SMB’s are availing End-to-End Managed IT Services to enhance their operational efficiencies

Growth opportunities for SMB’s improve substantially when technology is included in the equation. However, most SMB’s lack access to expert resources that can help them maintain pace with technology on their own. In addition to this, SMB’s often face even greater challenges keeping their IT systems & software applications up & running because they are understaffed. At the same time, SMB’s need to refocus their limited resources on their core business because of escalating competitive pressures & customer demands. For an increasing number of SMB’s, the answer to these problems is relatively simple: partner with trusted service providers that offers tailored end-to-end Managed IT Services, or customized tech support services enabling them to significantly improve data management, productivity, processes and security across their company. Continue reading SMB’s are availing End-to-End Managed IT Services to enhance their operational efficiencies

Enhanced Efficiencies & Comprehensive Reports – Hallmarks of Streamlined Accounting for Restaurant Owners

Running a restaurant business involves a lot of tasks and functions, including serving the customers, organizing your staff, handling team hurdles, and even getting engaged in raw material procuring process. In this busy schedule, you may not get ample time to manage your accounts and bookkeeping properly, which may lead to severe losses during surprise inspections and audits. If you wish to ensure hassle-free operations of your business, then you must ensure that you have every detail of your income and earnings, which will enable you to analyze the current position of your business and thereby assist you in making strategic business decisions. Continue reading Enhanced Efficiencies & Comprehensive Reports – Hallmarks of Streamlined Accounting for Restaurant Owners

Quatrro Insights for the Hospitality Industry in the US

Top Priority Areas for Hotel Operators in 2017

The hospitality industry (excl. Travel) consists of companies that provide short-term accommodation, including hotels and casino hotels, motels, and inns dominated by large hotel chains. The industry continues to remain the bedrock of the American economy by providing accommodation to both the business and leisure travelers and thereby contributing to national GDP growth. Globally, the hospitality industry is experiencing a renaissance. Record high occupancy rates and pricing are widespread, and favorable economic and market conditions are projected to remain strong. While the market is providing exciting opportunities, most organizations are treading with caution due to the cyclicality of the market. In the US, the hotel assets continued to appreciate in 2016, but at a more modest pace due to slowing RevPAR(revenue per available rooms) growth and a rise in cap rates. Continue reading Quatrro Insights for the Hospitality Industry in the US

Recipes for Success for Restaurant Operators in 2017

The US restaurant market is mature and highly competitive in nature. Although, restaurant industry sales were expected to reach $783 billion in 2016, the industry only witnessed a moderate rate of growth in sales.  Despite, Restaurant Performance Index, advanced in September 2016, Restaurant operators will face numerous headwinds in the 2017 business ecosystem.  From legislative and regulatory pressures and moderate economic growth, to labor cost increases and cyber security, both new and old issues will challenge profit margins and muddle operating procedures. Continue reading Recipes for Success for Restaurant Operators in 2017

The Future of Retailing – Key Trends Transforming the Retail Landscape

Is your retail business ready for the future?

The retail industry in the U.S. has faced more disruptive changes over the last decade than over the entire last century. As the retail landscape for US continues to evolve, it seems that the industry is in the middle of an unprecedented transformation. However, with market disruption comes opportunities and those retailers who can be nimble, adapt, and innovate in the face of these changes will be better positioned for success than those who cannot. As a result, traditional brick-and-mortar stores are now reinventing themselves by investing in the latest technologies to streamline their operations, integrate their billing and payment systems, inventory tracking and monitoring systems. Furthermore, challenges such as evolving demographics, rapidly-evolving customer preferences and economic volatility are also pushing retail businesses to cut costs, find new ways to offer more value, and keep pace with today’s demanding consumer. Continue reading The Future of Retailing – Key Trends Transforming the Retail Landscape