LBMX Inc. Company Report

Company Overview

• Name: LBMX Inc.

• Mission: To provide a technology platform that connects independent business owners, their suppliers, and their buying groups, helping them to buy better and sell more.

• Founded: No information is available

• Founders: No information is available

• Key People: No information is available

• Headquarters: 400 - 148 Fullarton Street, London, Ontario, N6A 5P3, Canada

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: LBMX is known as the only B2B marketplace that connects independent businesses with their business partners via one easy connection. It offers solutions like B2B eCommerce, integrated eInvoicing, rebate optimization, and more.

Products

1. Rebate Management

• Description: Provides tools to design and manage rebate programs proactively. It tracks performance and calculates member payouts, tailored specifically for purchasing groups.

• Key Features: Accuracy, flexibility, and power in managing rebates.

2. Central Billing

• Description: Manages the flow of electronic invoices, centralizes ordering, invoicing, and payment processing.

• Key Features: Increased speed, accuracy, and efficiency in billing processes.

3. Analytics

• Description: Offers a 360-degree viewpoint for making informed decisions and driving group success.

• Key Features: Detailed insights to maximize buying, increase member rebates, and achieve group goals.

4. Digital Buying Marketplace

• Description: A shared e-commerce solution for group members to sell and buy online.

• Key Features: Boosts member revenue and adds value by offering ecommerce as a shared service.

5. Product Information Management (PIM)

• Description: The only PIM specifically designed for buying groups, enhancing access to rich product data for online sales and other initiatives.

• Key Features: Access to extensive product content necessary for digital sales.

Recent Developments

• New Products Launched:

• LBMX announced a next-generation rebate management solution on June 1, 2022, aimed at independent distributors, buying groups, suppliers, and independent members.

• New Features/Enhancements:

• No specific new features identified beyond the next-generation rebate management system mentioned above.

• Partnerships and Expansions:

• LBMX and LMC Expansion (July 22, 2024): LBMX Inc. entered into a significant commercial upgrade with the Lumbermen's Merchandising Corporation (LMC), enhancing platform solutions.

• Fanshawe Partnership for AI Award (November 21, 2023): LBMX has partnered with Fanshawe for an artificial intelligence award.

• Achievements:

• SOC 2 Type 2 Certification (October 15, 2024): LBMX achieved SOC 2 Type 2 certification, emphasizing their commitment to maintaining high standards.

• Named Canada’s Top 100 Small & Medium Employers (April 8, 2022): Recognition as a top small and medium employer demonstrates LBMX's employee-friendly environment.

Strategic Acquisitions

• Buying Group Services (January 10, 2022): LBMX acquired Buying Group Services in an all-shares deal to enhance its market presence and service offerings.

Locations

• LBMX Headquarters:

• 400 - 148 Fullarton Street, London, Ontario, N6A 5P3, Canada

• Phone: 519.850.5269 / 1.877.429.5269

• LBMX North:

• 400 - 390 Bay Street, Sault Ste. Marie, Ontario, P6A 1X2, Canada

• Phone: 1.877.429.5269

Summary

LBMX Inc. is dedicated to empowering buying groups and independent businesses through its comprehensive and integrated B2B solutions. With continuous innovation and customer-focused services, LBMX continues to expand its reach and influence in the global market, underlined by strategic partnerships and technological advancements.