Birch Street Leads in Hotel Spend Management Solutions With 35 Percent Growth [inactive]
Los Angeles| Birch Street Systems today announced customer adoption of their solutions have grown more than 35 percent this year. With this impressive growth, Birch Street has positioned itself as a leader offering specialized solutions developed to combat the specific needs of the hotel industry. Worldwide, more than 28,000 users reduce procurement costs and improve sourcing strategy within the Birch Street platform.
According to John F. Davis III, CEO of Birch Street Systems, "due to the better-than-expected ROI, some of our customers indicate that they are generating substantial savings of as much as four times their application investments in as little as one year after implementation. With its comprehensive functionality, Birch Street is helping companies better manage strategic purchasing and sourcing, operational procurement, and supplier collaboration, thus reducing the cost of purchased goods."
Customer adoption has also been driven by superior analytics capabilities built into the Birch Street platform. The insights provided by BSS Spend Analytics give users the information they need to gain power in contract negotiations as well as the ability to identify business opportunities through comparison of prices and performance.
"In today's challenging business environment, hotel companies need the solutions Birch Street offers to sustain efficient supplier relationships and to deliver real business benefits such as lower transaction costs, standardized business processes and spend visibility and control," said Mr. Davis in closing.
Recently, a Birch Street customer further substantiated the significant benefits a business can obtain utilizing Birch Street when their compliance rate went from 30% to 75%. This translated into large savings for them as they were able to drive more spend under contract.
As a recognized leader in the Hospitality market, Birch Street delivers its web-based platform to some of the world's most recognizable companies including; Hilton Hotels Corporation, Marriott International, Hyatt Hotels, Omni Hotels, Interstate Hotels and Resorts and Carlson Hospitality. Their solutions enable increased supply chain visibility and gives customers closed-loop insight into their global spend. Customers can control the complete procure to pay cycle – from strategy to execution – and help them make and execute decisions that align with corporate strategy by optimizing supplier selection, compressing cycle times, and building sustainable, workable supplier relationships. More information can be found on their website: www.BirchStreetSystems.com.