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BirchStreet and CSI globalVCard Announce Partnership and Integration of Enterprise Technologies
June 04, 2015 - BirchStreet, a procure-to-pay (P2P) solution provider, and CSI globalVCard, a provider of electronic payment solutions, have announced a partnership and the upcoming integration of their enterprise technologies.
The integration will further enhance BirchStreet’s eProcurement platform to allow its customers the option of paying suppliers through CSI’s highly secure globalVCard payment system.
“The partnership and integration of technologies will allow our mutual customers to conveniently apply payment to any purchasing activities in the BirchStreet cloud platform,” said Bill Hirsch, VP of sales and marketing at BirchStreet. “Giving our customers access to securely make payments using CSI’s globalVCard paysystems will improve efficiency, operational processes and increase profits, in addition to making the entire procure-to-pay automation process even more inclusive and comprehensive.”
The software integration will bring the following key benefits to BirchStreet clients:
Security – a secure, compliant payment system is at the core of CSI’s globalVCard solutions. Single-use virtual credit card payments offer additional security since the card number becomes invalid once the transaction is complete and therefore cannot be compromised.
Cost savings – electronic payment processing greatly reduces paper checks and the costs that go with them, estimated to cost a business up to $20 per check.
Speed – through the system integration, payments are completely automated, significantly increasing efficiencies and eliminating the risk of manual error
New revenue – customers earn monthly cash back rewards based on virtual card transactions
“The ability to create a true no-touch process from procurement through payment is where the industry is heading,” said David Disque, managing director at CSI globalVCard. “In choosing a partner that enables us to leapfrog the competition, we sought a company that shared our core values and commitment to innovation and customer success. We are pleased to announce our partnership with BirchStreet and look forward to long-term success and continued innovation.”
The partnership will initially focus in the hospitality industry where both companies hold market leading positions in their respective areas of expertise. BirchStreet is a recognized P2P automation leader, serving more than 7,000 properties, managing more than $10B of spend. CSI’s globalVCard platform streamlines payments for hundreds of properties, representing over 75 percent of the top 25 hospitality management companies.
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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