What are the benefits from connecting through Tradex?
Tradex provides secure and predictable invoice delivery. Your invoices are accessible in a format that can easily be
printed off by your customers which will mean fewer errors and delays in processing your invoices for payment. Tradex is
an e–trading connection that is used by organisations throughout the industry which means that
you can use it with your current customers.
Can I send invoices to large contractors who want to receive directly into their back office system?
Yes, providing the contractor is a full Tradex member or a member of the Hub Alliance
Are there commercial advantages?
Full Tradex members have a fully integrated service that allows them to send and receive documents directly from
their back office systems with no additional keying. Tradex has the largest market share of major construction
contractors for electronic document exchange. Tradex is also a member of the Hub Alliance so if your customer
is using another document exchange system, the chances are that you can still send them invoices from your Tradex connection.
Will this make a difference to when I get paid?
Many large contractors are now insisting on electronic invoices to cut their costs. Being a member of Tradex will
enable you to comply with these requirements and improve your chances of getting business. For your own company
there are stationery and postage savings to be had. Less delays will also mean that you get paid quicker.
Are there charges for doing this?
It will make a significant difference where your customer is a fully integrated Tradex member. Being able to receive your
invoices through Tradex will clearly help them to confirm details and process payments, and your credit controllers will
be able to see online that they have processed your invoice into their accounting system. Where your invoices go as pdf
documents to non-Tradex members the time saving compared to posting will also mean that you get paid more quickly.
Tradex has an automated reminder service that continues to remind your customers that an invoice is waiting for them to
retrieve and does not stop doing so until they access the invoice
Building Register clients get free access to the Tradex Active service. For higher volume businesses wanting to take
advantage of the fully integrated solutions, discounts are available for established Building Register clients. For
more information on Connecting, plus indicative Tradex membership fees view the
Connecting to Tradex datasheet.
I can´t produce electronic invoices?
Tradex Active is designed to support the low volume user who either does not have a computerized accounting system
or has a simple one that can’t export electronic invoices. All you need is a PC with access to the internet to use
Tradex Active. You just go online, sign in and key in your invoices. They are then sent electronically to your customers.
Will this work for my other customers and suppliers as well?
Your Tradex connection will provide you with the ability to exchange electronic trading documents with many other companies as well.