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Farrans improve accuracy and scalability to support business growth with Open ECX’s Invoicing solution.
Farrans

farrans

Farrans Construction is a leading civil engineering and building contractor with over 80 years’ of experience delivering world-class projects across the UK and Ireland. They chose Open ECX to automate their invoicing and statement reconciliation process. 

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The Business:
Farrans

Farrans Construction is a leading civil engineering and building contractor with over 80 years’ experience of delivering world-class projects across the UK and Ireland. The company, which employs more than 650 people, has offices in London, Edinburgh, Leeds, Monaghan and Belfast with further site offices connecting its regional network. Farrans is a sister company of Tarmac and part of CRH plc, the world’s leading building materials business.

Through intelligent, high quality engineering and construction solutions, Farrans solves complex problems for its clients. The team specialises in seven core sectors – Commercial, Living Spaces, Public Sector, Transportation, Water, Marine and Energy. The company also offers a repurposing, refurbishment and interiors service through Fado.

Farrans is active on over 45 sites across the UK and Ireland this year, with contract values ranging from £5m to £300m. Making a positive difference to the communities in which they operate is a passion and they place social responsibility at the heart of every scheme.

The Requirements:
Accuracy and Scalability 

The business used traditional EDI to process a large number of their incoming supplier invoices, but using this technology, it was taking up to two weeks for their branches to process the transactions. SIG identified this as an issue, as it created problems with cash flow and forecasting, ultimately leading to payment delays to suppliers.

SIG also recognised that the complexity of their business through various acquisitions was not well suited for traditional EDI, as those subsidiaries had to be set up as separate entities, creating a level of cost and complexity.

In looking for a new solution, the business also required a seamless integration with its ERP system, Kerridge.

Since partnering with Open ECX, we’ve seen a reduction of 6 days in our payment processing time, despite no increase in staff numbers and an increase in the number of invoices processed.
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The Solution:
Invoicing 

Having reviewed other invoicing solutions, Farrans chose Open ECX as a trusted provider that integrates into their existing ERP.

Open ECX’s electronic invoicing software was the perfect solution for Farrans, making the process easier and allowing them to focus on other crucial aspects of their business. Last year, Farrans received 60,000 invoices, out of which 20,000 were processed electronically, saving them over 60 days of manual input from one person.

Open ECX integrates directly into Farrans’ ERP system, helping to streamline the invoicing process. With this automated Invoicing solution, information is readily available to other departments within the business, ensuring transparency throughout the process.

The Results and Improvements: 
Cost Effective Solution 

Automating invoices through Open ECX has delivered cost-effectiveness for Farrans, as even with an increasing volume of invoices, the company hasn’t needed to increase its workforce. Additionally, it has liberated employees’ time from manual tasks such as keying invoices and responding to supplier queries,  enabling them to concentrate on other aspects of the business.

Open ECX’s invoicing solution has also helped Farrans strengthen supplier relationships, ensuring payments are on time, without the need for them to raise queries.

“It now takes a single day to process transactions, which is really incredible for us considering we were previously waiting two weeks.”
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