{"id":308401,"date":"2020-10-01T11:58:06","date_gmt":"2020-10-01T18:58:06","guid":{"rendered":"https:\/\/www.yardi.com\/?post_type=yardi-testimonials&#038;p=308401"},"modified":"2022-05-10T15:19:46","modified_gmt":"2022-05-10T22:19:46","slug":"bh-management-on-procure-to-pay-suite","status":"publish","type":"yardi-testimonials","link":"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/bh-management-on-procure-to-pay-suite\/","title":{"rendered":"BH Management on Procure to Pay Suite"},"content":{"rendered":"<div class=\"uk-container-expand uk-cover-container uk-height-medium uk-background-secondary uk-light uk-margin uk-flex uk-flex-center uk-flex-middle\">\n    <div class=\"uk-position-cover uk-background-image uk-background-cover uk-flex uk-flex-center uk-flex-middle\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/generic\/7.jpg);\">\n    <div class=\"uk-width-4-5 uk-margin-auto uk-grid\">\n        <div class=\"uk-width-1-1 uk-width-auto@m uk-text-center uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small\" style=\"border:4px solid #fff;\">\n            <p class=\"uk-h2 uk-text-bold\">Client Success<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-visible@m\" style=\"border:4px solid #fff; border-left:0px; min-width: 200px;\">\n            <p class=\"uk-h2 uk-text-bold\">BH Management Services<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-hidden@m\" style=\"border:4px solid #fff; border-top:0px; min-width: 200px;\">\n            <p class=\"uk-h3 uk-text-bold\">BH Management Services<\/p>\n        <\/div>\n    <\/div>\n    <\/div>\n<\/div>\n<div class=\"uk-container-large uk-margin-auto uk-padding-small uk-padding-remove@m\">\n<!-- breadcrumbs & download link -->\n        <div class=\"uk-align-left\">\n        <p class=\"uk-text-small\" id=\"breadcrumbs\"><span><a href=\"https:\/\/www.yardi.com\/\">Home<\/a> \u00bb <span>\n            <a href=\"https:\/\/www.yardi.com\/about-us\/success-stories\/\">Success Stories<\/a> \u00bb \n            <span class=\"breadcrumb_last\" aria-current=\"page\">BH Management on Procure to Pay Suite<\/span><\/span><\/span><\/p>\n        <\/div>\n        <div class=\"uk-text-right\">\n            <p class=\"uk-text-small\" ><a href=\"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/bh-management-on-procure-to-pay-suite\/?format=pdf\" target=\"_blank\" class=\"uk-link-text\">view\/download the pdf<\/a><\/p>\n        <\/div>\n<\/div>\n<div class=\"uk-clearfix\"> <\/div>\n\n<div class=\"uk-container-expand\">\n    <div class=\"uk-grid uk-grid-collapse uk-overflow-hidden\" uk-grid uk-height-match>\n        <div class=\"cmw-hm uk-width-2-3@m\">\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div uk-slider=\"center: true\">\n                    <div class=\"uk-position-relative uk-visible-toggle\" tabindex=\"-1\">\n                        <ul class=\"uk-slider-items uk-padding-horizontal uk-child-width-2-3@s uk-grid\">\n                                                                                    <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">VendorCafe enables full transparency with our vendors and has allowed us to collaborate closely with them while continuing to facilitate social distancing.<\/p>\n                                        <footer class=\"uk-text-right\">Krystin Reuter, Director of Strategic Sourcing<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                        <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">We can focus on core competencies more because we spend less time entering invoices. Vendors tell me how much they love e-invoicing and how much time it saves them.<\/p>\n                                        <footer class=\"uk-text-right\">Krystin Reuter, Director of Strategic Sourcing<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                                                <\/ul>\n                        <a class=\"uk-position-center-left uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-previous uk-slider-item=\"previous\"><\/a>\n                        <a class=\"uk-position-center-right uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-next uk-slider-item=\"next\"><\/a>\n                    <\/div>\n                    <ul class=\"uk-slider-nav uk-dotnav uk-flex-center uk-margin\"><\/ul>\n                <\/div>\n            <\/div>\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Company<\/h3>\n<p class=\"uk-margin-remove\">Founded in Des Moines in 1993 by Harry Bookey, BH Companies has grown to become one of the largest multifamily management firms in the nation through its commitment to building value for residents, owners and employees. The company ranks #9 on the NMHC\u2019s list of largest property management companies in the US and #2 on MHN\u2019s list of Top 30 Property Management Companies. Today, Bookey continues to lead the firm, serving as inspiration for its 3,000+ employees and embodying the company&#8217;s principles of investing in employees and going above and beyond to satisfy customers.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Challenge<\/h3>\n<p class=\"uk-margin-remove\">At the time BH Management launched their initiative to go entirely paperless, they were not processing any invoices electronically. BH was either completing time-consuming manual entry or scanning invoices into a separate system before processing them for payment. They needed a way to streamline invoicing and payments in a single environment. In addition, the BH team realized there was a need to improve their online ordering, as various departments were creating multiple accounts with different platforms for purchasing.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Solution<\/h3>\n<p class=\"uk-margin-remove\">BH Management began implementing the Procure to Pay Suite with Yardi PayScan in 2015. The solution provided them with a streamlined way to process invoices electronically, approve invoices faster and eliminate manual errors. Success with PayScan led BH to adopt Yardi Marketplace the following year, allowing them to standardize purchasing with a comprehensive online catalog and simplified shopping process. Finally, in 2017, BH went live on VendorCafe, the final piece to achieving their paperless goal. BH could now leverage online vendor onboarding, simplify communications and gain real-time visibility with vendors. <br><br>In the two years following BH Management\u2019s implementation of PayScan, their electronic invoice processing went from 0% to 64%. Following a strategic focus to onboard as many vendors as possible into VendorCafe, electronic invoice processing quickly increased to 95% in a single year. In 2020, BH Management reported that the time from purchase order creation to invoice creation was 10 days faster on average, and the time from purchase order creation to invoice payment was eight days faster on average.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Story<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Eliminating Paper with a Single System<\/p>\n<p class=\"uk-margin-remove\">Using the Procure to Pay Suite has changed how BH Management oversees a wide portfolio across many different U.S. markets. BH leveraged fully electronic platforms for payment processing and invoice approval, vendor onboarding and MRO purchasing. Their use of Procure to Pay has led to centralizing their accounts payable department, allowing local employees to focus on more strategic initiatives rather than keying invoices. <br><br>Successfully using PayScan led the BH team to expand to Yardi Marketplace and VendorCafe, as well. \u201cThis was one of the main pieces to our paperless initiative, as well as quicker payments to vendors, which was a result of improved visibility. We really just wanted to have everything more automated,\u201d said Krystin Reuter, director of strategic sourcing for BH. <br><br>VendorCafe has become an easier sell to vendors, not only because it\u2019s a free platform, but because they save significantly on stamps, paper, ink, envelopes and other materials, as Reuter explained. BH set up an integration on their website specifically highlighting a tab to VendorCafe with all the pertinent information they\u2019d need for credentialing and quick, automated approval. Reuter credits this simplicity with the large spike in enrollment. \u201cWith all the no-contact and distancing efforts in place now, we were lucky to be ahead of the curve in that regard,\u201d Reuter said. <br><br>Success with electronic invoicing and Procure to Pay has also impacted resident satisfaction, freeing onsite operations staff to focus more on resident services and retention. There are fewer vendor calls regarding invoice payments, as they have direct visibility to payment timelines, which in turn leads to more time to handle prospect and resident calls. <br><br>BH plans to continue its focus on paperless initiatives, as well as streamlining and standardizing onsite processes with efficiency and accuracy. BH will continue discovery on system enhancements, product choices and functionality for the best resident, employee and vendor experiences.<br><br><\/p>\n<\/div>            <\/div>\n            <div><\/div>\n\n\n        <\/div>\n        <div class=\"cmw-hm-target uk-width-1-3@m uk-flex-first@m\" >\n\n            \n            <div class=\"uk-display-block uk-width-1-1 uk-padding-remove uk-height-1-1 uk-margin-remove uk-cover-container\">\n                <div class=\"uk-position-cover uk-background-image uk-background-repeat\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/plus_dark_tileable.png);\"><\/div>\n                <div class=\"uk-position-relative uk-margin-left\">\n                    <div class=\"sidebar-inner uk-width-2-3@l uk-float-right uk-margin-small-right\">\n                        <p class=\"uk-text-muted uk-margin\">Overview<\/p>\n\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Markets<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                                                                    <li>Multifamily<\/li>\n                                                            <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Portfolio<\/p>\n                                <p class=\"uk-margin-remove\">Over 300 properties across the U.S.<\/p>\n                            <\/div>\n                                                                            <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Client Since<\/p>\n                                <p class=\"uk-margin-remove\">2005<\/p>\n                            <\/div>\n                                                <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Product Highlighted<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/yardi-procure-to-pay\" target=\"_blank\" >Procure to Pay Suite<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Additional Products<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/yardi-payscan\" target=\"_blank\" >PayScan<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-marketplace\/\" target=\"_blank\" >Marketplace<\/a><\/li>\n                                                            <li><a href=\"\/products\/vendorcafe\" target=\"_blank\" >VendorCafe<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">The Benefits<\/p>\n                                <p class=\"uk-margin-remove\">The Procure to Pay Suite allowed BH Management to deliver up to 95% of their invoices electronically, saving time and money.<\/p>\n                            <\/div>\n                                                                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">About BH Management Services<\/p>\n                            \n                                <p class=\"uk-margin-remove\"><a href=\"http:\/\/www.bhmanagement.com\" target=\"_blank\" rel=\"noreferrer noopener\">bhmanagement.com<\/a><\/p>\n\n                                                    <\/div>\n                                                <div class=\"uk-margin\">\n                            <a class=\"uk-button uk-button-default\" href=\"\/about-us\/request-information\">Request Info<\/a>\n                        <\/div>\n       \n             \n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    \n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":174,"template":"","yardi-market":[],"yardi-product":[1533],"class_list":["post-308401","yardi-testimonials","type-yardi-testimonials","status-publish","hentry","yardi-product-procure-to-pay"],"yoast_head":"<!-- This site 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