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Business software provider Open ECX has moved to bigger headquarters to support further expansion, as organic growth and deepening customer and partner relationships put it on track for a record year. 

The company has relocated from Bruntwood’s Blackfriars House in Manchester city centre to Cloister House at the property giant’s nearby Riverside complex in Salford. 

Its new HQ provides capacity to expand the team and features additional meeting spaces and breakout areas, creating opportunities to host more customers and events.  

Growth this year has put Open ECX on course to achieve record revenues of £4.6m for 2025, up from £3m last year. 

Open ECX, which is backed by private equity firm MonacoSol, is an award-winning provider of SaaS-based software that automates business transactions. 

Its technology helps businesses to streamline their financial processes, covering aspects such as invoicing, ordering and statement reconciliation. The software integrates with an array of leading ERP systems, including SAP, Oracle and Microsoft. 

The company has historically served the construction and building materials industries, but its global client base has expanded with a move into new sectors, including food and beverage, energy, healthcare and pharmaceuticals. 

Channel business growth has also fuelled progress this year, including a new strategic partner agreement with Chicago-based Cleo, which provides AI-driven supply chain orchestration solutions, creating new opportunities in the US market.  

Nathan Ollier, chief executive of Open ECX, said: “During recent years, we have laid the foundations to realise sustainable growth for the business, and our move to new headquarters is an exciting step on this journey. 

“A combination of hard work by our dedicated team to attract new customers and channel partners and to grow our existing accounts, alongside our investment in new software and products to further enhance our offering, means we are well-positioned for significant expansion in the UK and other territories. 

“The new office gives us plenty of scope to scale the company further. We had outgrown our previous base, and we have now increased our office space by 50 per cent, as well as improving the facilities for our team and customers to collaborate. 

 

The new office gives us plenty of scope to scale the company further. We had outgrown our previous base, and we have now increased our office space by 50 per cent, as well as improving the facilities for our team and customers to collaborate.
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“We’ve remained in a Bruntwood building with our move to Cloister House. This new, modern space puts us in an ideal position, being close to excellent transport links and near to Manchester city centre, which is increasingly vibrant for business and leisure.  

“It also enables us to clearly showcase the direction the business has taken over the past few years.”  

Nathan added: “By consistently improving our core solutions and working closely with our customers, we’ve successfully increased the services we provide to them. We have also gained new clients across the UK, Europe, the US and Australasia. 

“We have focused on innovation, with the introduction of statement reconciliation in 2024 and technological enhancements to create deeper analysis capabilities for our clients.

“Having also hired staff across across multiple departments, making internal promotions and offering role transitions to support career development and business agility, we are at an exciting stage of our evolution.  

“There is a significant opportunity to grow further, in sectors which are currently underserved by automation technologies and by solving further challenges for existing customers.” 

In addition to Open ECX, Manchester-headquartered MonacoSol’s portfolio includes early-career sales recruitment and training company Furza, cloud hosting, disaster recovery and cyber resilience technology company virtualDCS and recruitment vendor management platform Hiring Hub. 

There is a significant opportunity to grow further, in sectors which are currently underserved by automation technologies and by solving further challenges for existing customers.
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