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Binh Pham

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3 Hospitality Tech Trends You Don’t Want To Miss In 2016

Posted by Binh Pham on

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:

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Topics: Hospitality solutions, Technology trends

Top 10 Reasons Companies Should Automate Expense Management (part 2)

Posted by Binh Pham on

In Part 1 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.

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Topics: Financial Accounting Management Software

Top 10 Reasons Why Companies Should Automate Expense Management (part 1)

Posted by Binh Pham on

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. 

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Topics: Financial Accounting Management Software

How ERP Revolutionises Manufacturing: Problems and Solutions

Posted by Binh Pham on

There is one similar attribute that all best-in-class manufacturers agree: their supply chain, distribution and service standpoint are very easy to work with the help from cloud-based manufacturing applications, especially Enterprise Resource Planning (ERP).

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Topics: Enterprise Resource Planning ERP

The explosion of hardware and software innovation in POS system evolution

Posted by Binh Pham on

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.

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Topics: Retail Management System

Increase customer satisfaction with the innovated POS system

Posted by Binh Pham on

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.

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Topics: Retail Management System

Motivating the Millennial Shopper: The role of technology in making a purchase decision

Posted by Binh Pham on

The millennial shopper has been characterized as an elusive being -- we know they exist, but we seem to have trouble catching them, at least for a prolonged period of time. Predicting their actions is an even greater challenge. As a result, retailers have formed a number of myths around millennial shopping preferences -- some that border on superstition -- and many approach these myths as reality.

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Topics: Retail Management System, Technology trends

Production demand forecasting: How to do it right?

Posted by Binh Pham on

In manufacturing world, several activities, if not all, are based on forecasting for future demands. For this reason, manufacturers have always treated demand forecasting as one of the most important foundations for accurate, timely and effective production.

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Topics: Enterprise Resource Planning ERP

5 metrics for retailers to identify most valuable customers (MVCs)

Posted by Binh Pham on

As a survival factor for any businesses, ‘more customers’ is always the main target for marketers. Hence, many retailers tend to disregard their existing ones. The most common reason is that they don’t recognise who their most valuable customers are. Practically, when acknowledging your top priority customers, you will know who to take special care of.

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Topics: Retail Management System

Common accounts payable problems and the changing role of the accounts payable function

Posted by Binh Pham on

The previous article has emphasised the impacts of AP on vendor relationships, and a well-managed AP can enable companies to take advantage of vendor payments. Findings from an Aberdeen Group survey demonstrate that several other factors encourage companies to focus on their accounts payable, such as a lack of visibility into invoices and AP documents, the high cost of the invoice process, and cash management.

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Topics: Financial Accounting Management Software

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