The process of 3-way invoice matching is simply matching information in a purchase order (PO), a goods received note (GRN), and an invoice. Done manually, it's quite a lengthy process, so many businesses choose to automate 3-way invoice matching to reduce administration time in accounts payable and provide valuable insights into supplier delivery and pricing compliance.
A positive company culture can be a competitive advantage, helping your restaurant get (and stay) ahead. The right technology can get you there faster.
While there are many ways manage stock counts, there are some ways that work better for certain concepts than others.
Catering to health-conscious customers can give you a competitive edge. Find out how.
How does your restaurant forecast demand? Is your forecast accurate? We share how demand forecasting can improve accuracy and transform the way you manage scheduling and inventory.
Suppliers in the hospitality industry have been adversely impacted by the pandemic, with reports of revenues of less than 10% of 2019 levels during the first lockdown.
Health insurance is one of the most important benefits an employer can offer, regardless of size. Employer sponsored healthcare can be a make-or-break factor for both recruiting and retention, offering current and prospective employees a sense of security and a contingency plan if they should ever get sick.
Amid the tumult of a chaotic global hotel market, brands of all sizes are reckoning with myriad unexpected factors — worldwide supply chain disruptions resulting in temporary inflation, nationwide labor shortages confining operations, and regional lingering restrictions limiting growth — each making the global recovery slower than expected.
The past year has seen employee turnover reach an all-time high, and you’ve likely experienced it at your own business. Workers are reevaluating their jobs in record numbers, and many are not afraid to work at companies that better meet physical and mental needs.
If reinvention is defined as the process through which something is changed to the point it becomes entirely new, then the hospitality back office is getting reinvented big time.
A recent Gallup poll found only 22 percent of employees feel engaged in their work, a concerning sign especially within the hospitality and service industries already experiencing high turnover rates.
The retail industry is highly competitive, and retailers need to constantly innovate to stay ahead. Workforce management can be a critical tool for retailers looking to optimize their operations, control labor costs, and improve the customer experience.
Save time, reduce costs, and increase profitability with Fourth’s intelligent solutions.
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