Point of Sale (POS) is going through rapid change driven by emerging technology trends and innovations. In the last post, we discussed the explosion of hardware and software innovation and its impacts on this evolution. In this post, we will introduce one more critical part and its impact in POS innovation.
Executing an ERP implementation project is among the most expensive, time-consuming and complicated tasks an organization can take on. Delays or unexpected expenses are a risk at all times. To avoid these costly mistakes, having a good plan right from the start is necessary. This series will provide you with step-by-step guidelines for preparing an ERP implementation.
In our latest blogs, we have discussed the essential role and financial benefits of accounts payable management to the retailing industry. Accounts payable automation, workflow, and e-invoicing have for long been a solution for common AP problems due to human errors. Despite the fact that AP automation can improve accounts payable and financial management significantly, many companies are still applying manual entry.
In the last post, we have discussed 2 keypoints that you must do before choosing a proper ERP system for your business. Today, we will have a look over the last 3 things should be in your check lists.
Along with the emerging trends in technology, Point of Sale (POS) is thought to be also going through a profound transformation. New trends such as intertwined drivers of mobile devices and sensor proliferation, the transition of back-office systems to the cloud, the demand of enhancing customer experiences, etc., have led to changes in consumer behavior.
Whether you have already implemented an Enterprise Resource Planning (ERP) system or not, you always need to prepare big time for it. Every concern should be put up for consideration: who is the right vendor for your ERP system, what questions should be asked and how to eventually make your project successful when you start planning.
Topics: ERP solution
Many companies, especially ones in retailing industry—where accounts payable (AP) transactions with sellers and suppliers are significantly critical to business—have been investing in e-invoicing and accounts payable automation as an proactive approach to address those AP problems caused by traditional manual entry.
Recent research by Anaplan, an expert on modelling and planning finance, sales and operations platforms, states that currently, Asia Pacific’s CFOs are still experiencing difficulties with spreadsheet usages in financial planning and budgeting. In addition, there was a relatively low satisfaction level with the accuracy, timeliness and ease of Excel use for planning and budgeting.
As discussed in the latest blog, 3 ways to increase profits in hospitality management were matching staffing levels to demand; utilising the value of your inventories and understanding ROI of Marketing. Now let’s uncover part 3, which is the last one of the series 9 ways to increase your hotel profits.