B2B Payments

BirchStreet And BancTec Have An Automated Solution For You

Working mainly in the hospitality industry by providing cloud platform for eProcurement and Procure-to-Pay options, BirchStreet Systems entered into a partnership agreement with BancTec to sell BancTec’s invoice processing service.

According to a company press release, BirchStreet will be reselling BancTec’s invoice processing capabilities, which includes receipt, open, prep, scan and data capture.

BirchStreet VP of Sales and Marketing Bill Hirsch explained in a statement that “eInvoicing and automated payments are among the most demanded functionality in procure-to-pay today, with a measurable ROI due to the reduction of labor and process cost and overall process efficiency and improvements.”

Hirsch added that his firm has worked with BancTec for several years and have been integrating in their customers as well. According to Hirsh: “There is no hotel management company or enterprise hotel that will not benefit from e-invoicing in the near future.”

BancTec executive vice president and president of Americas Maria Allen also praised the partnership, and explained that BirchStreet clients will be able to automate and optimize the full accounts payable process by leveraging BancTec’s invoice processing service.

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