The BirchStreet Executive Dashboard suite includes Spend Visibility Dashboard, Compliance Dashboard and Data Management Services (DMS) to provide businesses valuable insight into locational spend, purchasing compliance rates, cost reduction areas and profitability. These services enable enterprise and property level professionals to optimize spend management by increasing spend compliance and reporting.
The Spend Visibility Dashboard provides real-time, easy to use insight into property spend metrics by category and time period for all purchases made through the BirchStreet Platform. These customizable data visualization tools provide users with the ability to make better purchasing decisions and to detect how and where budgets are spent. Spend categories can be viewed at any level of the enterprise or at a specific property, or can be drilled down into specific product category types with purchasing details.
The Compliance Dashboard tool is designed to help users make better purchasing decisions and increase profitability by flagging the right products and suppliers. When paired with BirchStreet’s Data Management Services offering, customers are relieved of the labor-intensive maintenance of product information management, data crunching and reporting that is often associated with this depth of insight into spend data.
Monitoring spend compliance for all purchasing through BirchStreet can boost profitability by ensuring users buy the right products from the right supplier at the contracted price. This is especially important if customers are using a Group Purchasing Organization (GPO) that leverages buying power to capture program discounts and rebates for purchasing certain items. Customers can obtain maximum rebates if purchases are made within the GPO’s programs, which are typically 15-20% below “street” pricing. Gaining full spend visibility and the tools to measure compliance, helps hospitality organizations maximize the utilization and pricing advantage of pre-negotiated contracts, as well as monitor their spend management Key Performance Indicators (KPIs).
The BirchStreet Executive Dashboards offer enterprise customers an intuitive and customizable platform with multiple fields such as period, category, region, brand, manager name, total spend and non-compliance. There are color-coded compliant spend alerts created to provide graphical, easy to track compliance KPIs, such as 90% or greater, 80% or greater and below 80%. To obtain more granular detailed product-level compliance data, users can use the dashboard to drilldown into each item.
In addition, for those customers looking to outsource the monitoring and cleansing of their product data and compliance activities, BirchStreet’s DMS will not only map product and supplier information, it can create reports to gauge spend improvements and uncover compliance gaps. By uncovering non-compliant items, BirchStreet’s DMS gives its customers visibility into their spending activities and provides the tools needed to improve purchasing behavior for major impact items. The BirchStreet DMS team uses the system’s sophisticated BI and reporting functionality to sift through all expenses and expose gaps.
BirchStreet Executive Dashboard features include:
- Easy to use and customized dashboard with fields such as period, region, brand, manager, total spend and non-compliance items
- Color-coded compliant spend reporting shows compliance levels >90%+, >80%+ and <80%
- Drilldown functionality into product details
- Chart or grid views of compliance activity
- Tool to create “Rules” and item mapping
- Includes data purchased from all suppliers
- Customer Admin accessibility
- Add-on: Data Management Services
Spend Visibility Dashboard
- View spend category amounts and percentages to better evaluate suppliers, price breaks, incentives, discounts and more.
- Drilldown into product or service category data with accurate spend tied to purchase orders and invoices
- Spend and Category Reports
- Add-on: Data Management Services
Data Management Services (DMS) is available to manage any data, map products and monitor compliance.