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NMBS

NMBS Improves Invoice Processing Efficiency and Reporting, and Reduces Costs with OpenText

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OpenText™ Freeway Enterprise 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.

ANDY HEXTALL, HEAD OF IT, NATIONAL MERCHANT BUYING SOCIETY LIMITED

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.