Carillion believes that “businesses without visionary engagement, inspiring stories, responsible compliance or public trust are businesses without competitive futures.”
- (David Picton, Carillion Chief Sustainability Officer).
Picton believes that dedication to sustainability is what makes Carillion competitive. Carillion therefore chose to on-board with Tradex, Causeway Technologies’ electronic document exchange and supply chain management platform, to create a paperless supply chain of accredited vendors.
Benefits of supply chain digitisation
With a community of over 140,000 businesses, Tradex is the largest online trading platform in the UK construction sector. The platform connects thousands of buyers and suppliers, and provides a secure system for invoicing and approval processing. Carillion processes over 400,000 transactions annually on the Tradex platform, eliminating human error, speeding up workflow, improving accuracy, and reducing the cost to process invoices.
Carillion uses Tradex Supplier Management to provide a single database of all accredited vendors. With over 20,000 pre-qualification questionnaires, the Tradex accreditation feature allows Carillion to streamline their supplier management process, improve compliance to preferred vendors, and reduce rogue spending. Carillion’s customer-to-supplier relationships are greatly enhanced by ensuring that well-performing partners are rewarded with repeat business and unnecessary cost and risk is removed from Carillion’s business.
For supply chain partners, engaging with Carillion has become a simple and cost effective process. Tradex provides an automated process to match invoices to orders. This ensures that potential queries are quickly resolved and suppliers are paid on time.
Reducing carbon footprint through digitisation
Carillion has reduced its carbon footprint since on-boarding with Tradex. As the document exchange between Carillion and their suppliers is entirely paperless, trading documents are processed securely, electronically, and automatically. Invoices are matched to purchase orders prior to arriving at Carillion. Failed invoices are immediately returned to the supplier, allowing them to make the appropriate changes. Spend management information is provided through the Tradex web-based analytics dashboard.
With a £5 billion turnover and 40,000 employees, the amount of paper and post saved through digitisation and automation is substantial. Carillion aims to reduce their carbon footprint by cutting back on unnecessary emissions through technology and better planning. Carillion reports that the Tradex community is an invaluable contribution to this aim. For suppliers, the carbon footprint reduction is also drastically reduced as high volumes of paper invoices, envelopes, and postal service are completely replaced by digital processes.
Causeway’s commitment to sustainability and supply chain excellence
Causeway makes significant contributions to sustainable supply chain excellence through the Tradex platform. Our partnership with Carillion is one example of how we are reducing our carbon footprint in an industry that accounts for large amounts of carbon emissions. Tradex provides a secure electronic document exchange and supplier accreditation process that sets standards for how the construction industry should engage with the supply chain.
Through the mutually beneficial community provided by Causeway’s Tradex, Carillion is able to make positive steps to achieving BS 110000 and continue to be a leader in the construction industry.
To learn more about how the Tradex Community can benefit your business, click here.