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Business Wire
02-06-2025
- Business
- Business Wire
Entegra to Drive Greater Savings and Performance Outcomes for Clients With Revamped Procure-To-Pay Solution
NORTH BETHESDA, Md.--(BUSINESS WIRE)--Entegra, the world's largest food group purchasing organization (GPO), announces a revamped, next-generation Procure-To-Pay (P2P) platform, 'EPRO, powered by Entegra', offered in partnership with BirchStreet Systems. The platform will not only enhance and support the procurement processes and operations of Entegra's clients but also provide multiple ordering methods that enhance purchasing controls and improve data transparency. The Entegra team will fully support clients with active onboarding, catalog ingestion, day-to-day account management and support for the P2P platform – making this a truly turnkey solution for finance, procurement and operations teams. EPRO, powered by Entegra, joins a suite of Entegra data and analytics solutions, including its client platform Entegra PurchasingIQ and AI-powered Entegra Shopping Assistant. By leveraging Entegra's full suite of digital solutions, procurement and operations teams can maximize Entegra's entire offering by purchasing more effectively, while gaining greater transparency and enhanced reporting capabilities. 'We recognize that hospitality-driven operations are increasingly under pressure to do more with less. Leveraging Entegra's suite of technology tools, including our new P2P solution, EPRO, powered by Entegra, will enable procurement teams to make better data-driven decisions, drive better purchasing outcomes and support better customer experiences for their operations,' Adrian Cox, SVP, Data Management and Digital Solutions, Entegra. 'As the only complete hospitality operations platform purpose-built for the industry, we're excited to partner with Entegra to offer our P2P solution to its wide range of clients,' said John Fay, CEO, BirchStreet Systems. 'We look forward to continuing our collaboration with the Entegra team to optimize the procurement processes, drive operational efficiency and deliver value to their customers.' Benefits of using EPRO, powered by Entegra Simplify procurement – Reduce manual processes and improve order accuracy Integrate vendor management – Streamline purchasing and payments Improve efficiency – Save time and resources by reducing administrative workload Onboard with ease – Entegra's team of experts supports onboarding with swift catalog intake and seamless, easy workflows Getting started Current Entegra clients can reach out to their respective account managers to get started. Operators who are interested in leveraging Entegra's savings programs and gaining access to efficiency-boosting technology tools may reach out at About Entegra Entegra Procurement Services® is the largest food Group Purchasing Organization (GPO) in the world, with $42 billion in purchasing power and clients at 300,000+ purchasing sites in North America. Entegra supports a wide range of hospitality-driven sectors, including hotels, restaurants, senior living communities, and golf and leisure, by cutting costs on food, supplies, and services and improving operational efficiency overall. A subsidiary of Sodexo, Entegra helps its clients unlock unlimited performance through a comprehensive suite of digital tools, a corporate social responsibility program, and personalized advisory services including culinary consulting and energy management services. To learn more, visit Founded in 2002, BirchStreet Systems is the leading global provider of enterprise procure-to-pay solutions for the hospitality sector. BirchStreet Systems' software platform provides leading global hospitality brands with a full suite of procurement applications, including eProcurement software, accounts payable automation, invoice management, inventory management, recipe management, supplier payments, and reporting and analytics. BirchStreet Systems' customers leverage the company's solutions to access a broad network of suppliers and manage billions of dollars of spend annually across a wide variety of categories, including food and beverage, operating supplies, maintenance services and capital projects. For more information, please visit
Yahoo
02-06-2025
- Business
- Yahoo
Entegra to Drive Greater Savings and Performance Outcomes for Clients With Revamped Procure-To-Pay Solution
NORTH BETHESDA, Md., June 02, 2025--(BUSINESS WIRE)--Entegra, the world's largest food group purchasing organization (GPO), announces a revamped, next-generation Procure-To-Pay (P2P) platform, 'EPRO, powered by Entegra', offered in partnership with BirchStreet Systems. The platform will not only enhance and support the procurement processes and operations of Entegra's clients but also provide multiple ordering methods that enhance purchasing controls and improve data transparency. The Entegra team will fully support clients with active onboarding, catalog ingestion, day-to-day account management and support for the P2P platform – making this a truly turnkey solution for finance, procurement and operations teams. EPRO, powered by Entegra, joins a suite of Entegra data and analytics solutions, including its client platform Entegra PurchasingIQ and AI-powered Entegra Shopping Assistant. By leveraging Entegra's full suite of digital solutions, procurement and operations teams can maximize Entegra's entire offering by purchasing more effectively, while gaining greater transparency and enhanced reporting capabilities. "We recognize that hospitality-driven operations are increasingly under pressure to do more with less. Leveraging Entegra's suite of technology tools, including our new P2P solution, EPRO, powered by Entegra, will enable procurement teams to make better data-driven decisions, drive better purchasing outcomes and support better customer experiences for their operations," Adrian Cox, SVP, Data Management and Digital Solutions, Entegra. "As the only complete hospitality operations platform purpose-built for the industry, we're excited to partner with Entegra to offer our P2P solution to its wide range of clients," said John Fay, CEO, BirchStreet Systems. 'We look forward to continuing our collaboration with the Entegra team to optimize the procurement processes, drive operational efficiency and deliver value to their customers.' Benefits of using EPRO, powered by Entegra Simplify procurement – Reduce manual processes and improve order accuracy Integrate vendor management – Streamline purchasing and payments Improve efficiency – Save time and resources by reducing administrative workload Onboard with ease – Entegra's team of experts supports onboarding with swift catalog intake and seamless, easy workflows Getting started Current Entegra clients can reach out to their respective account managers to get started. Operators who are interested in leveraging Entegra's savings programs and gaining access to efficiency-boosting technology tools may reach out at About Entegra Entegra Procurement Services® is the largest food Group Purchasing Organization (GPO) in the world, with $42 billion in purchasing power and clients at 300,000+ purchasing sites in North America. Entegra supports a wide range of hospitality-driven sectors, including hotels, restaurants, senior living communities, and golf and leisure, by cutting costs on food, supplies, and services and improving operational efficiency overall. A subsidiary of Sodexo, Entegra helps its clients unlock unlimited performance through a comprehensive suite of digital tools, a corporate social responsibility program, and personalized advisory services including culinary consulting and energy management services. To learn more, visit About BirchStreet Systems Founded in 2002, BirchStreet Systems is the leading global provider of enterprise procure-to-pay solutions for the hospitality sector. BirchStreet Systems' software platform provides leading global hospitality brands with a full suite of procurement applications, including eProcurement software, accounts payable automation, invoice management, inventory management, recipe management, supplier payments, and reporting and analytics. BirchStreet Systems' customers leverage the company's solutions to access a broad network of suppliers and manage billions of dollars of spend annually across a wide variety of categories, including food and beverage, operating supplies, maintenance services and capital projects. For more information, please visit View source version on Contacts Media contact Chang 760-424-9624 Irina Jakovlevaijakovleva@ 857-404-5147 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-03-2025
- Business
- Yahoo
Beazley's shares hit record after insurer's profit beat, limited LA wildfire losses
By Yamini Kalia (Reuters) - British insurer Beazley's shares hit a record high on Tuesday after it beat annual pretax profit expectations and estimated its losses from the Los Angeles wildfires would be much lower than its peers. Lloyd's of London insurer also launched a $500 million share buyback. Last year was tough for insurers as large-scale hurricanes in the United States weighed on earnings, while devastating Los Angeles wildfires kicked off 2025 on a sour note. CEO Adrian Cox told Reuters he does not expect the impact from the wildfires to affect Beazley much, but said the rising dangers of climate change will put pressure on the industry and insurers will need to be "very careful" about how they underwrite that. Beazley on Tuesday gave an initial estimate of an $80 million impact from the California wildfires, well below peers which have estimated hits of $100 million-$170 million, including Lancashire, which expects up to $165 million in losses from the destruction to LA. Shares of Beazley rose as much as 3.2% to an all-time high of 923 pence. Analysts estimate insured losses from the wildfires could reach as high as $20 billion, potentially making it the costliest disaster in California's history. Insurers, however, have also profited from higher premiums over the past few years due to inflation and losses stemming from the pandemic, wars and natural disasters, although prices declined in the latter half of 2024. "Our central estimation is that they will go down a little bit again this year," CEO Cox told Reuters. Beazley reported profit before tax of $1.42 billion in the year ended December 2024, up 13% from a year earlier and 9% ahead of consensus, according to Panmure Liberum. Sign in to access your portfolio
Reuters
04-03-2025
- Business
- Reuters
Beazley's shares hit record after insurer's profit beat, limited LA wildfire losses
March 4 (Reuters) - British insurer Beazley's (BEZG.L), opens new tab shares hit a record high on Tuesday after it beat annual pretax profit expectations and estimated its losses from the Los Angeles wildfires would be much lower than its peers. Lloyd's of London insurer also launched a $500 million share buyback. Last year was tough for insurers as large-scale hurricanes in the United States weighed on earnings, while devastating Los Angeles wildfires kicked off 2025 on a sour note. CEO Adrian Cox told Reuters he does not expect the impact from the wildfires to affect Beazley much, but said the rising dangers of climate change will put pressure on the industry and insurers will need to be "very careful" about how they underwrite that. Beazley on Tuesday gave an initial estimate of an $80 million impact from the California wildfires, well below peers which have estimated hits of $100 million-$170 million, including Lancashire (LRE.L), opens new tab, which expects up to $165 million in losses from the destruction to LA. Shares of Beazley rose as much as 3.2% to an all-time high of 923 pence. Analysts estimate insured losses from the wildfires could reach as high as $20 billion, potentially making it the costliest disaster in California's history. Insurers, however, have also profited from higher premiums over the past few years due to inflation and losses stemming from the pandemic, wars and natural disasters, although prices declined in the latter half of 2024. "Our central estimation is that they will go down a little bit again this year," CEO Cox told Reuters. Beazley reported profit before tax of $1.42 billion in the year ended December 2024, up 13% from a year earlier and 9% ahead of consensus, according to Panmure Liberum.
