NMBS
NMBS Improves Invoice Processing Efficiency and Reporting, and Reduces Costs with OpenText
OpenText™ Freeway Professional provides Electronic Data Interchange for large invoice volumes
Using OpenText, we’re now handling 92 percent of our invoices electronically through EDI, massively reducing the workload for manual data entry.
Challenge
- Drive for efficiency in invoice processing, to reduce data entry time, errors, and cost
- Growth in invoice volumes slow and expensive to handle manually
- Minimal data points entered from invoices limited reporting and analysis
Product(s)
Value
- Improved efficiency through automation, processing more invoices in less time, with fewer errors and lower costs
- Enabled growth not possible with paper invoice processing
- Increased number of data points facilitates better analysis and reporting
About NMBS
National Merchant Buying Society (NMBS) is the most successful trading platform and buying group in the United Kingdom for independent builders, plumbers, hardware, and timber merchants. Founded in 1963, its primary aim is to enable members to get the best possible deal from suppliers by offering the most cost effective route to the independent marketplace. In 2015, the total purchasing power of NMBS amounted to £1.4billion, serving more than 1,000 members, representing more than 3,000 branch locations.