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M3 and Reeco enter strategic alliance

Hotel Business

M3 , a provider of accounting and financial solutions for the hospitality industry, has entered into a strategic alliance with Reeco , an AI-driven procure-to-pay platform in the hospitality industry. The companies celebrated the alliance at an event at the Hunter Conference.

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

Hotel Business

Its unified system integrates key functions such as procurement, inventory management, recipe tracking and accounts payable, enabling users to make purchases from any contracted vendor in just a few clicks. Over the past year, weve made massive leaps in modernizing purchasing, receiving, inventory audits and accounts payable.

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A Case Study for Automating the AP Process

Modern Restaurant Management

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.

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Key Ingredients for Effective Vendor Management in Food Service

Synergy Suite

In the fast-paced world of food service, vendor management is one of the backbones of operations, influencing everything from quality to cost. Effective vendor management can lead to better product availability, improved service levels, and enhanced profitability, making it a critical focus for any food service organization.

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New Year, New Deals: How Smart Operators Keep More Profit

Modern Restaurant Management

Beverage companies like Pepsi and Coke are fiercely competitive when it comes to winning accounts. The key is understanding your value as a customer and being bold enough to negotiate for more. It is not always about high volumes; it is about taking business away from the other. Even if your volume is relatively low, you still have leverage.

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Managing Your Vendor Network: The Key to Economically Sustainable Operations in the COVID Era

Modern Restaurant Management

By centralizing all of your locations under one vendor, you get complete, uncomplicated visibility into exactly what you’re paying for each service at each location. This not only declutters your accounts payable processes, but it ensures that you’re paying for the right services at the right locations at the right price.

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Restaurant Accounting Software: Gain Insight Into Your Financial Operations

Synergy Suite

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.