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BirchStreet Launches Executive Dashboards and Data Management Services for the Hospitality and Gaming Industries
June 21, 2016 - BirchStreet Systems, a hospitality-focused cloud based procure-to-pay automation software, has unveiled its new Executive Dashboards features in conjunction with Data Management Services.
The Executive Dashboards are composed of two data analytics, business intelligence driven tools: spend visibility and compliance. BirchStreet also announced its Data Management Services (DMS) as a supplementary resource for customers that lack the dedicated personnel needed to manage their product and supplier level information. These services enable enterprise and property level professionals to optimize spend management by increasing spend compliance and reporting.
The newly developed Spend Visibility Dashboard provides real-time, easy to use insight into property spend metrics by category and time period for all purchases made through the BirchStreet Platform. These customizable data visualization tools provide users with the ability to make better purchasing decisions and to detect how and where budgets are spent. Spend categories can be viewed at any level of the enterprise or at a specific property, or can be drilled down into specific product category types with purchasing details. The Compliance Dashboard tool is designed to help users make better purchasing decisions and increase profitability by flagging the right products and suppliers. When paired with BirchStreet’s Data Management Services offering, customers are relieved of the labor-intensive maintenance of product information management, data crunching and reporting that is often associated with this depth of insight into spend data.
Monitoring spend compliance for all purchasing through BirchStreet can boost profitability by ensuring users buy the right products from the right supplier at the contracted price. This is especially important if customers are using a Group Purchasing Organization (GPO) that leverages buying power to capture program discounts and rebates for purchasing certain items. Customers can obtain maximum rebates if purchases are made within the GPO’s programs, which are typically 15-20 percent below “street” pricing. Gaining full spend visibility and the tools to measure compliance, helps hospitality organizations maximize the utilization and pricing advantage of pre-negotiated contracts, as well as monitor their spend management Key Performance Indicators (KPIs).
The BirchStreet Executive Dashboards offer enterprise customers an intuitive and customizable platform with multiple fields such as period, category, region, brand, manager name, total spend and non-compliance. There are color-coded compliant spend alerts created to provide graphical, easy to track compliance KPIs, such as 90 percent or greater, 80 percent or greater and below 80 percent. To obtain more granular detailed product-level compliance data, users can use the dashboard to drilldown into each item.
In addition, for those customers looking to outsource the monitoring and cleansing of their product data and compliance activities, BirchStreet’s DMS will not only map product and supplier information, it can create reports to gauge spend improvements and uncover compliance gaps. By uncovering non-compliant items, BirchStreet’s DMS gives its customers visibility into their spending activities and provides the tools needed to improve purchasing behavior for major impact items. The BirchStreet DMS team uses the system’s sophisticated BI and reporting functionality to sift through all expenses and expose gaps.
“Typically, organizations without an eProcurement system have a 40 percent or below on-contract compliance rate for their purchases,” stated Sushil Garg, CEO at BirchStreet. “However, when customers use BirchStreet, they can achieve upwards of 90 percent compliance rates that results in overall savings of 7–10 percent of spend, dramatically impacting their bottom line. The Executive Dashboards, coupled with our Data Management Services, provides the type of business intelligence that gives customers a competitive advantage for reducing costs and increasing profitability, while relieving the administrative burden of maintaining product and supplier level data.”
11/17/2016 Best Western Selects BirchStreet as its Procure-to-Order Platform November 17, 2016 -
Best Western Hotels & Resorts and BirchStreet Systems today announced the selection of BirchStreet’s Procure-to-Order platform to modernize the procurement process at Best Western’s 2,100 hotels in North America. The BirchStreet technology platform will enable hotel owners to access an online Best Western marketplace to easily shop for Best Western’s approved and branded suppliers, compare prices, establish order guides and process requests on one system.
9/13/2016 BirchStreet Systems Acquires AccuBar September 13, 2016 -
BirchStreet Systems, a cloud-based procure-to-pay technology provider for the hospitality industry, announced its acquisition of AccuBar, a cloud-based, mobile enabled beverage inventory software solution provider.
5/2/2012 BirchStreet Announces Powerful New Spend Intelligence Toolset May 02, 2012 -
BirchStreet Systems, Inc., a leading procure-to-pay (P2P) solutions provider to enterprises around the world, announced the launch of Spend Intelligence Toolset, the company's newest product to complement its P2P platform. The Toolset is designed to provide regional or global enterprises with instant insight into their organizational spend, thereby helping these companies find opportunities to save.
9/18/2009 Omni Hotels Completes Rollout of BirchStreet Systems E-Procurement September 18, 2009 -
BirchStreet Systems, one of the hospitality industry’s leading e-procurement and purchasing system providers, announced that the luxury hotel brand, Omni Hotels, has now fully implemented BirchStreet’s Web-based e-procurement solution.
9/10/2009 PlumTree Partners Announce Investment in BirchStreet Systems September 10, 2009 -
PlumTree Partners, a Dallas-based private investment firm that focuses on middle market technology-enabled business services companies co-founded by Jeff Rich, former CEO of Affiliated Computer Services, and Todd Furniss, former president and COO of Everest Group, announced their investment in BirchStreet Systems, a leading provider of e-procurement software as a service to the hospitality industry.
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