apr 19, 2017 | Accounting

There is a lot of discussion in the industry relating to construction financial management and the construction payment process. Here, Open ECX try to answer some key questions… The UK construction industry is notoriously challenged by delayed and late B2B payments....

The new payment performance reporting legislation, an outline from Open ECX

by Steve | Apr 13, 2017 | Accounting

From 6th April 2017, the Government is making it compulsory for large businesses to report on their payment practices, policies and performance in an effort to achieve the following objectives: Increase transparency and public scrutiny of large businesses’ payment...

Osborne streamlines processes and strengthens subcontractor relationships through WebContractor

by Steve | Apr 3, 2017 | Accounting

Osborne has, as part of their commitment to industry best practice, moved to significantly strengthen supply chain relationships through the adoption of a quick and simple to use payment processing service. The leading construction, civil engineering and property...

The Postal Museum turns heirlooms into insight with Advanced

by Steve | Feb 28, 2017 | Accounting

The Postal Museum, public identity of the charitable Postal Heritage Trust, has turned to software and services provider, Advanced for a technology solution to gain tighter financial control of its operations.  The charity will launch a brand new heritage visitor...

Businesses reap benefits of accurate finances with invoice scanning automation

by Steve | Feb 17, 2017 | Accounting

The finances of any business is the glue that holds it together, ensuring that staff and bills can be paid while also leaving a profit for the company in question to maintain its continued success year upon year. For this reason, it is important for accounts...

Non-financial data identified as the missing link for CFO forecasting success

by Steve | Feb 6, 2017 | Accounting

A new survey reveals need for CFOs to become more connected across the business. According to the survey of nearly 1,000* senior finance professionals, non-financial data may be the game-changer for forecasting success. This finding was revealed as CFOs admitted that...
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