Sunflower Lab

MARCH 21, 2024

Integration with ERP Systems : Integrates seamlessly with enterprise resource planning (ERP) systems or other procurement software to pull and synchronize data, ensuring accuracy and consistency. Spend Categorization: Classifies spending into various categories such as goods, services, travel, utilities, etc.,

Budget 52

Budget Comparison Metrics Analysis 52

Altexsoft

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. Like other metrics, RevPAR can be influenced by external factors beyond a hotel’s control, such as economic conditions, natural disasters, or changes in travel trends.

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

APRIL 24, 2019

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? It’s commonly applied in various industries, for instance, travel and hospitality, transportation, eCommerce, electricity retailing, entertainment. Increased competitiveness.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

JUNE 21, 2023

Whether you’re a hotelier aiming to optimize revenue or a tech enthusiast intrigued by the evolving dynamics of travel and hospitality, acquiring a comprehensive understanding of ADR will be helpful. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. What is ADR?

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

OCTOBER 20, 2020

Nowadays, even though there is a bunch of small changes you can implement to optimize the work of your warehouse that would certainly matter in the long run, warehouse management is normally carried out with the help of the warehouse management system (WMS). What is a warehouse management system? Receiving and Putaway.

Systems Review 93

Systems Review System Software Review Software 93

Altexsoft

NOVEMBER 9, 2021

Accounts payable are most vulnerable to errors (whether deliberate or not) due to disconnected and inaccurate information, especially if you have to deal with a big amount of documentation and process multiple transactions. The market is constantly changing due to a myriad of factors. Contract management to review and audit agreements.

Analytics 52

Analytics Software Review Systems Review Technical Review 52

Altexsoft

MAY 26, 2021

It’s been a long time since it became obvious that to develop and stay competitive, businesses have to support their decision-making with data. Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. The CPOR is a crucial KPI that allows you to monitor your expenses. Why use it?

Hotels 64

Hotels Metrics Performance KPI 64