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BirchStreet Announces Powerful New Spend Intelligence ToolsetDashboards, Graphs and Reporting Capability Offer Instant Insight Into Organizational Spend (May 01, 2012)
NEWPORT BEACH, CA -- (Marketwire) -- 05/01/12 -- BirchStreet Systems, Inc., a leading procure-to-pay (P2P) solutions provider to enterprises around the world, today 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.
Combining new analytical software with a new data mapping and analytics service, the solution provides spend intelligence on a global, national or regional scale with drilldown capability to the brand, property, department, item or category level -- across manufacturers and distributors. The Toolset includes a series of interactive drilldown dashboards, graphs and several new reporting options, allowing users to drill down to specific items and quickly zero in on significant patterns of off-contract spend.
The Toolset's spend intelligence capabilities give customers the ability to extract more savings out of their existing supplier contracts, perform vendor and item consolidations, or find opportunities for new supplier agreements. The Toolset also provides important data to assist with aggressive vendor negotiations, helping users to accurately calibrate volume commitments, as well as monitor property and vendor compliance.
"Even a small organization can quickly produce millions of records of line item spend data," said Doug Sanborn, president of BirchStreet Systems. "Teasing actionable information from this data can be a time consuming and resource intensive process. Our Spend Intelligence Toolset uses industry-wide manufacturer, distributor and item information to quickly analyze millions of records of spend data by categorizing a few hundred master records. This 'data leverage' allows users to slice and dice data easily, thereby dramatically simplifying and speeding up the process of finding actionable information and ultimately save."
While optimized to use spend data from BirchStreet's e-Procurement system, the Toolset can also analyze spend data from other sources, including supplier consumption reports and third-party systems.
"Whether you have a few locations in a single region or thousands of locations spread across the globe, the power of BirchStreet's P2P platform is its ability to see, analyze and understand spend from all locations in one system," added Bill Hirsch, vice president of sales for BirchStreet. "The Spend Intelligence Toolset is the first of four new products scheduled for release in 2012 that are designed to leverage BirchStreet's global footprint -- with the other three being Contract Management, Rebate Management and Program Publisher."
To read more about the Spend Intelligence Toolset on the BirchStreet blog, click here. To request a demo, click here. For more information about BirchStreet's procure-to-pay solutions, please visit www.birchstreet.net.
About BirchStreet Systems, Inc.
As the recognized leader in the hospitality market, BirchStreet Systems, Inc. provides its web-based procure-to-pay platform to restaurants, country clubs, senior living communities and some of the world's largest hotel companies including Hilton Hotels, Hyatt Hotels, Marriott International, Inc., Omni Hotels and Interstate Hotels and Resorts. BirchStreet's applications are delivered over the Internet, using the "Software-as-a-Service" (SaaS) model, which reduces the total cost of ownership compared with the traditional method of buying and maintaining enterprise software. Currently, thousands of users in over 40 countries utilize BirchStreet to access and manage more than 160,000 suppliers. Established in 2002, BirchStreet is privately held and has offices in Newport Beach, Calif., New Delhi, India and Frankfurt, Germany. For more information on BirchStreet Systems, please visit www.BirchStreet.net, check out our blog at www.birchstreetblog.com, become a fan on Facebook at www.facebook.com/birchstreet or follow us on Twitter at Twitter.com/BirchStreetSys.
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