Improving Accuracy & Efficiency with e-Invoices

MP Moran’s paper mountain reduced to manageable mound thanks to E-invoicing system

MP MORAN HAS INCREASED EFFICIENCIES AND STRENGTHENED SUPPLIER RELATIONSHIPS THROUGH THE ADOPTION OF AN AUTOMATED E-INVOICING SYSTEM.

The builders’ and plumbers’ merchant, which stocks products from more than 2,000 suppliers across its seven

branches in the UK and Ireland, implemented the payments processing tool after growing tired of manually

processing mountains of paperwork.

Working with leading payments software experts Open ECX, an e-invoicing system that automatically

converts and validates PDF invoices received from suppliers and seamlessly integrates into MP Moran’s

Bistrack Accounts system, was implemented in December 2016 – at which time just 15 per cent of its

suppliers were using EDI (Electronic Data Interchange) to submit invoices.

Adoption of the new e-invoicing system by MP Moran’s suppliers has been rapid. By March, 60 per cent of all

supplier invoices were imported through EDI. The company hopes to reach an 80 per cent e-invoice rate in the

near future.

Chris Cates, Project Manager at MP Moran, said: “The e-invoicing system has helped us move into the 21st

century and increase our green credentials through the reduction in our use of paper, toner and posting. The

time-saving element has been greatly appreciated by our purchase ledger team. For them, the job is less

stressful and they now have more time to perform more valuable tasks now that they don’t have mountains of

paperwork to go through and post manually.”

Matthew Jones, CEO at Open ECX, added: “We’re pleased that our e-invoicing system has had such an

immediate impact for MP Moran. Our automated e-invoicing solution is simple and non-disruptive to supply

chains – acting as a time-saving middle man between purchasers and suppliers by automatically generating

and emailing PDF invoices.

“The benefits range from increased processing efficiency, visibility, transparency and controls and reduced

carbon footprint – as experienced by MP Moran.”

Simple e-Commerce for Construction

CONTACT:

Open ECX

Manor Court, Salesbury Hall Lane, Ribchester, Preston, PR3 3XR

T: +44 (0) 1254 915187 | E: enquiries@openecx.co.uk | W: www.openecx.co.uk

To find out more about MP Moran, please visit their website at: www.mpmoran.co.uk.

“Processes have significantly improved as there are substantially fewer posting errors owing

to automated invoice numbers, dates and sums. This has enabled our accountant to close

our monthly accounts a few days earlier than previously possible also predict cashflow more

effectively.

“There are also benefits for our suppliers. While our payments were always previously on

time, we have found that any queries are now coming to light more quickly and are much

easier to solve.”

Chris Cates, Project Manager at MP Moran