Remove Accounting Remove Front of House Remove Procurement
article thumbnail

HB Exclusive: Reeco raises $15M for procure-to-pay platform

Hotel Business

An AI-powered procure-to-pay platform designed for the hospitality industrydesigned with help from a former hotelierhas just received funding that it says will help it continue to make the process easier for hoteliers. Over the past year, weve made massive leaps in modernizing purchasing, receiving, inventory audits and accounts payable.

article thumbnail

How to Leverage Data to Optimize Inventory for Profitability

Revenue Hub

NB: This is an article from Craftable Subscribe to our weekly newsletter and stay up to date Optimizing back-of-house processes like procurement and using data to manage current inventory and help predict future trends can help operators control purchase orders, reduce financial risks and anticipate and adjust to future needs based on past trends.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Restaurant Experts’ 2021 Outlook, Part Two

Modern Restaurant Management

The Baby Boomer and the Gen Z user have significantly different usage patterns in a mobile app and UX and UI teams will need to take this into account as digital solutions become commonplace in the shopping experience. John Moezzi, National Account Manager, Sharp NEC Display Solutions. One size doesn’t fit all. For example, BOHA!

article thumbnail

How Dark Kitchen Businesses Can Recoup Their Start-Up Costs and Reach Break-Even Faster

The Restaurant Times

According to industry experts, the dark kitchen model is more cost-effective than front-of-house restaurants. Rather than procuring raw materials on credit from your suppliers, check if they are willing to offer a discount if you make an immediate payment. Implement an Automated Accounting Process.

article thumbnail

Tech-Driven Hospitality Trends to Expect in 2024 and Beyond

Revenue Hub

For example, AI can help procurement software compare environmentally friendly and diverse-owned hotel suppliers and monitor outcomes when investing in these businesses. Automation technologies make a difference in hotel operations and efficiency to streamline back-office tasks such as inventory management, accounting, and payroll processing.

article thumbnail

Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

article thumbnail

NLRB Joint Employer Final Rule and America’s Classics

Modern Restaurant Management

There’s always sinigang; Leila adapts the classic tamarind-sour soup to its Northwest surroundings with salmon collars procured from neighboring fish vendors. Yelp Reservations and Waitlist are helping to optimize restaurant operations by improving front-of-house efficiency.