Technology is still developing at a fast-moving pace, some has positively changed the way hospitality operates. However, it’s challenging for Hotels, service providers and hospitality-related services to keep up with these rapid changes and innovation. If you don’t want to be an outsider to these technology changes impacting the hospitality industry, then read these top 5 technology inventions:
Identifying the trends of our own industry in the year to come is very important. Technological trends that will significantly influence the industry are shaping the industry and forcing companies either to adopt the changes or be left behind. The hospitality industry is no exception, the top 3 technology trends you need to watch out for in 2016 are:
On March 2015, Infor, the industry cloud company, introduced The Water Cooler, a quarterly publication for SunSystems customers. In this publication, Infor will update information about their product: highlights, tips & tricks, information pertaining to their top Knowledge Base articles, technology, strategy, questions (provided by customers) and answers (provided by the company) and much more.
In Part 1 (hyper link) of this article, you heard the first 5 reasons why you should automate (and update / upgrade) your expense management system, here are the remaining 5.
Topics: Expense management
Living green is not a new concept for people today. But how about green business? Do you know how much office costs you can cut when your office/ business goes green? Green business will not only help you cut down office costs but also gain a positive reputation and image for your company. Then why not start now?
Still claiming expenses via paper, spreadsheet, out-dated legacy or in-house system? Isn’t it time to look back on such traditional ways with nostalgia because here are 10 reasons why expense management should be automated right away, you don’t need to even be that big a corporation as the benefits are hard to ignore.
Topics: Expense management
Does your business require your employees to travel? If so, a well-written travel policy will be an essential item to help your company control and manage business travel expenses. Reviewing it frequently, at least once a year, will ensure policies adapt to your business growth and changes. This way you can make sure your dedicated travellers get what they need to drive business results without too many expenses.
Here are five things to consider when creating or updating your company travel policy.
The management of Employee Expenses has become one of the top corporate governance items in the wake of the many scandals making headline news.
Recent legislation focuses on what employees spend and why, so keeping clear, accurate and detailed records plays a critical part in order to handle any future audit of compliance or taxation authorities successfully.
With these reasons in mind, choosing an expense management system becomes important to ensure that the policies and record keeping are well managed. Here are the Top 5 most useful ways a company can manage employee expenses, based on feedback from companies using Systems@work.
As your company continues to grow it’ll soon be time to select a solution to tackle and solve your expense management issues. Once you get to this point in time the challenge is what exactly do you look for when selecting an expense management solution?
According to a study conducted by the Association of Certified Fraud Examiners, expense claim fraud takes 24 months to detect, makes up nearly 15 percent of schemes involving the fraudulent disbursement of cash and has a median loss of $26,000.
How about your business? Do you know how to recognize whether your employees are being fraudulent?
Here are 6 signs to look out for: