Gold Standard Methodology

BirchStreet's consulting strategy connects a customer’s existing systems and processes with Procure-to-Pay best practices tailored to meet their specific business needs & objectives

 

Twenty years serving your industry

BirchStreet invites you to take advantage of the best practices and lessons learned by our community.

COMPLIANCE

Improve procurement competency from unit to corporate level

COST AVOIDANCE

Implement advanced spend analysis procedures

SPEND REDUCTION

Develop internal data analysis skills to leverage spend analytics

Hand held scanning

Patented hand held functionality for fast and accurate counting

VENDOR MANAGEMENT

Gain sourcing expertise to qualify vendors and manage over time

INTERNAL CONTROLS

Improved internal controls and cost containment

 

The Gold Standard Components

The Gold Standard's four components help your company reach its business goals with cloud based Procure-to-Pay

DISCOVERY

Identifying unique P2P value proposition in onsite process reviews

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IMPLEMENTATION

System integrations, onsite & webinar training & template data collection

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DOCUMENTATION

Taxonomy glossaries and process flow job aids

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CHANGE MANAGEMENT

Monitor and support P2P transition from current to future state

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The Results Speak For Themselves

Standardizing Procure-to-Pay processes with the Gold Standard Methodology helps your company increase impact

80% +

Compliance rate

7-10%

Overall savings from compliance improvements

20%

Purchasing spend reduction

25%

Reduction in cycle time

 

"The best thing about BirchStreet is actually the colleagues that they have. They're very good at helping us from getting our hotels ready to supplier adoption to training. And when they do training they can speak it in the language of our global hotels."

Anne Hanch, Senior Vice President Global Procurement

 

Gold Standard Case Study

BirchStreet helped a Multi-national company consolidate its global systems, automate its procurement, and implement standardized processes customized for their business

Gold Standard Guide