procure-to-pay
The Top 7 Pain Points in Hospitality Procurement and How to Overcome Them
Johannes Vocke | July 24, 2024
By Johannes Vocke, FutureLog Chief Financial Officer Siloed and fragmented procurement software often complicates the procure-to-pay process. Outdated solutions are typically expensive, inflexible, and inefficient, yet many organisations persist in using these antiquated systems. This reliance on old-fashioned procurement management systems hinders operational efficiency. A 2023 Procurement Insights report reveals that 80% of organisations still depend on manual or semi-digital tools to manage their P2P cycle. These businesses typically utilise ERP or accounting software—an approach comparable to using a flashlight to crack a nut. W...
Aptech Teams With BirchStreet Systems To Bring Procure-to-Pay Processing to Twenty Four Seven Hotels
Aptech | July 17, 2024
Aptech provides hotels with invoice-level, vendor and general ledger spend while BirchStreet Systems manages the remainder of the P2P workflow process PITTSBURGH, July 17, 2024 — Aptech has teamed with Birchstreet Systems to deliver efficiency and automation where it is most needed – the procure-to-pay (P2P) process. Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting and P2P software to deliver better control over purchase orders, invoicing, budgeting, order delivery, flexible payment options, invoice imaging, and financial review efficiency with drill down from P&L to invo...
BirchStreet Systems Launches Operational Insights to Help Hospitality Customers Attain Operational Goals
BirchStreet | June 13, 2024
New solution helps companies achieve up to $500,000 in savings per year LAS VEGAS – June 13, 2024 – BirchStreet Systems, a leading global provider of enterprise procure-to-pay -solutions to the hospitality sector, today announced the launch of Operational Insights, an interactive reporting and analytics solution designed to help customers achieve operational goals for Purchasing and Accounts Payable processes and yield substantial cost savings. Operational Insights is the first product in the ongoing ‘Insights’ series targeted specifically to the unique needs of the hospitality industry. The new offering further advances BirchStree...
From Paper to Platform: Future-Proof Your Procurement Team With Digital Transformation
Johannes Vocke | May 21, 2024
By Johannes Vocke, FutureLog Chief Financial Officer In an eye-opening survey by PwC, global procurement professionals have spoken when it comes to their digital transformation initiatives. By 2025, procurement departments have an average target of 72% digitalization, with efficiency, transparency, traceability, and cost savings as some of their main drivers. Procure-to-Pay (P2P) has also benefited the most from the digital transformation of any procurement process, ahead of areas like spend analysis and supplier management. This may be because recent reports cite that digital procurement can reduce processing costs by up to 50% and increa...
A Smarter Way to Save: 8 Ways That Hoteliers Can Increase Compliance and Reduce Annual Spend
Johannes Vocke | February 28, 2024
[fusion_builder_container type="flex" hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column typ...
FutureLog Takes Center Stage as Gold Sponsor at the 21st Annual HM Awards for Hotel and Accommodation Excellence in Australia, New Zealand, and the So
FutureLog | November 29, 2023
Leading procure-to-pay technology innovator celebrates third consecutive year as Gold Sponsor at Australia's premier event dedicated to recognising excellence in the hospitality industry Sydney, Australia - (November 29, 2023) - FutureLog, a leading innovator in hospitality technology solutions, proudly announced its Gold sponsorship of the prestigious 21st Annual HM Awards for Hotel and Accommodation Excellence. The Hotel Management magazine event was held on Friday, November 24, 2023, at The Star Event Centre Sydney. "We are thrilled to be a gold sponsor at the 21st Annual HM Awards, supporting and celebrating the pinnacle of excellen...
BirchStreet Systems Relocates Headquarters to Las Vegas
BirchStreet Systems | February 25, 2021
(Las Vegas, NV) BirchStreet Systems announced that it has relocated its world headquarters from Newport Beach CA to Las Vegas NV, as it positions the company for growth and strengthens innovative partnerships with hospitality companies. This milestone is a major move for BirchStreet on its mission to empower organizations to make better, more accurate and confident buying and operating decisions. BirchStreet Systems powers gaming and hospitality enterprises with a comprehensive procure-to-pay business solution. “We believe this move places us in the center of the gaming industry, with close proximity to many of our customers,” says Sus...
BirchStreet Systems Hires Ex-Avendra Hospitality Supply Chain Expert Craig Selwitz as SVP Supplier Services
BirchStreet Systems, Inc. | December 1, 2020
(Newport Beach, California) - BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces the addition of Craig Selwitz as Senior Vice President for Supplier Services. With more than 30 years of experience in hospitality supply chain automation, Selwitz brings a 360-degree perspective and comprehensive vision for how buyers and suppliers can partner to innovate and transform the hospitality supply chain. The addition of Selwitz to the BirchStreat team further deepens the Company’s commitment to enabling its customers and their suppliers to increase efficiency through the use of technology. “Selwitz b...