BirchStreet Operational Insights is an interactive reporting and analytics utility tool that helps platform users gain direct savings from limiting invoice touch.
Confirming and Late PO rates
Non PO Invoice rates
“Straight Through” or “No Touch” Invoice rates
See invoices by source (eg, IMS, OCR, EDI, Manual Entry)
EDI invoice error rates
Savings = $$$
A customer who improves their straight through processing rate from 50% to 75% and processes 1,000,000 invoices per year could save an average of $500,000 per year in invoice handling costs.
The implementation of BirchStreet in our properties around the globe has created improvements in our control procedures, supplier management, spend analytics, shared services activities and, not to be underestimated in terms of its impact, a heightened awareness amongst all users of the impact of their procurement activities.