Countless businesses are impacted by COVID-19 around the world. If your business is in the hospitality industry, then chances are your damage is more severe than most. With the restrictions being slowly lifted, many hotel businesses still don’t find themselves fitting in with the “new normal.”

This begs the questions: what really is the new normal for the hotel industry? What are the challenges ahead? And which actions have leading hoteliers taken?

Running a business during the pandemic is already stressful, ensuring its continuity post-pandemic is an even greater challenge that requires careful re-evaluation of the current processes, organisational culture and workforce planning, not just upgrading the IT infrastructure.

A data lake, in essence, is a repository that can store an infinite amount of both structured and unstructured data for later use. In a previous article, we have briefly explained a few noticeable differences between data lakes and data warehouses. Each type of data repository serves a unique purpose. Therefore, instead of replacing one with another, they can be used supplementarily.

To create a positive work environment, your company needs a strong employer brand, an inspiring organisational culture, a clear vision, a well put together strategic plan, and competitive perks and benefits. It is hard work, but worthwhile.  

Inforum 2020 was intended to take place in Las Vegas, but the recent health pandemic completely flipped the plan. Feeling concerned for both participants and its employees, Infor turned the much-anticipated annual event into an astonishing virtual experience in a mere couple of months.

Intercompany Accounting has always been a highly important process for the parent company to get done right. Though expanding the business is seen as a success, managing the accounting and finance side is not an easy job. Companies have always found the work to be significantly challenging and risky, and Intercompany Accounting is one of the top struggles. If done wrong, the company can deal with serious issues and errors in their final financial statements.

Operating a startup is challenging. As a startup owner, you have to wear multiple hats, and the last thing you want to worry about is keeping track of every single receipt. Thus, it is understandable to overlook the accounting function as you are trying to balance your time as much as possible. 

Financial services firms today still face the lingering effects of the latest global financial crisis. What's more, regulatory reform, complex reporting requirements, low interest rates on top of disruptive technologies have forced financial institutions to quickly adopt agile strategies and solutions to stay competitive.

Job interviews are arguably the most beloved employee selection tool. They are so widely used that interviews are synonymous with the hiring process. However, most job interviews are unstructured and prove to be unreliable and ineffective. That is, they fail to predict actual employee performance.

In today’s digital world, data is your most critical asset, and, as such, requires utmost protection from both natural and man-made disasters. This especially holds true for financial data, the blood life of your business. And you cannot do it properly without a disaster recovery plan.