BirchStreet is thrilled to promote and congratulate enterprise customer Starwood Hotels & Resorts success from using BirchStreet’s Procure-to-Pay Platform. Hospitality Technology awarded Starwood Hotels & Resorts Worldwide as an “Enterprise Innovator” for its development of a global standard for a hotel-based electronic procure-to-pay system. The endeavor was undertaken in order to enable consistent and efficient spend visibility, financial controls, accounts payable automation, information technology support, supplier tracking, and overall hotel operations. This entailed consolidating information from more than 12 different systems globally into one cloud-based system. Just one year into the anticipated three years it will take for full deployment, the company is already forecasting metrics of productivity gains between 10% and 30%, a 25% reduction in cycle time and 30+% invoice process efficiencies.
“Starwood Hotels & Resorts is honored to be recognized by Hospitality Technology for its successful efforts and achievements in creating and implementing a global standard for a hotel-based electronic procurement to pay system,” said Tad Wampfler, senior vice president and chief chain supply officer with Starwood. “By leveraging the collective strength of the Starwood System — linking finance, procurement, operations and business intelligence — Starwood’s Procure 2 Pay Solution enables our hotels to run robust reports to enable better and faster decision making.” BirchStreet is honored to have been selected as Starwood’s P2P brand standard worldwide and looks forward to continuing our strong partnership.
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