Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. That's why it's essential for restaurants to consider cyber liability insurance.

POS Systems 203

POS Systems Information Customer Service Budgeting 203

Hotel Business

JULY 9, 2024

Hospitality Ventures Management Group (HVMG) has appointed Ron Fader as SVP, finance & accounting. In his new role, he will work on the hotel day-to-day financial accounting, financial reporting, cash flow planning and management activities.

Accounting 111

Accounting 111

Modern Restaurant Management

JUNE 20, 2023

It means more restaurant businesses now have an online presence. How do you build social proof for your restaurant business? Encourage Customer Feedback on Review Sites Around 94 percent of diners say they would choose a business based on online reviews, including those on review sites. Here are four strategies: 1.

Marketing 203

Marketing Accounting Magazine Events 203

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Accounting 189

Modern Restaurant Management

OCTOBER 25, 2022

As our world becomes increasingly digitized- with the rise of food delivery services, QR Code Menus and online orders- it's more important than ever for restaurant owners and employees to become familiar with the latest threats to their business. QR scams have become particularly prevalent after the onset of the pandemic.

Information 189

Information Accounting Download Server 189

Modern Restaurant Management

JUNE 17, 2022

As a father of four and a multi-unit owner of three Angry Crab Shack locations in Arizona, I know all about what it’s like to run a business with family. You may be hesitant to mix family life with business, but once you find the right balance, you’ll be so thankful you did.

Accounting 197

Accounting Marketing 197

Hospitality Net

NOVEMBER 20, 2024

Aptech, a leading provider of enterprise accounting, business intelligence, financial planning and management solutions for the hospitality industry, today announces that Baymahni Resort in the Bahamas has selected its PVNG accounting solution to manage the resort’s finances through its renovation and construction phase, as well as for ongoing operations (..)

Accounting 105

Accounting Reservations 105

Hospitality Magazine

NOVEMBER 18, 2024

79 per cent of businesses had breached workplace laws varying from failing to pay penalty rates to underpaying minimum wages as well as pay slip breaches. 370 workers now have money back in their pockets as a result of the blitz, which found one business had underpaid 10 workers a total of $65,986.

Accounting 241

Accounting Magazine 241

Modern Restaurant Management

APRIL 22, 2024

Additionally, these schemes are extremely easy to scale up – making them a good basis for a “business.” Not only can fraudulent activities disrupt the customer experience, but they can lead to significant financial losses for both consumers and businesses. more likely to be targeted.

Accounting 203

Accounting Training Pricing Magazine 203

Hospitality Net

OCTOBER 24, 2024

Aptech, a leading provider of enterprise accounting, business intelligence, financial planning and management solutions for the hospitality industry, today announces that B·Hospitality has implemented Aptech’s award-winning enterprise accounting solution, PVNG, at its luxury property, Bayfront Inn 5th Avenue in Naples, Florida.

Accounting 98

Accounting 98

Revenue Hub

NOVEMBER 19, 2024

Myth 1: A Siloed System Is Business Intelligence In the hotel industry, it’s common to use separate systems for reservations, property management, customer relationship management (CRM), and accounting. Some hoteliers believe that the reporting capabilities within these individual systems equate to a comprehensive BI solution.

Guest Satisfaction 107

Guest Satisfaction Reservations Information Article 107

Hospitality Magazine

NOVEMBER 18, 2024

In response to a rapidly changing landscape, evolving legislation, and increasing awareness of workplace challenges, businesses are recognising the critical need to create environments where employees feel safe, supported, and valued. This means fostering a culture where team members can confidently speak up, share ideas, and raise concerns.

Training 246

Training Accounting Communication Workshop 246

Modern Restaurant Management

OCTOBER 16, 2024

These multi-sided businesses are complex and come with their own unique set of fraud challenges. They will create multiple fake accounts in bulk and then sell them to those looking for a discount on food. What are some common fraud activities you are seeing that affect restaurants? In 2023, over 1.5 million restaurants in the U.S.

Accounting 166

Accounting Demo Training Budgeting 166

Modern Restaurant Management

FEBRUARY 12, 2024

The challenge then becomes finding and purchasing a new domain name appropriate for the restaurant, updating all of the collateral branding pieces, online listings, social media, (possibly email accounts) and starting from scratch with SEO. Social Media Platforms Make sure you are granted access to any existing social media accounts.

Accounting 181

Accounting Information Reservations Communication 181

Smart Brief Hospitality

JULY 17, 2024

Business agility is a requirement for survival and growth in today’s market competition. Let’s explore how advanced techniques of data management can help ensure long-term business success and resilience by driving business agility. Agile businesses can pivot their strategies, optimize operations and innovate to stay relevant.

Information 94

Information Marketing Customer Service Accounting 94

Modern Restaurant Management

AUGUST 27, 2024

Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. If your restaurant has unusual expenses compared to similar expenses, keep additional records supporting the business use of the expenses. Reconcile your bank accounts and credit card/merchant service statements monthly.

Accounting 188

Accounting Document Information Book 188

Boutique Hotel News

JUNE 14, 2023

Our clients central accounts office is based at the resort and there are several large office areas located on the ground floor of the hotel that are currently non-income generative and could be reconfigured to provide additional guest bedrooms and food & beverage areas.

Marketing 246

Marketing Catering Accounting 246

Modern Restaurant Management

AUGUST 16, 2024

One of the more popular solutions to helping a business thrive is dual pricing credit card processing. Dual pricing is a payment model that allows businesses to implement two different prices for credit card transactions. Consumers who use cash ultimately help the business reduce transaction fees without even knowing.

Pricing 170

Pricing POS Systems Accounting Presentation 170

Modern Restaurant Management

SEPTEMBER 13, 2023

They often have to rely on historical data to forecast customer demand, and typically can’t take into account the impact of weather and other local events on demand. For restaurants, staffing shortages have proven to have adverse effects on the business’s bottom line.

Scheduling 208

Scheduling Accounting Communication Server 208

Revenue Hub

OCTOBER 17, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date The rack rate establishes a clear ceiling price, providing hotels with a strong starting position in negotiations with various client segments, from corporate accounts to event planners.

Events 101

Events Pricing Accounting Article 101

Modern Restaurant Management

JUNE 21, 2022

As cash intensive businesses (CIB), food and beverage businesses have historically been sites of fraud. Yet, as such businesses move their sales, ordering, operations, and bookings online, the rates of fraud have only increased. Their transactions, if irregular, will be analyzed and their accounts suspended.

Accounting 211

Accounting Presentation Book Marketing 211

Modern Restaurant Management

MARCH 15, 2024

90 percent of restaurant operators are small businesses, competing for every dollar they earn. These small businesses must be aware of the options they have when it comes to choosing a payment processor to handle these interchange fees and make sure they do not rack up and instead help a restaurant owner keep their doors open.

Customer Service 196

Customer Service Pricing Accounting 196

Horizon Hospitality

JUNE 6, 2023

Ironically, most hospitality businesses do not calculate turnover, nor look at it as an “expense area.” Most see it as just the “cost of doing business.” The fact is that hospitality businesses should be consistently monitoring their employee turnover – both financially and operationally!

Accounting 246

Accounting Pricing Hospitality Management Information 246

Modern Restaurant Management

SEPTEMBER 26, 2023

Credit card numbers and other information can be exposed during data breaches or through an account takeover (ATO), where they are posted or sold for hackers and other bad actors who get access to the information. In addition, businesses and food delivery apps should be on the lookout for suspicious activity to avoid CNP.

Accounting 197

Accounting Information Presentation Marketing 197

Modern Restaurant Management

MARCH 14, 2023

In this time of economic insecurity, payments fraud has the potential to hit businesses harder than ever before. The last thing businesses need during a period of economic certainty is to lose profit unnecessarily. Businesses want to turnover healthy volumes of cash-flow, regardless of the wider economic climate.

Procurement 194

Procurement Accounting Catering Presentation 194

Modern Restaurant Management

JUNE 4, 2021

Understandably, the top six search results are the most coveted rankings for any business and are commonly referred to as the Google Six Pack. Implementing SEO strategies aimed at vaulting into the Google Six Pack can help restaurants increase visibility, remain competitive and attract business. Last year alone there were 6.9

Blog 231

Blog Information Book Reservations 231

Modern Restaurant Management

SEPTEMBER 8, 2023

Restaurants and other food businesses must prioritize building and maintaining a strong food safety culture to mitigate these risks. Internally, trust fosters a sense of accountability and responsibility throughout the organization from the top down. In addition, trust can help boost employee retention and reduce turnover.

Communication 208

Communication Training Accounting Information 208

Modern Restaurant Management

OCTOBER 18, 2023

Through tech, business owners and managers can begin with clear expectations up front, whether that’s providing an online checklist, instructions or video onboarding. In order to let employees truly thrive and grow, feedback and accountability must also be present.

Communication 178

Communication Accounting Scheduling Presentation 178

Modern Restaurant Management

JANUARY 23, 2024

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 Given its expanding market share, it’s become increasingly critical for businesses to plan for and be aware of some of the industry’s greatest risks of disruption.

Procurement 197

Procurement Accounting Marketing Training 197

Modern Restaurant Management

MARCH 1, 2023

Those areas of your restaurant that aren’t typically seen by customers but directly impact your business. So, even if your customers are unaware of what’s going on behind the scenes, any operational inefficiencies will eventually surface – with potentially dire consequences for your business.

Back of House 171

Back of House Front of House Accounting Budgeting 171

InnQuest

NOVEMBER 30, 2022

Modern, tech-based solutions are facilitating businesses in the hospitality industry to streamline their operations, boost productivity and enhance the overall guest experience – all at a cost-effective rate. One such facet of business that has seen phenomenal growth in recent years is how payments are processed. billion by 2030.

Travel and Tourism 217

Travel and Tourism Demo Pricing Accounting 217

Hospitality Magazine

AUGUST 21, 2024

Business owners must provide the document to new casual employees before or shortly after they have commenced employment. Employers need to issue the statement to existing casual employers after 12 months of employment (small businesses) and after six and 12 months of employment, followed by every 12 months (other employers).

Definition 238

Definition Document Information Accounting 238

STAAH

OCTOBER 10, 2024

A Bit About Jayvee’s Career Journey: Jayvee Gabon began his career in hospitality at Best Western Plus Lex Cebu, where he started as a Sales & Banquet Executive before being promoted to Sales Accounts Executive.

Business Development 113

Business Development Book Accounting Presentation 113

Modern Restaurant Management

MARCH 27, 2023

This means that businesses across the board will need to get better at operating in a more sustainable fashion. Meat production, in particular, is known for being bad for the environment, accounting for as much as 18 percent of the world's greenhouse gas (GHG) emissions. How can I measure my business’s carbon footprint?

Accounting 180

Accounting Information Definition 180

Modern Restaurant Management

JULY 28, 2022

Customer data is only one segment of the information you need for good sales insights, marketing information, and business analytics. Behavioral information is data you’ve gleaned from customer interactions with your business. Any time a customer interacts with your business, data is created. Phone Number. Online Ordering.

POS Systems 208

POS Systems Information Accounting Reservations 208

Modern Restaurant Management

DECEMBER 12, 2022

However, much changed for food service businesses throughout the peak of the pandemic. During lockdown periods, food service businesses were forced to adapt or die. This exposed restaurants to a much higher number of “card not present” transactions, which account for 80% of card fraud losses.

Presentation 218

Presentation Accounting Events Information 218

Modern Restaurant Management

APRIL 13, 2023

Matt Ogle, the AP and Vendor Manager for Montana Brands Management (MTB) , a fast-growing Taco Bell franchisee in Western Montana, is responsible for all accounts payables and vendor management for 12 Taco Bell stores and the management entity. This is how they made the investment to automate their AP system.

Vendor Management 173

Vendor Management Accounting Demo Document 173