Operational Insights is an interactive reporting and analytics utility that will allow organizations to:
- Track key PO and invoice metrics
- Compare your organization’s results to the overall BirchStreet customer base in each measured area
Confirming and Late PO rates
Non PO Invoice rates
“Straight Through” or “No Touch” Invoice rates
See invoices by source (eg, IMS, OCR, EDI, Manual Entry)
EDI invoice error rates
Savings = $$$
A customer who improves their straight through processing rate from 50% to 75% and processes 1,000,000 invoices per year could save an average of $500,000 per year in invoice handling costs.
In addition to easy organization-wide access to nutrition data, the BirchStreet technology links with vendors, so if I’m doing a crab cake dinner, I automatically know the price of crab. It provides a better picture of financial position day to day, so decisions can be made to shore up spending.