BirchStreet Reviews & Pricing

Key Features

• Procurement: You can generate purchase requisitions and orders and receive real-time tracking information. Electronically send RFQs directly to suppliers and access their up-to-date product catalogs with real-time pricing. Create custom approval workflows to adhere to your purchasing policies. Build custom order guides containing frequently purchased items and use analytics tools to gain insights into your spending patterns.
• AP Auto-Matching: The three-way auto-matching feature compares invoices with purchase orders and receiving reports to ensure accuracy and streamline reconciliation. Gain complete visibility of payment status throughout the procure-to-pay cycle. You can ensure international tax compliance with a built-in tax calculator or manually enter invoice details to meet unique business needs.
• Invoice Management: Allow suppliers to send PDFs directly and enable the vendors' data-entry team to accurately record invoice details. Manage multiple invoice types, including PO, non-PO and credit memos. The platform can identify exceptions that help minimize delays and frustrations. Additionally, it automatically codes non-PO invoices based on your rules.
• Inventory Management: Set strategic inventory automation like implementing a just-in-time approach or hedging against potential supply chain disruptions. Use line-on-the-bottle technology to scan outlet inventory. The real-time variance reporting identifies discrepancies and suggests actions to minimize risks. Maintain accurate valuations using an automated system that updates inventory prices in real time based on received data. The platform automatically decrements outlet stock based on POS sales, ensuring inventory levels always reflect actual demand.
• Recipe Management: Gain accurate food cost visibility to make informed decisions about menu offerings and pricing strategies. You can create recipe cards with ingredients, quantities, step-by-step instructions, images and videos to maintain recipe consistency across locations. Identify areas prone to shrinkage by integrating with POS systems and enabling "Recipe to Requisition to Inventory" functionalities. This closed-loop approach provides a holistic view of food usage, helping pinpoint and minimize waste.
• Birchstreet Pay: Electronically send supplier payments using a native payment processor with competitive processing rates. The vendor offers a dedicated team to help suppliers transition to virtual cards, offering potential cash-back opportunities.
• Operational Insights: Track key performance indicators for purchase orders and invoices and benchmark them against industry averages to identify areas for improvement. You can analyze confirming and late PO rates, non-PO invoice rates, and straight-through invoice processing. View a breakdown of invoices by origin, including IMS, OCR, EDI and manual entry. Monitor EDI invoice error rates to ensure smooth data flow.

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