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The Top 7 Pain Points in Hospitality Procurement and How to Overcome Them
Opinion

The Top 7 Pain Points in Hospitality Procurement and How to Overcome Them

Siloed and fragmented procurement software often complicates the procure-to-pay process. Outdated solutions are typically expensive, inflexible, and inefficient, yet many organisations persist in using these antiquated systems. This reliance on old-...

Johannes Vocke
Johannes Vocke
Chief Financial Officer at FutureLog
FutureLog AG
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Finance
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Information Technology
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Johannes Vocke
by Johannes Vocke
24 July 2024FutureLog AGFinance
The Top 7 Pain Points in Hospitality Procurement and How to Overcome Them
Performance

UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles

In the last 12 months, company insolvencies have increased in the hospitality sector more than in any other sector, according to the latest insolvency figures for England and Wales. In fact, the sector comprises 16% of all recorded company insolvenc...

PKF - Hotel Consultancy Services (UK)
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Finance & Accounting
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Markets & Performance
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UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles19 July 2024PKFFinance
UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles
Supplier News

Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels

Aptech has teamed with BirchStreet Systems to deliver efficiency and automation where it is most needed – the procure-to-pay (P2P) process. Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting an...

Aptech Computer Systems Inc
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Finance
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Property Technology
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Finance & Accounting
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Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels17 July 2024AptechFinance
Aptech Teams with BirchStreet Systems to Bring Procure-to-Pay Processing to Twenty Four Seven Hotels
Opinion

Should restaurant owners encourage customers to pay by credit cards?

A recent discussion on LinkedIn prompted this post. There is a noticeable and growing trend to charge customers paying by credit card an additional fee. Yesterday, the restaurant I had lunch at, had a 4% surcharge if you paid by credit card. Last we...

Max Starkov
Max Starkov
Hospitality & Online Travel Tech Consultant
NYU
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Food & Beverage
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Finance & Accounting
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Max Starkov
by Max Starkov
12 July 2024NYUFinance
NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism
HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)
Press Release

HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)

A newly-revised edition of the Uniform System of Accounts for the Lodging Industry (USALI™) is now available, published by Hospitality Financial and Technology Professionals (HFTP®). The publication is available for purchase and download here.

Hospitality Financial and Technology Professionals (HFTP)
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Finance
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Lodging Industry
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HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)11 July 2024HFTPFinance
HFTP, AHLA and GFC Unveil Groundbreaking 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI™)