Open ECX has announced 2020 as one of its most successful years in business 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.
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 committing to new, long term partnerships.
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, has reported over 3,500 confirmed users. With £628 million worth of applications approved in 2020, this is a vast 28% increase on the previous year. All three Open ECX solutions have processed more transactions than ever before, at higher values.
The business has also recently acquired an additional, brand-new office space, located 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.
Reflecting on the fantastic year, 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.