p2p software
Maximize Your Budget: How Hospitality Procurement and P2P Software Drive Financial Efficiency
Johannes Vocke | September 12, 2024
By Johannes Vocke, FutureLog Chief Financial Officer Creating a robust budget is essential for any company's planning and operations. Yet, many hospitality organisations need to leverage all their resources and expertise. Often, they exclude procurement, a crucial player in managing expenditures, from the budgeting process. It’s hardly surprising to seasoned hospitality executives that setting and adhering to a budget can be challenging due to a lack of visibility, internal misalignment, and fluctuating market prices. When procurement is not involved in budgeting, opportunities for cost savings are missed, leading to budget overruns...
Aptech Teams With BirchStreet Systems To Bring Procure-to-Pay Processing to Twenty Four Seven Hotels
Aptech | July 17, 2024
Aptech provides hotels with invoice-level, vendor and general ledger spend while BirchStreet Systems manages the remainder of the P2P workflow process PITTSBURGH, July 17, 2024 — Aptech has teamed with Birchstreet Systems to deliver efficiency and automation where it is most needed – the procure-to-pay (P2P) process. Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting and P2P software to deliver better control over purchase orders, invoicing, budgeting, order delivery, flexible payment options, invoice imaging, and financial review efficiency with drill down from P&L to invo...
Staying Within Budget in 2024: The eProcurement Advantage
Johannes Vocke | October 12, 2023
By Johannes Vocke Hoteliers know that guest experiences drive revenue. In recent years, leading hoteliers have responded to the pressure to leverage data to deliver more personalised, streamlined stays for their guests. But while hoteliers have been busy moving towards digital customer-facing solutions, they haven’t put as much energy into back-of-house (BOH) transformation. Accenture reports that 95 percent of travel companies are only focused on digital transformation in some parts of their business, but not all of them. Understanding guest data is a great way to drive top-line growth but to really boost the bottom line, hoteliers...
How P2P Software Will Help Hoteliers Master Their 2024 Budget
Johannes Vocke | September 20, 2023
By Johannes Vocke Budgeting effectively is a challenge at the best of times, but hoteliers looking to set their 2024 budgets have to do so amid lingering uncertainty across the travel industry. While travelers may be more excited than ever to set out on their next adventure, economic factors are changing the way people travel and how much it costs to provide exceptional guest experiences. Accenture reports that 71 percent of consumers plan to sustain or increase their spending on leisure travel next year. This trend gives hoteliers ample opportunity to recover revenue lost during the pandemic and achieve new top-line growth. CWT proje...
BirchStreet Systems Hires Ex-Avendra Hospitality Supply Chain Expert Craig Selwitz as SVP Supplier Services
BirchStreet Systems, Inc. | December 1, 2020
(Newport Beach, California) - BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces the addition of Craig Selwitz as Senior Vice President for Supplier Services. With more than 30 years of experience in hospitality supply chain automation, Selwitz brings a 360-degree perspective and comprehensive vision for how buyers and suppliers can partner to innovate and transform the hospitality supply chain. The addition of Selwitz to the BirchStreat team further deepens the Company’s commitment to enabling its customers and their suppliers to increase efficiency through the use of technology. “Selwitz b...
