Tag Archives: hospitality

Quatrro’s Innovative “Asset Free Accounting” Model emerges as the new accounting standard for the Franchise Industry

February 2, 2021blogAccounting Solutions, cloud based business, financial, healthcare, hospitality, Industry, QPort, QRecs, restaurant, retail, technologyadmin

Rosemont, IL – Quatrro Business Support Services, a market leader in providing cloud based business support services across diverse industries, is poised to create a new accounting standard for the Franchise Industry across the United States by conceptualizing and successfully implementing its “Asset Free Accounting Model” for a range of clients across existing and emerging industry verticals. Buoyed by the success in Restaurant, Retail, Automotive and Not-For-Profit (NFP) industry verticals, Quatrro aims to capture a significant share of the market and has already started enhancing penetration in several emerging verticals such as Hospitality and Healthcare.

Continue reading Quatrro’s Innovative “Asset Free Accounting” Model emerges as the new accounting standard for the Franchise Industry →

Challenging Road Ahead for the Hospitality Industry: Critical factors shaping the future of the industry

January 21, 2021blogaccounting, Business Intelligence tools, finance and accounting domain, financial and accounting services, hospitality, Hospitality Industry, hospitality outsourcing partnership, hotel restaurant accounting outsourcing, outsourcing in hotel industry, payroll services, Technology magazineadmin

December, 2017 – The world of hospitality and travel has entered a new era of transformation. A combination of forces, including shifts in the global economy, game-changing innovation, geo-political turmoil, natural disasters, pandemics, and rising consumer demands have been reshaping the marketplace for years. Concurrently, the industry is anticipating a RevPAR growth of 2%, the lowest increase since the beginning of the economic recovery.

Continue reading Challenging Road Ahead for the Hospitality Industry: Critical factors shaping the future of the industry →

Outsource Accounts Receivable to drive working capital improvements

January 21, 2021blogAccounting Solutions, BOOKKEEPING, healthcare, hospitality, Outsource Accounts, payroll services, Receivable, restaurant, retailadmin

In today’s highly competitive business ecosystem, optimal utilization of time plays a vital role to lead the business towards sustainable growth. The key decision makers of the business strive hard and devote their entire attention in analyzing and developing business strategies. Significantly, considerable time of SMB owners is consumed in managing bookkeeping and payroll services such as accounts receivable management, eventually affecting the efficient functioning of their business.

Many of the SMB’s across diverse industry verticals such as Retail, Hospitality, Restaurant, and Healthcare have realized that the key to a successful business relies on an efficient cash flow process as higher the cash flow, the greater the probability of enhanced profitability. As a result, a lot of these SMB owners are looking forward to partner with trusted service providers that can offer them a comprehensive customized industry specific accounting solutions such as Retail store Accounting Solution for Retailers, Grocery store Bookkeeping solution for Grocers, Restaurant Bookkeeping Solution for Restaurant operators, Hotel Accounting solutions for SMB hotels/motels, or Healthcare accounting solutions for SMB healthcare professionals/organizations.

Continue reading Outsource Accounts Receivable to drive working capital improvements →