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 /PRNewswire-PRWeb/ -- 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 invoice
image.
"With hospitality facing critical staffing and supply management
issues, it is imperative for best in class technology providers to
work together to streamline processes and deliver efficiencies,"
said Valerie Layman, BirchStreet
Chief Product Officer. "We are delighted to work with Aptech to
bring industry leading integrated P2P and accounting solutions to
all hoteliers."
Twenty Four Seven Hotels is an avid Aptech and BirchStreet user.
The Southern California-based
hotel management company is always improving and innovating for the
good of its guests and associates, and collaborating with business
partners to build lasting relationships that drive efficiency and
effectiveness for its operation. When Twenty Four Seven Hotels
transitioned from Aptech's legacy accounting solution to PVNG for
enterprise accounting, they requested that integration to the
BirchStreet P2P solution be added as part of the process to
eliminate manual entry of purchase orders and invoices.
"Integration between Aptech and BirchStreet has been
instrumental to our performance," said Khanh Tran, Twenty Four Seven Vice President
Finance & Accounting. "Our vendor relationships have greatly
improved now that the accounts payable process and check runs are
fluid. Vendors are being paid on time and our hotels never run out
of the merchandise that our guests demand.
"Eliminating redundancy – like re-keying invoices – saves a lot
of time and it also stops input errors and mishaps with missing
statements," Tran continued. "Everything moves automatically from
BirchStreet into PVNG, and all data is easily accessible via
hyperlink. While invoices still need to be reviewed by the GM's,
tying the two systems together takes the tediousness of researching
and inputting data out of the equation. Both companies are
extremely responsive and worthy of a 10/10 ranking for customer
service. We could not ask for anything better as a hotel
client."
Together Aptech and BirchStreet are enabling hoteliers to:
1. Report spend currently on un-invoiced
purchase orders
2. Control PO's before they go to the
suppliers (cost control through approvals and bid management)
3. Control orders sent to compliant vendors
and products to reduce rogue spending
4. Consolidate suppliers and buyers on the
same ordering platform with visibility to the same products
5. Manage budget and checkbook in real
time
6. Enhance the receiving process to better
manage goods received
7. Access automatic accruals based on goods
received but not yet invoiced
8. Automate the entry of invoice data to
Accounts Payable
9. Leverage approval workflow for invoice
payment process
10. Utilize digital storage of invoice
images with easy search capabilities
11. Increase P&L review efficiency with
drill down from Summary Income Statement to invoice image
"PVNG has become a game-changer in the world of hotel
accounting," said Jill Wilder,
Aptech President. "It features Accounts Payable, Accounts
Receivable, General Ledger modules and more that when combined with
BirchStreet's P2P functionality simplifies payment processes across
the board. Finding technology partners that you can trust is not as
easy as one may think today. Aptech and BirchStreet have the tools
and hospitality longevity our customers expect to ensure
frictionless financial management."
About Aptech
Aptech, based in Pittsburgh,
Pennsylvania, is the only provider of a fully integrated
enterprise accounting, business intelligence and planning ecosystem
to the hospitality industry. All clients are companies like yours,
which own or manage hotels. Its solutions help customers at both
the corporate and property levels understand their financial and
operational data for faster goal achievement. The company is
renowned for introducing business intelligence into the hotel
industry and offers a solid resource of hospitality professionals.
Aptech is an IBM Software Value Plus partner and Premier Solution
Provider, as well as a Prophix Premier Business Partner.
Incorporated in 1970, Aptech's state-of-the-art back office, true
business intelligence and enterprise planning solutions are 100%
hotel specific. Solutions include PVNG, Execuvue® and Targetvue.
Clients comprise over 3,500 properties – including large chains,
multiple-property management companies and single-site hotels.
Execuvue is registered to Aptech. All other trademarks are owned by
their respective holders. For more information, please visit
http://www.aptech-inc.com.
About BirchStreet Systems LLC
Founded in 2002, BirchStreet is the leading global provider of
enterprise procure-to-pay operations solutions for the hospitality
sector. BirchStreet's software platform provides leading global
hospitality brands with a full suite of procurement applications,
including eProcurement software, accounts payable automation,
invoice management, inventory management, recipe management,
supplier payments, and reporting and analytics. BirchStreet's
customers leverage the company's solutions to access a broad
network of suppliers and manage billions of dollars of spend
annually across a wide variety of categories, including food and
beverage, operating supplies, maintenance services and capital
projects. For more information, please visit
http://www.birchstreetsystems.com.
About Twenty Four Seven Hotels
Twenty Four Seven Hotels is a third-party management company that
delivers highly specialized services in hotel operations,
investment and development. Founded in 2004, the company
specializes in the premium brand select-service & lifestyle
segments. The company partners with premium hospitality brands
including Marriott, Hilton, Hyatt, IHG and Choice. Twenty Four
Seven Hotel's current portfolio includes 25 hotels in four states
with approximately 3,200 rooms. For more information on Twenty Four
Seven Hotels, visit http://www.247hotels.com.
Media Contact
Barbara Worcester, Aptech,
4403203366,
barb@prpro4hotels.com, http://www.aptech-inc.com
Irina Jakovleva, Birchstreet
Systems, 949-567-7000,
ijakovleva@birchstreet.net, http://www.birchstreet.net
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SOURCE Aptech