procurement
BirchStreet Systems Selected as Exclusive Procure-to-Pay Partner for Red Sea Global in Saudi Arabia
BirchStreet Systems | September 24, 2024
The strategic collaboration plays a pivotal role in transforming the Red Sea coastline into a luxury destination LAS VEGAS - [September 24, 2024] - BirchStreet Systems, the leading provider of procure-to-pay solutions for the hospitality industry, today announces its partnership with Red Sea Global, the developer behind regenerative tourism destinations The Red Sea and AMAALA, as its exclusive procure-to-pay partner. Red Sea Global is currently developing two of Saudi Arabia’s projects that are set to revolutionize the tourism landscape by transforming an extensive stretch of the Red Sea coastline into luxurious international destinatio...
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...
A Smarter Way to Save: 8 Ways That Hoteliers Can Increase Compliance and Reduce Annual Spend
Johannes Vocke | February 28, 2024
[fusion_builder_container type="flex" hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column typ...
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 Important Is AI to the Future of the Procurement in the Hospitality Industry?
Gareth Fraser | January 4, 2023
By Gareth Fraser, Vice President of Sales & Marketing Enablement, BirchStreet Systems Everywhere we turn, the impact of digital transformation is tangible and undeniable. Digital innovation has forever altered how we live, work, and connect – and the pace of this ongoing transformation seems to only accelerate with each passing year. To this effect, in the best-selling book ‘The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives”, Peter H. Diamandis notes that (based on futurist Ray Kurzweil’s calculations) we should expect to experience twenty thousand years of t...
Agilysys Announces Agreement With Marriott International to Deliver Its Cloud-Native Property Management System (PMS) Software Across Marriott’s
Agilysys | December 15, 2022
ALPHARETTA, GA — DECEMBER 15, 2022 — Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced an agreement with Marriott International, Inc., (NASDAQ: MAR) to deploy its cloud-native property management system (PMS) software across Marriott’s United States and Canada luxury, premium and select service hotels over the coming years. Agilysys offers hospitality-focused innovation, the ability to provide diverse capabilities across different types of properties, and cloud-native technology that simplifies employee operations and enhances guest exper...
Hospitality Software Frontrunner Agilysys Receives Three Awards for Mobile Food & Beverage (F&B) Ordering and Payment Self-Service, Interope
Agilysys | October 11, 2022
-- Top gaming organizations recognize Agilysys for amplifying Return on Experience (ROE) through guest conveniences, technology interconnectivity and gaming industry expertise -- ALPHARETTA, GA — OCT. 11, 2022 — Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, has won three awards from the gaming industry for its partnership, its technology leadership, and for the positive business impact of its intuitive mobile F&B order-and-pay solution. The solution – branded IG OnDemand – makes it fast and easy for hospitality and gaming guests to use a pe...
Agilysys Fiscal 2023 First Quarter Revenue Rises 22.7% to Record $47.5M
Agilysys | July 27, 2022
Alpharetta, GA – July 27, 2022 - Agilysys, Inc. (NASDAQ: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2023 first quarter and period ended June 30, 2022. Summary of Fiscal 2023 First Quarter Financial Results Total net revenue increased 22.7% to a record $47.5 million, compared to total net revenue of $38.7 million in the comparable prior-year period. Recurring revenue (which comprised of subscription and maintenance charges) were a record $27.7 million, or 58.4% of total net revenue compared to $23.2 million, or 59.9% of total net revenue ...
