Managing Inventory – and Your Time

Stock-counting frequencies vary by organization. Finding an inventory counting method that fits with your operational practices (or even one that aligns with your brand or concept) is crucial to maintaining a healthy bottom line and limiting bad surprises.

Managing Invoices by Exception – an Exceptionally Good Idea

As any restaurant operator or manager knows, running the day-to-day comes with a million demands on your time. In an industry with particularly tight margins and volatility, each inefficiency and every wasted second means less profitability.

Five Ways to Reduce Waste

US Restaurants generate between 22 and 33 billion pounds of food waste every year. This results in an enormous environmental impact, and a big dent to profit margins. All that waste adds up. In fact, the restaurant industry throws away $25 billion worth of food every year.

3-way Invoice Matching – What it Is and How it Works

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.