BirchStreet Systems Launches Capital Budget Management Module
Leading Procure-to-Pay Software Solution for the Hospitality Industry
This new module allows for a multi-year capital expenditures plan in which a property can enter future projects into BirchStreet on an on-going basis. CBM provides the immeasurable benefit of simultaneous integration with eProcurement, AP Automation and Inventory Control applications. Thus, this module streamlines project implementation and facilitates the procure-to-pay process associated with a project.
The CBM system also allows for projection of multiple monthly and yearly budgets. Using the new system, the user can allocate a project budget to a specific year, month or across a specified period of time. BirchStreet has also introduced a highly advantageous rolling budgets functionality, so that any remaining unused amounts will roll forward to the subsequent month automatically until the project is closed.
Properties will also have the ability to define property areas and sub-areas. Information can be logged against these such as when an area was last renovated, recommended number of years between renovations, as well as measurements. Projects will be tracked against these property areas, giving tremendously beneficial insight into the capital expenditure requirements and costs associated with them. Finally, the module also provides the ability to maintain theoretical bank balances to monitor cash flow when authorizing a project.
For more information or to see a demo, please contact firstname.lastname@example.org or call 949-567-7000.
About BirchStreet Systems:
BirchStreet Systems, Inc. provides global enterprises with SaaS based operating and reporting tools to close the gap between the current and the desired compliance to standard operating procedures within the procure-to-pay process. BirchStreet software improves business processes by integrating eProcurement, AP Automation, Inventory Control, Spend Analytics, Recipe Management System and Capital Budget Management modules to support the hospitality and gaming industries. Thousands of businesses in 78 countries currently subscribe to BirchStreet to connect with a network of 200,000 suppliers. Established in 2002, BirchStreet is privately held and is headquartered in Newport Beach, California with offices in China and India. For more information, visit www.birchstreet.net or call 949-567-7000.
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