Founded in 2002, Newport Beach, CA-based BirchStreet Systems automates the business and operational process called procure-to-pay. The company offers a multi-tenant cloud solution for eProcurement, Accounts Payable Automation (3-way match automation), Inventory Control, Recipe Management and Capital Projects for businesses around the world. The SaaS solution improves visibility and control over supply chain and back-office operations. The platform and technology connects thousands of businesses in over 100 countries with a network of more than 345,000 suppliers to gain greater efficiency, increase transparency, create accountability, strengthen financial controls, and reduce compliance gaps resulting in significant business process improvements (BPIs) and real supply cost savings.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/12/18 | undisclosed | Minority Growth |
Serent Capital | undisclosed |
