It's a deal: Freeway sales director Paul Kaye (left) with NMBS managing director, Chris Hayward.
NMBS extends its EDI platform
Published: 10 July, 2009
GUILDFORD: THE National Merchant Buying Society is working with Freeway Commerce to transform the way it facilitates the exchange of order, invoice and credit note information between its members and their suppliers through the Spectrum Enterprise solution and Spectrum Trade Web Forms software.
The move will allow NMBS suppliers to enter their invoices and credits into a predefined template on the internet which is then forwarded to the group and its members, improving the integrity of data and the speed at which it is exchanged, according to NMBS managing director, Chris Hayward.
"In addition, buying groups in the builders' merchant sectors such as NBG, CBA and Cemco can also receive this information on EDI, allowing sales data to be better shared for the good of all parties involved," said Mr Hayward.
Spectrum Trade also facilitates purchase ordering. It can also allow them to automatically match invoices against orders saving hours of manual effort.
"The primary aim of NMBS is to enable our members to get the best possible deal from suppliers, and paper-based documentation has traditionally been a barrier to processing invoice information in a timely fashion," Mr Hayward explained.
"By adopting EDI, suppliers to our members can quickly send us their data.
"We are removing an element of complexity from the supply chain process, while improving the accuracy of data and the efficiency of the entire cycle – ultimately allowing members and suppliers to work smarter and improve revenue," he added.