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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. It saves my team significant time and money, allowing us to focus on creativity instead of vendormanagement.
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. This alliance provides integrated services, integrated support and preferred pricing benefits to enhance the entire customer journey.
In the fast-paced world of food service, vendormanagement is one of the backbones of operations, influencing everything from quality to cost. Effective vendormanagement can lead to better product availability, improved service levels, and enhanced profitability, making it a critical focus for any food service organization.
With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability. Furthermore, restaurant management software helps reduce waste and shrinkage. This allows you to keep track of vendor information, including pricing, terms, and delivery schedules, all in one place.
It simplifies communication with vendors, tracks deliveries, and provides alerts for low stock levels, ensuring timely replenishment of supplies. VendorManagement Effective vendormanagement is crucial for maintaining a reliable supply chain. Budget Consider your budget when choosing your solution.
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