Electronic invoicing (e-invoicing) is the transmission, reception, and processing of digital transactional documents between suppliers and buyers. A true e-invoicing method should be entirely electronic in such a way that data from the supplier can be integrated directly into the buyer’s system. E-invoicing benefits both suppliers and buyers.
Recent TRG blog posts
Thai Pham
Recent TRG Blog Posts
How to Successfully Implement e-Invoicing in 5 Steps
Posted by Thai Pham on Wed, May 22, 2019
Blog Topics: Financial Accounting Management Software
7 Steps to Take Your Revenue Management to the Next Level
Posted by Thai Pham on Sun, Dec 23, 2018
Upgrading revenue management capabilities means not only implementing the right technology solution and integrating the right data sources — ones that have been shown to improve forecast accuracy and pricing decisions — but also putting the right organisational resources in place and creating a revenue-focused culture. Following are a few recommendations for hoteliers to keep in mind.
Blog Topics: Hospitality solutions
Must-Ask Questions When Choosing a Revenue Management Solution
Posted by Thai Pham on Sat, Dec 22, 2018
The demand for next-generation revenue management solutions for the hospitality industry has increased with the proliferation of online travel agencies (OTAs) with differing pricing and commission structures, shrinking booking windows, ever-more intense hotel competition in high-demand destinations and ever-increasing pressure to drive profitable growth.
Blog Topics: Hospitality solutions
How to Boost Hotel Revenue with Non-Room Services
Posted by Thai Pham on Fri, Dec 21, 2018
As disruptors like Airbnb is transforming the entire hospitality industry with a wide range of services, not just lodging accommodations, the industry C-suite and decision makers have to move away from the traditional revenue management strategy in order to better maximising their profit.
Blog Topics: Hospitality solutions
3 Pressing Hotel Accounting Challenges in Today’s Digital Age
Posted by Thai Pham on Tue, Dec 18, 2018
In this day and age, it is crucial for hotel businesses to adapt to disruptive trends such as personalised customer experience, IoT, and blockchain. Advancements will also bring new challenges to the hotel finance and accounting team, who must evolve to take on new responsibilities and provide key insight for the CFO’s decisions in the following critical areas.
Blog Topics: Hospitality solutions, Financial Accounting Management Software
Hotels and Cloud Technology: It's Time to Move
Posted by Thai Pham on Mon, Dec 17, 2018
Advanced technologies provide hoteliers with full-scope support and benefits, from front desk to back-office operations. Cloud technology, for example, has played the key role in improving the end-to-end experience from booking to post-staying of guests, reducing cost and resource demands, increasing ROI, and hence, improving the overall business management capability of the business.
Blog Topics: Hospitality solutions, Technology trends
3 Essential Steps to Help Managers Manage Change
Posted by Thai Pham on Thu, Dec 13, 2018
Leaders are catalysts for change in organisations and managers are necessary for managing change through the rank and file workforce. Unfortunately some managers resist change, especially if they have already lived through previous change initiatives that forced them to do more with less. Managers who are unwilling to embrace change have distinct characteristics that put them "at risk" for derailing in their careers.
Blog Topics: Talent Management
What the Hotel Room of the Future Looks Like
Posted by Thai Pham on Wed, Dec 12, 2018
Nowadays, amenities such as flat-screen TV, Wi-Fi, aircon, minibar, etc. in your typical hotel rooms are considered must-haves and can no longer act as key differentiators. Hotels will certainly evolve, and the adoption of new technologies is inevitable. The question is, how drastically?
Blog Topics: Hospitality solutions, Technology trends
5 Features to Look For in an Automated Revenue Management System
Posted by Thai Pham on Sun, Dec 9, 2018
Most today’s hotel operators believe that revenue management will become even more automated with further advances in data analytics capabilities. So, which technology solution is the right one? How can a hotel operator be assured that the solution they implement will best meet the needs of the hotel and enable revenue managers to achieve optimal results? The following are just a few key buying considerations to keep in mind.
Blog Topics: Hospitality solutions
How Hoteliers Cope with the Rise of the Sharing Economy
Posted by Thai Pham on Fri, Dec 7, 2018
The sharing economy (also known as “peer-to-peer economy” or “collaborative consumption”) is the concept of sharing resources that are otherwise go to waste. Technology plays a part in helping the sharing economy to expand, and making the assets cheaper, more accessible than ever. In today's article, we'll focus on the hospitality industry and how much impact the sharing economy, particularly Airbnb, is having on the industry as well as the consumers.
Blog Topics: Hospitality solutions, Technology trends