NMBS and Electronic Trade

As 2011 draws to a close NMBS continue to lead the way with electronic trade solutions for both members and suppliers. We are now consistently receiving 92% of our electronic transactions via our EDI options, TRADACOMS, XML or Webforms. This equates to over 94,851 transactions received per month via electronic methods.

NMBS are continually working to increase this figure so that we eventually achieve our goal of 100% EDI transactions received.

However the work does not stop there, we are also offering solutions to our members to increase the volume of electronic transactions we send to them. The first solution is to send all EDI received transactions via XML to the member. This process allows the merchant to directly import all electronic transactions from NMBS into their back office system (providing it is setup to accept XML). It saves on processing the documents as the system should automatically do it for them and match them to purchase orders. The other solution is the Document Retrieval System, this sends out a daily email to members when they have invoices or credits to collect, within the email is a link which takes the user to all the outstanding invoices and credits that are on the Document Retrieval System. The user can then download all the documents (both electronically received documents and scanned paper documents) into one PDF, which they can either print or save to their PC. This system is secure and safe as it requires the user to logon before viewing the documentation, the documents are always available and can be downloaded as many times as required.

Both the above systems have contributed to NMBS trading over 57.22% of documents with members in an electronic format. For more information on the Document Retrieval System please click here or contact Sue Oliff on 0116 2614907 or email: sue.Oliff@nmbs.co.uk

For more information about trading electronically with NMBS, please click here or contact Sue Oliff on 0116 2614907 or email: sue.Oliff@nmbs.co.uk