---
title: Innovative, Cloud-based AP Automation Software
description: Open ECX offers cloud-based solutions to the construction industry. Their eHub platform helps finance teams send and receive electronic payment easily.
image: https://monacosol.com/hubfs/Matthew-Jones-Case-Study.png
---

# Innovative, Cloud-based AP Automation Software

 29 Aug, 2023

[Software](https://monacosol.com/portfolio/tag/software) [Construction Software](https://monacosol.com/portfolio/tag/construction-software) [FinTech](https://monacosol.com/portfolio/tag/fintech)

![Open ECX Montage Image](https://monacosol.com/hs-fs/hubfs/Monacosol/Images/leftSingelImage.png?width=521&height=647&name=leftSingelImage.png)

### Streamlined B2B processes

Open ECX helps B2B businesses eliminate manual friction from their supply chain processes, connecting seamlessly with the systems their customer's trading partners already use.

Their application-agnostic platform is built to integrate without disruption, deliver a return on investment quickly, and avoid the upheaval of replacing what works.

Automated invoicing, ordering, and statement reconciliation solutions are all built for straightforward adoption, creating a more collaborative trading environment where efficiency gains flow in every direction.

### Building a Growth Engine

The team at Open ECX drew on their experience in finance and AP automation to design and build software that solved real-world issues.

The team had already secured several blue-chip clients, but they needed more investment to build the sales and marketing engine they needed to really grow.

Open ECX founder, Matthew Jones, commented, “we knew that we had built some really special software that our customers loved, we just needed extra investment and help to really accelerate the success we had achieved so far.”

“The team at Monaco Solutions not only provided the investment to expand our teams and offices, but they also gave us the expertise, advice and people to make it happen.”

### 360 Support

The MonacoSol team was able to provide Matthew and the senior management team at Open ECX, with expertise and practical help in the areas that felt they needed assistance.

With support from MonacoSol, Open ECX built a commercial engine to drive the sales and marketing of the platform in the market. Matthew continues, “our lead generation is now flying and we’re growing rapidly, despite the challenging climate of the Covid pandemic. Ollie and the team are helping us build a strategy for success and the commercial infrastructure that we need to support it.”

![Matthew Jones](https://monacosol.com/hs-fs/hubfs/Matthew-Jones-Case-Study.png?width=521&height=522&name=Matthew-Jones-Case-Study.png)

##### Open ECX founder, Matthew Jones

We knew that we had built some really special software that our customers loved, we just needed extra investment and help to really accelerate the success we had achieved so far."

"The team at Monaco Solutions not only provided the investment to expand our teams and offices, but they also supported us with the expertise, advice and people to make it happen."

"Our lead generation is now flying and we're growing rapidly, despite the challenging climate of the Covid pandemic. Ollie and the team are helping us build a strategy for success and the commercial infrastructure that we need to support it.

## Open ECX Stats

The investment from MonacoSol has helped to accelerate the growth of the Open ECX platform and business.

![Cumulative Growth Icon](https://monacosol.com/hs-fs/hubfs/Investment-Return-Icon.png?width=427&height=387&name=Investment-Return-Icon.png)

### 30%

#### Cumulative growth in 2023

![Awards Icon](https://monacosol.com/hs-fs/hubfs/Awards-Icon.png?width=378&height=481&name=Awards-Icon.png)

### 2022

#### Tech Company of the Year (National Technology Awards)

![Transactions Icon](https://monacosol.com/hs-fs/hubfs/Generated-Icon.png?width=427&height=330&name=Generated-Icon.png)

### £2.5b

#### Worth of transactions processed

![Platform Connections Icon](https://monacosol.com/hs-fs/hubfs/User-Platform-Growth-Chart.png?width=467&height=481&name=User-Platform-Growth-Chart.png)

### 7000+

#### Connections on the eHub platform

## Success stories

 13 Sep, 2023

#### [Streamlining Applications for Payment](https://monacosol.com/portfolio/webcontractor)

WebContractor is designed to help contractors manage and control the end-to-end application for payment and claim process with their subcontractors.

[Software, ](https://monacosol.com/portfolio/tag/software) [Exit, ](https://monacosol.com/portfolio/tag/exit) [Construction Software, ](https://monacosol.com/portfolio/tag/construction-software) [FinTech](https://monacosol.com/portfolio/tag/fintech)

[ View more ](https://monacosol.com/portfolio)

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