In the vibrant and welcoming land of Vietnam, the hospitality industry is facing a significant challenge this summer as tourist travel by air has plummeted by up to 60%. Instead of exploring the beauty of their own country, travellers are opting for international destinations like Thailand or Malaysia. The primary culprit behind this shift in travel patterns is the soaring cost of airfare within Vietnam.
Read more: Effective Labour Market Strategies to Combat Staff Shortages in the Hospitality Industry
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Blog Topics:
Hospitality solutions,
Technology trends
Infusing artificial intelligence into procurement heralds a transformative shift, promising unparalleled efficiencies and strategic decision-making capabilities. Yet, as industries across the globe rapidly embrace this technological revolution, one question lingers: is procurement missing out on the full potential AI has to offer?
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Blog Topics:
Technology trends,
Digital Transformation
Both businesses and individuals generate and manage an overwhelming amount of data. So much so that even storage solutions like data marts or data warehouses are now unable to hold. Businesses today need something "deeper."
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Blog Topics:
Technology trends,
Cloud Computing,
Analytics
At first glance, soccer and Formula 1 may seem like very different sports with little in common other than both being extremely popular internationally. However, upon deeper examination, these iconic global sports share remarkable similarities. Can you guess what they are?
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Blog Topics:
Technology trends
Procurement in the hospitality industry is not just about buying goods and services; it is a strategic process that impacts the overall quality of operations. With responsibilities ranging from sourcing furniture, equipment, food, and beverage supplies to managing relationships with suppliers, this function has evolved from mere cost-cutting to becoming essential in achieving business goals.
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Blog Topics:
Hospitality solutions,
Technology trends
The global hospitality industry has been observing strong signs of recovery heading into 2024, with demand rebounding to pre-pandemic levels. With travel on the rise once more, hoteliers must strategise effectively to capitalise on this revival period through proactive alignment with emerging trends.
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Blog Topics:
Hospitality solutions,
Technology trends,
Cloud Computing,
Digital Transformation
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.
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Blog Topics:
Financial consolidation, planning and reporting,
Financial Accounting Management Software,
Technology trends,
Cloud Computing,
Analytics,
Digital Transformation
Cloud computing has revolutionised the way businesses operate, and at the heart of this transformation is the cloud operating platform. Often referred to as a virtual operating system, a cloud operating platform provides a sophisticated approach to navigating the complexities of cloud-based computing.
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Blog Topics:
Technology trends,
Cloud Computing,
Digital Transformation
The role of CFOs today has evolved significantly, becoming more dynamic and responsive to changing demands from internal stakeholders and external customers. The modern CFO is now involved in strategy creation and business transformation initiatives, acting as a strategic advisor to the CEO and the rest of the C-suite.
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Blog Topics:
CFOs,
Financial Accounting Management Software,
Technology trends,
Cloud Computing,
Infor SunSystems,
Digital Transformation
Choosing the right finance tools can make all the difference in maintaining steady fiscal health and gaining a competitive edge for businesses in the current business-as-unusual landscape. This is achievable with suitable software-as-a-service (SaaS) financial management software to streamline your processes, enhance decision-making, and elevate your business' financial efficiency.
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Blog Topics:
Financial Accounting Management Software,
Technology trends,
Cloud Computing