Most hotels and hotel chains, as well as restaurants, in today's economy will not even consider a new procurement technology implementation unless the return on investment (ROI) is substantial and immediate.
BirchStreet has proven again and again that it can meet that expectation through achieving hard dollar cost savings (typically between 4% and 8% of all operational spend put through the system) versus its low cost implementation and maintenance. Additionally when coupled with more intangible benefits, such as increasing staff productivity and reducing an organization's carbon footprint through reduced paperwork, overall ROI can be unprecedented.
Overall ROI of Hospitality Procurement Software
Hotels and restaurants quickly see the financial and operational benefits associated with BirchStreet's purchasing software. Management companies of hotel and restaurant chains, as well as large-scale independent owners, actually see multiplied effects of cost savings through an efficient e-Procurement solution.
- Improvement of your Compliance percentage
- Supplier Integrity
- Productivity advantages at the property level (for hotel and restaurant chains)
Your Hotel's Bottom Line
Significant improvement to a hotel's bottom line is not uncommon once it has the full BirchStreet Procure-to-Pay (P2P) application suite in use throughout the organization.
- Accounts Payable (AP) automation allows 25% or more of the existing AP FTEs (Full-Time Employee Equivalents) to be reassigned
- SAAS (software-as-a-service) model removes need of costly onsite servers
- Most hotels achieve 100% payback within a couple of months
Benefits of Hotel Procurement Automation
Today's most successful hotel and restaurant groups have shifted more profit to the bottom line by adopting automated P2P processes.
- Elimination of cumbersome paper-based payment and purchasing activities.
- Streamlined operations.
- Increased visibility into corporate spend.
- Enhanced decision-making.
- Maximized control and compliance, for both spend management and supplier programs.
BirchStreet is the only company that has designed a procure-to-pay system specifically for the hospitality industry. And, BirchStreet is the only company that can deliver unprecedented ROI while totally automating your hotel's procure-to-pay process.
Let us work with you. We have years of experience with Independent Hotels and Restaurants through to large regional groups and global chains. Let's work together to determine the ROI. Contact BirchStreet Systems today to see how we can help you shift more profit to your bottom line by leveraging the power of automated Procure-to-Pay software. Request a personal demo today or call us at 949-567-7100 with any questions.