Open ECX, a leading provider of Accounts Payable (AP) automation software has reported a 30% cumulative growth in 2023 relevant to the same period last year. The multi award-winning company, which works with major firms such as Grundfos, NG Bailey and Wolseley, has also grown its headcount by 41% this year, including several key hires within the management team, with Nathan Ollier appointed CEO and Charles Robinson joining as Chief Commercial Officer.
Nathan Ollier said: “We have big aspirations for Open ECX, as we look to build on our already strong heritage and reputation and enter new markets. Our commitment to investing in talent has seen our headcount grow over 40%, ensuring we have the strongest team possible to deliver our ambitious growth plans in 2024 and beyond. It also enables us to deliver a robust programme of innovation, identifying evolving market demands and trends, and developing technologies that meet those needs.”
Alongside Nathan and Charles, other recent hires across the marketing, development and implementation teams include Mark Howard as Account Director, Rob Henwood as Customer Success Manager and Sally Bryant-Haswell as Campaign Manager.
As part of its product innovation roadmap, and to diversify its offer, Open ECX has worked closely with customers to understand their AP and finance processes. As a result, it has recently developed and launched a new Statement Reconciliation solution to help meet increasing demand for technologies that deliver significant cost and time savings. 2024 will see this solution further enhanced, with new features providing greater data insights and reporting to the finance function.
Building on its strong heritage, Open ECX will be taking a robust vertical approach in 2024 and will be looking for growth in manufacturing, engineering, logistics, supply chain, utilities and renewable energy.
Nathan Ollier, CEO at Open ECX, concluded: “Whether in support of driving sustainable growth or controlling of costs in general, businesses are under pressure to drive efficiency in their operations. With a heavy reliance on high volume transactional processes, finance teams often carry the weight of that cost saving burden. We’ve developed our platform to help solve the challenge, with an exciting product roadmap which is striving to address more and more of the manual, inefficient and labour intensive processes of the finance function and beyond. Seamlessly integrated into the core of business ERP, Open ECX is well placed to transform processes, improve data accuracy and support revenue growth while protecting margins.
“It is this focus on the customer and solving their problems that is delivering our own continued growth. And as we look to expand and diversify the markets and sectors we can support, I’m confident 2024 will be both an exciting year of growth and our most successful year yet.”
Open ECX is a market leader in AP automation software. The firm’s proprietary technology offers businesses a way to automate their finance function, and integrate e-trading seamlessly into their existing ERP systems including SAP and Oracle.
