The construction industry is capable of incredible things, but companies in the sector often find themselves hamstrung by laborious administrative tasks.
In particular, the process of manually matching invoices remains time-consuming and is rife with areas of considerable inefficiency. Fortunately, there are now new methods available to businesses, which reduce these pressures.
By adopting an e-invoicing platform, such as Tradex, businesses within the construction sector are able to greatly improve performance within these areas. The reliable system can help business accounts teams to reduce the time and money spent on invoice-related tasks, whilst also helping to dramatically improve supply chain relationships.
By using Tradex, construction companies are able to improve first-time pass rates by automating validation in the Cloud with a single streamlined connectivity channel to their ERP. Unlike generic alternatives, the platform can also contend with the complexities associated with construction, such as domestic reverse charge and plant hire.
Delivering Savings whilst maintaining security and compliance
As a result, Tradex is able to deliver time, money and resource savings for businesses, whilst maintaining data security and ensuring compliance with HMRC requirements. In fact, by trading up to Tradex, businesses are able to improve first-time invoice pass rates up to 95 per cent. In turn, this accelerated invoice processing can speed up the transaction process by up to 30 days.
What’s more, the solution is backed by a genuine construction finance expert in Causeway. With over 20 years’ experience, the company has the skills to integrate any finance system on the construction market and can onboard its solution in a matter of weeks, not months. In turn, those in the sector can begin seeing a return on investment in an incredibly short timeframe.
Watch an Introduction to Tradex
So, if you’re looking to save time, money and resources, why not consider trading up to Tradex?