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Montage Hotels & Resorts Select BirchStreet Procure-to-Pay Platform(November 29, 2011)
NEWPORT BEACH, CA -- (Marketwire) -- 11/29/11 -- BirchStreet Systems, Inc., a leading procure-to-pay provider to enterprises around the world, has been selected to provide its procure-to-pay (P2P) platform to Montage Hotels & Resorts, a leading luxury hotel brand that manages three world-class properties in the U.S.
BirchStreet's cloud-based P2P application suite will be implemented at Montage Laguna Beach, Montage Deer Valley and Montage Beverly Hills to manage purchasing and automate accounts payable processes. The rollout includes BirchStreet's e-Procurement and AP Automation applications, as well as a number of supporting features, such as Advanced Approvals and Declining Checkbook Drilldown to monitor budget versus actuals on a real-time basis.
"BirchStreet's procure-to-pay platform will improve our purchasing and payables processes and drive efficiency," said Iqbal Bashir, VP Finance, Montage Hotels & Resorts. "We are excited to implement this solution suite to gain control and visibility over the entire lifecycle of a transaction."
Using BirchStreet's P2P platform, Montage suppliers will be directed to send all paper invoices to a centralized BankTech processing center where an advanced OCR and QA process will create electronic versions of each paper invoice. These will then be transmitted to BirchStreet's auto-matching engine which will perform an automated three-way match between invoice, purchase order and receiving record. An electronic image of the paper invoice will also be generated and attached to the corresponding record in the BirchStreet software.
"Typically, customers using the P2P platform find that about 80 percent or more of their purchase order invoices pass auto-matching without human intervention," said Doug Sanborn, president of BirchStreet Systems. "We are pleased to offer Montage a fully integrated business solution to help them streamline operations and contribute to their continued success."
The Montage properties are scheduled to go live in Q1, 2012. For more information about BirchStreet's Procure-to-Pay application suite, 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 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 or follow our blog at www.BirchStreetBlog.com.
About Montage Hotels & Resorts
Montage Hotels & Resorts is a hotel and resort management company founded in 2002 by Alan Fuerstman. Designed to serve affluent travelers and homeowners, the company features an artistic collection of distinctive hotels, resorts and residences in stunning settings that offer comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. Montage Laguna Beach, the company's flagship oceanfront resort, opened in the vibrant arts community of Laguna Beach, California, in 2003. Montage Beverly Hills, the company's second hotel, opened in Beverly Hills in 2008 and was the first Gold LEED certified hotel and residences in Southern California. Montage Deer Valley, located in Park City, Utah, is the company's third property which opened in December 2010. www.montagehotels.com.
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