Evention LLC
As consumers become increasingly concerned about the impact of the food industry on the environment, sustainability has become an important issue for QSRs. From reducing waste and conserving energy to sourcing ingredients sustainably, QSRs are taking steps to minimize their environmental footprint and promote sustainable practices. One of the biggest areas of focus for sustainability […]
Reconciliation is an essential part of the accounting process, and it can be a tedious and time-consuming task, especially for the hospitality industry. Before introducing technology solutions, hotel accountants spent hours on massive spreadsheets, color-coding, filtering, sorting, and manually matching transactions. The reconciliation process required enormous effort, time, and resources that could have been better spent […]
Hotels handle a lot of financial transactions on a daily basis, from guest room charges to food and beverage purchases. Many of these transactions are paid for with credit cards, which means that hotels must be diligent about reconciling credit card entries with their payment processors and property management systems (PMS) to ensure that all transactions are accurately recorded and accounted for.
In an increasingly cashless society, the role of cash may change, but will not disappear entirely. In the past decade, we have seen a decline in the popularity of cash transactions to make room for the popularity of credit cards and more recently with digital payment on the rise. However, cash has remained present in […]
In conclusion, automation can aid in tip pooling IRS compliance in all areas of the hotel industry. By automating the process of tracking tips, employers can ensure that all employees receive a fair share of tips and show with full accuracy where tips are being allocated. Additionally, automation can help ensure that all tips are […]
2. Improved Fraud Detection Fraud is a significant concern for businesses of all sizes. The Association of Certified Fraud Examiners (ACFE) reports that companies lose 5% of their revenue to fraud each year. Automated payment reconciliation solutions automatically identify discrepancies and inconsistencies making it the best way to stay on top of this concern. Many […]
Aria Cash Solutions is a trusted provider of cash management solutions, offering a range of automation technologies designed to help businesses minimize costs and increase efficiency in cash handling.
Automatic
