LBMX and LMC Announce Significant Expansion to LBMX Group Platform Solution
2024年7月22日 - 9:00PM
ビジネスワイヤ(英語)
Tech company LBMX Inc. and LMC, the largest Forest Products and
Building Materials cooperative in the United States, finalized a
significant commercial upgrade to expand the existing LBMX
services. This will result in a full end-to-end LBMX Group Platform
for LMC and its members.
The two organizations have had a strong partnership in place for
the past 9 years noted Paul Ryan, President, and CEO of LMC.
“LBMX was the obvious option when we began the process to evaluate
a larger technology transformation for our entire B2B platform
needs,” remarked Ryan. At LMC’s 2023 Expo, held last November in
Philadelphia, Ryan made a commitment to replace the LMC legacy
billing systems with a new, single platform designed to improve
accuracy and reporting, downsize manual work, and create a faster
claims process among other features.
“We looked at a number of options, including building a solution
in house, however the current and future capabilities of the LBMX
Platform and the vision of the LBMX team for future enhancements
particularly in the area of AI and ML, ultimately made LBMX the
right choice,” says Jack Phipps, VP, Information Technology at
LMC.
LMC will take advantage of LBMX’s fully managed EDI services,
leveraging the power of real-time data to view full analytics for
the group and dealer members, manage claims, deliver statements,
and complete full central billing activities.
Alison Fulton, Chief Revenue Officer of LBMX, says this
partnership is an important evolution in the portfolio of the group
business for LBMX. “It’s well understood that LBMX dominates the
lumber and building materials (LBM) space in Canada, with most
major buying groups as customers in addition to having a presence
in the UK and New Zealand. This upgrade at LMC brings the largest
US buying group for LBM fully into our ecosystem, marking us as the
premiere solution in this industry.”
The LBMX platform is architected to provide advantage for all
participants in the supply chain. “Our focus on member-driven
organizations and our deep industry experience in LBM has resulted
in a solution that drives real value for everyone: LMC members, LMC
suppliers, and LMC,” remarks Greg Dinsdale, CEO of LBMX
Inc.
LMC and LBMX are set to begin implementation of the complete
platform transformation beginning in August 2024.
LMC is the leading Forest Products and Building Materials Buying
Group in the USA owned by independent lumber and building material
dealers. There are over 1,800 LMC dealer locations in the United
States. “Building Business Together” is LMC’s philosophy, rooted in
a history of working together and standing the test of time since
1935. LMC dealers are united in their purchasing, creating a strong
foundation that supports the growth of unique supplier
relationships and purchasing opportunities.
LBMX offers a business-to-business technology platform, helping
independent businesses, their buying groups, and suppliers buy
better and sell more. The LBMX Group Platform has transformed
billing and ordering, rebate management, real-time analytics,
e-commerce and product information management across the building
materials, HVAC, plumbing, sporting goods, industrial supply,
manufacturing, and agricultural industries. Its LBMX Supply Cloud
platform allows suppliers to look at their industrial distribution
customers through one lens, offering full EDI, PIM, Analytics and
Payments.
LBMX is based in London, Canada and has customers throughout
Canada, United States, United Kingdom, Australia and New
Zealand.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722397010/en/
Media contacts: LBMX Alison Fulton, Chief Revenue Officer
marketing@LBMX.com LMC Fran Monk, VP of Marketing fmonk@LMC.NET