BirchStreet Pay
Streamline electronic payments and payment processing within your procure-to-pay workflow.
Executive Summary
BirchStreet Pay is a core component of BirchStreet Systems' comprehensive procure-to-pay (P2P) platform, specifically designed to facilitate and optimize electronic payments. It aims to modernize and digitize the payment process, moving organizations away from manual methods to enhance efficiency, increase financial visibility, and improve spend control across the entire procurement lifecycle. The solution provides robust tools for processing electronic payments, integrating seamlessly with other BirchStreet modules such as eProcurement, Invoice Management, and AP 3-Way Auto-Match. A notable benefit for customers is the potential to earn cash back, which can effectively offset the costs of utilizing the broader BirchStreet P2P platform, adding significant value. By automating the payment cycle, BirchStreet Pay helps businesses streamline operations, reduce processing errors, and ensure timely and accurate disbursements to suppliers. It supports a more strategic approach to financial management by providing the necessary infrastructure for efficient, compliant, and cost-effective payment processing.
Use Cases
- Automating electronic payments to suppliers and vendors.
- Gaining real-time visibility and control over payment spend.
- Optimizing cash flow through cash back incentives on electronic payments.
- Integrating payment processing with existing ERP and accounting systems.
- Streamlining the entire procure-to-pay workflow from requisition to final payment.
Features
Visibility
- Real-time Payment Status: Track the status of all electronic payments in real-time, from initiation to settlement.
- Comprehensive Spend Overview: Gain a holistic view of all payment-related expenditures across the organization.
Intelligence
- Payment Trend Analysis: Analyze historical payment data to identify trends, optimize payment timing, and forecast future cash flow needs.
- Cash Back Optimization: Monitor and maximize cash back accruals generated through electronic payment processing.
Support
- Dedicated Implementation Support: Receive expert guidance through the implementation process to ensure a smooth and efficient rollout.
- Comprehensive Documentation: Access detailed guides and resources to understand and optimize the use of BirchStreet Pay.
Technical Specifications
- Architecture
- Cloud-native SaaS platform designed for seamless integration with enterprise resource planning (ERP) and accounting systems.
- Deployment
- SaaS
Integrations
- ERP Systems
- Accounting Systems
- GL Systems
- HRIS
- POS Applications
Pricing
- Model
- Transaction-based, with potential for cash back incentives offsetting platform costs.
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About BirchStreet Systems
BirchStreet Systems offers a complete cloud-based procure-to-pay and hospitality operations platform. It helps hotels and restaurants streamline eProcurement, invoice management, inventory, and payment processes.