The hospitality industry will likely never be the same again. This isn’t necessarily bad news, though. Right now, industry leaders are thinking about how to evolve their businesses—embracing innovation and planning ways to ensure stability and long-term success.

Planning, Budgeting, and Forecasting (PB&F) is one of the three management processes that constitute Enterprise Performance Management (EPM). We have presented the basic principles of EPM and its other two components in a previous post. In this article, we will dive deeper into the PB&F process and discuss the similarities and differences among financial planning, budgeting, and forecasting.

Infor has just been listed on the prestigious Constellation Research ShortList, securing not one, not two, but three coveted spots, which are for Services-Centric Cloud ERP, Configure-Price-Quote (CPQ), and Enterprise Application Platforms (EAP).

Implementing new software can be a daunting task, especially when it comes to financial management in hotel businesses. However, with the right precautions and strategies in place, the process does not have to be overwhelming.

In a world of constant change, the importance of leadership in business success is among a few things that will always hold.  What may evolve, however, are how effective leadership is defined and which competencies of leaders and managers matter the most.

One’s mindset is defined as the perception of achieving goals in both the professional and personal lives. In other words, a mindset helps define one’s personality. It reflects the way an individual views and acts toward life, how they perceive success and failure, as well as determining their emotional, cognitive, behavioural and neural responses to these experiences.

Read more: What is a Growth Mindset?

Our mindset, which reflects our beliefs and attitudes towards our abilities, is a powerful determinant of our behaviour and influence on others. Extensive research has shown that our mindset plays a crucial role in shaping our future success. Essentially, our beliefs can be the driving force behind our achievements or the obstacles that hold us back.

Data plays a vital role in empowering leaders to not only stay informed about their current financial performance but also contribute to financial planning and analysis, as well as ensure businesses maintain compliance.

In the rapidly evolving landscape of the technology sector, staying ahead requires more than just cutting-edge products and services; it demands innovative and strategic marketing approaches. Inbound marketing has emerged as a transformative methodology, revolutionising the way technology companies attract, engage, and retain their target audience.

With the surging exposure and familiarisation of digital technologies in every corner of the world, consumers today can instantly access virtually unlimited information anytime. That immediate convenience has radically changed people's acquisition of new knowledge. This gives rise to a recently popular concept that provides learners with bespoke and self-paced learning—on-demand training (ODT).