BirchStreet vs Procol

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Our analysts compared BirchStreet vs Procol based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Procol Software Tool

Product Basics

BirchStreet is a cloud-based P2P platform that uses diverse tools to improve and streamline business operations. It helps transform, optimize and digitize the shipping scene by granting maximum visibility and compiling customizable reports to streamline workflows. It is also a one-stop solution to order, track, manage and receive items while obtaining real-time alerts.
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Procol is a sophisticated software solution designed to streamline procurement processes, making it ideal for businesses seeking efficiency in managing their supply chain. It offers a comprehensive suite of tools that facilitate tasks such as vendor management, purchase order creation, and contract management. Procol is particularly well-suited for mid to large-sized enterprises that require robust procurement capabilities to handle complex purchasing needs.

The software's key benefits include enhanced transparency, cost savings through better supplier negotiations, and improved compliance with procurement policies. Popular features encompass real-time analytics, automated workflows, and seamless integration with existing ERP systems. Users appreciate Procol for its intuitive interface and the significant reduction in manual tasks, which leads to increased productivity.

Compared to similar products, Procol stands out for its user-friendly design and comprehensive feature set. Pricing details are typically customized based on the specific requirements of the business, so it is recommended to contact SelectHub for a tailored quote.

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$142 Monthly
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Tailored to your specific needs
$100 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Effective Budget Management: Birchstreet received a 100 SelectHub analyst rating for its budget management module. It lets you create budgets, import and export information, set purchase order limits, assign budgets to specific time periods, and reserve funds for taxes, charges and discounts on requisitions. The checkbook drill-down tool provides an overview of transactions affecting departmental or GL account budgets. You can also manually edit budgets and approval workflows and track spending by department or time period.
  • Streamlined Reporting: The platform got full marks (100) for its reporting and dashboard tools from our analysts. You get every key reporting feature out of the box, including report templates, custom filters, automated report scheduling and multi-level report access permissions. It offers pre-built dashboards on spend visibility and compliance and report templates on inventory, purchase orders, closing variance, item costs and more.
  • Efficient Requisition Management: Another strong feature is the platform’s requisitioning toolkit, which offers 88% of all key features ready to use out of the box. You can set approval workflows, evaluate bids using filters, create RFQs, convert purchase requests into orders and replicate previously ordered items. The platform automates approval reminders and calculates tax and freight charges for specific line items in purchase orders (PO) or invoice slips.
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  • Cost Savings: Procol streamlines procurement processes, reducing manual errors and saving on operational costs.
  • Time Efficiency: Automated workflows speed up approval processes, allowing teams to focus on strategic tasks rather than administrative duties.
  • Improved Compliance: Ensures adherence to procurement policies and regulations, minimizing the risk of non-compliance penalties.
  • Enhanced Transparency: Provides real-time visibility into procurement activities, fostering accountability and informed decision-making.
  • Supplier Management: Centralizes supplier information, making it easier to evaluate performance and maintain strong vendor relationships.
  • Data-Driven Insights: Generates comprehensive reports and analytics, helping businesses identify trends and optimize procurement strategies.
  • Risk Mitigation: Identifies potential risks in the supply chain early, allowing for proactive measures to mitigate disruptions.
  • Scalability: Adapts to the growing needs of your business, ensuring the procurement process remains efficient as the company expands.
  • Collaboration: Facilitates better communication and collaboration among team members and stakeholders through integrated platforms.
  • Customizability: Offers customizable workflows and templates to fit the unique needs of different industries and organizations.
  • Inventory Management: Helps maintain optimal inventory levels, reducing excess stock and preventing shortages.
  • Contract Management: Simplifies contract creation, tracking, and renewal processes, ensuring all agreements are up-to-date and compliant.
  • Audit Readiness: Maintains detailed records of all procurement activities, making audits more straightforward and less time-consuming.
  • Environmental Impact: Supports sustainable procurement practices by tracking and promoting eco-friendly supplier options.
  • User-Friendly Interface: Intuitive design reduces the learning curve, enabling quick adoption and efficient use by all team members.
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  • 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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  • Automated Purchase Orders: Streamlines the creation and approval of purchase orders, reducing manual entry and errors.
  • Supplier Management: Centralizes supplier information, including contact details, performance metrics, and compliance documentation.
  • Spend Analysis: Provides detailed reports and dashboards to track spending patterns and identify cost-saving opportunities.
  • Contract Management: Facilitates the creation, storage, and monitoring of contracts, ensuring compliance and timely renewals.
  • eSourcing: Enables electronic tendering, auctions, and bid management to streamline the sourcing process.
  • Approval Workflows: Customizable workflows for purchase requisitions and orders, ensuring proper authorization and accountability.
  • Budget Tracking: Monitors expenditures against budgets in real-time, helping to prevent overspending.
  • Invoice Matching: Automates the matching of invoices to purchase orders and receipts, reducing discrepancies and speeding up payments.
  • Catalog Management: Maintains an up-to-date catalog of products and services, simplifying the procurement process for users.
  • Integration Capabilities: Seamlessly integrates with ERP systems, accounting software, and other enterprise applications.
  • Audit Trails: Keeps detailed logs of all procurement activities, enhancing transparency and accountability.
  • Mobile Access: Provides a mobile-friendly interface, allowing users to manage procurement tasks on the go.
  • Compliance Monitoring: Ensures adherence to internal policies and external regulations through automated checks and alerts.
  • Supplier Performance Evaluation: Tracks and evaluates supplier performance based on predefined criteria, aiding in decision-making.
  • Custom Reporting: Offers customizable reporting tools to generate insights tailored to specific business needs.
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Product Ranking

#36

among all
Procurement Software

#40

among all
Procurement Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Budget Management Contract Management Dashboard And Reporting Invoice Management Mobile Capabilities Native Integration And Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving And Inventory Management Requisitions Sourcing Spend Management Supplier Management 100 31 100 82 37 60 71 70 75 74 88 64 79 68 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 18 reviews
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85%
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BirchStreet has a 'great' User Satisfaction Rating of 85% when considering 18 user reviews from 3 recognized software review sites.

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Awards

SelectHub research analysts have evaluated BirchStreet and concluded it earns best-in-class honors for Budget Management.

Budget Management Award

No awards.

Synopsis of User Ratings and Reviews

Streamlined Procurement Processes: BirchStreet automates many procurement tasks, such as purchase order creation and invoice processing, which saves time and reduces errors.
Improved Spend Visibility: The platform provides real-time insights into spending patterns, allowing businesses to track expenses and identify cost-saving opportunities.
Enhanced Compliance: BirchStreet helps organizations enforce purchasing policies and ensure compliance with regulatory requirements.
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User-Friendliness: Procol is known for its intuitive interface that's easy to navigate, making it simple for users to perform tasks without requiring extensive training.
Automation: Procol automates repetitive procurement tasks, such as those involved in sourcing, contract management, and invoice processing, which frees up time for more strategic activities.
Customer Support: Procol is highly regarded for its responsive and helpful customer support team, ensuring users receive timely assistance when needed.
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Reporting limitations: Users express frustration with the limitations of the reporting functionality, finding it difficult to extract specific data or customize reports to meet their needs.
System glitches: Users report encountering occasional system glitches or errors that disrupt their workflow and require troubleshooting.
Complex user interface: Some users find the system's interface to be complex and not very user-friendly, requiring extensive training and experience to navigate efficiently.
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Analytics and Reporting: While Procol offers spend analysis, some users desire more advanced analytics features and customizable reporting options for deeper insights into procurement data.
Integration Capabilities: Procol's integration capabilities with other enterprise systems have room for improvement, which can be a drawback for businesses with complex IT ecosystems.
Supplier Onboarding and Training: Some users have expressed a need for better supplier onboarding and training resources to facilitate smoother vendor collaboration and adoption of the platform.
User Interface: Although generally considered user-friendly, some users suggest minor UI improvements, such as better dashboards and color schemes, to enhance the user experience.
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Users praise BirchStreet for its user-friendly interface, robust features, and top-notch customer support. One user raved that BirchStreet is "the best procurement software I've ever used," while another shared that it "saved me hours of time each week." BirchStreet's ease of use is a major selling point, allowing users to quickly adapt to the platform and maximize their efficiency. Users also highlight the software's comprehensive functionality, enabling them to manage purchase orders, track shipments, and cultivate strong supplier relationships, all within a single, centralized system. This streamlines operations and reduces the need for multiple, disparate tools. While specific comparisons to competitors are limited in available reviews, BirchStreet's strengths lie in its user-centric design and comprehensive feature set, making it a compelling choice for businesses seeking a powerful yet intuitive procurement solution. BirchStreet seems to be a great fit for businesses of all sizes looking to streamline their procurement processes and boost efficiency. Its intuitive design makes it accessible to users with varying levels of technical expertise, while its powerful features cater to the complex needs of larger organizations. If you're searching for a procurement software that can simplify your operations and save you valuable time, BirchStreet might just be the ticket. However, remember that software is constantly evolving, so it's always a good idea to check the latest reviews and updates before making a decision.

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Is Procol a procurement pro or does it need to go back to procurement school? User reviews from the last year are largely positive, praising Procol for its user-friendly interface, robust automation capabilities, and stellar customer support. Many users rave about Procol's ability to streamline procurement processes, particularly highlighting its intuitive design that even non-tech-savvy individuals find easy to navigate. For instance, one user mentioned that Procol's readily available templates simplified order creation, while another lauded the platform's ability to transform their archaic, phone-call-reliant procurement process into a transparent, digitized system. However, like any good student, there's always room for improvement. Some users pointed out areas where Procol could level up, such as incorporating more advanced analytics and customizable reporting features. A few users also wished for smoother integration capabilities with other enterprise systems and more comprehensive supplier onboarding and training resources. For example, one user suggested enhancing the platform's visual appeal and dashboard design, while another expressed a need for multi-language support. Overall, Procol seems to be a Dean's List procurement software solution, best suited for businesses looking to ditch manual processes and embrace automation. Its intuitive interface makes it a great fit for teams of all technical abilities, while its robust features can handle even complex procurement needs. However, companies requiring advanced analytics or seamless integration with a diverse range of enterprise systems might need to consider if Procol has reached its full potential.

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