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This article is about the one of the latest forms of POS system. The latest POS technology that is cloud-based ePOS system offers many new features and thus provides benifits to the hospitality business. Several features are as follows. It connected with PMS, complete the two way interfact between PMS and ePOS. That features save time and minimize lost revenue. It is optimised for use on touch screen devices such as tablet or mobile phones thus it enhance the mobility, flexibility, and efficiency. Additionally, the ePOS minimize lost revenue by making full reporting, and data analysis to track stock, wastage. Enhanced security also increases peace of mind for operators in properties.

Valued investors are seeking a sense of opportunity in the stock market and have found it in investing in technology firms. Many of the major and most famous names in technology are becoming a valued investment to big shot investors. The article relates back to 1999 and the 2000's, technology firms were not considered a valued investment. Today companies like Google, Cisco Systems, and Apple are yielding high profits, paying dividends, and have strong balance sheets. The author also points out the faults in investing in the wrong technology company. Examples like the Palm Pilots, Motorola Razor, and now Blackberry that are all obsolete or close to it.

The article introduces five ways to improve eco-friendly reputation for hotels. Recently, many tourists are interested in green and sustainability, and when they choose the hotel, the characteristic about sustainable business operation can be a big benefit tourist can consider. First, it is about eco-friendly heating and energy. The energy bill takes up a lot when considering the total expenditure, so it is necessary for hotels to manage the power effectively. By utilizing energy management system, hotel can track the energy consumption in the entire building and control the expense. Second, hotel can adopt waste reduction technology. Most wastes are coming from poor stock control. Thus, hotel should employ the tracking system to monitor the items that are being disposed of often, and use the record when they purchase the items. Third, sustainable laundry can be the way to operate the eco-friendly hotel. Eco-friendly polymer laundry beads can reduce the water usage and electricity expense. Also, an effective material can cut down the frequency for linen to be replaced. Fourth, lighting technology can be used. By applying the occupancy sensors, hotel can cut down the cost, and use energy more effectively. Lastly, it is iPad POS system. According to the article, they said iPad POS saves about 97% of power consumption compared to Window-based system. To sum up, these five ways can be adopted for sustainable hotel operation, and having the eco-friendly hotel brand will be a big advantage to increase millennial guests and advertise the hotel.

This article describes the ways to make the hotel greener and more appealing to the environmentally aware guests

This article shows us many advantages of using computerized accounting software. It is useful for managers to manage enterprises through instant reports which were provided by computerized accounting programs. And it also be helpful for financial manager to check the manager's work. The advantages of the computerized accounting software includes: speed, automatic document production, accuracy, up-to-date information, availability of information, management information, GST/VAT return, legibility, efficiency, staff motivation, cost savings, reduce frustration and the ability to deal in multiple currencies easily.

This article explains all the advantages of having a POS system, especially for a small business. It emphasizes the different benefits from constant software updates, and the ability for the hardware to be transposed into different electronics for easy access wherever you go! It also highlights the increase in market value within the last few years, and the continued growth it'll attract.

Item Information Costs/Expenses Payment Methods Stock/Inventory Purchase/Transaction Records Employee Time Clocking Tax/Discount Calculation Are the main functions that this article highlight about having the POS system. This system would have all the information in one centralized area that may be accessed by many coworkers. This keeps track of the inventory, transactions and much more. There may be times where manual labor would still be the primary go to but this system will make things easier.

The article "Making Shipping More Efficient Through Disruptive Technologies" discusses the opportunity of using augmented reality and computer vision to improve efficiency within the shipping industry. Safetytech Accelerator in collaboration with CYENS and Oceanic will be assisting crews in the safe handling and storage of vessel provisions. The goal is to become efficient, safer, and sustainable through this process. For example, some of these projects include using technology to fight fires on container ships.

Radio Frequency Identification or RFID continues to appeal to leaders in the hospitality industry as it allows for so many opportunities. RFID is a cost-effective technology. It utilizes radio waves to send signals from a chip to a receiver somewhere. Due to the COVID-19 pandemic, RFID technology usage has increased because of the consumers' desire to have contactless options. This article provides quite a few great examples of RFID technology in the industry. It mentions Disney and Coachella as they have switched to using RFID wristbands. Hotels, as mentioned in this article, can use RFID technology for a multitude of things. Some examples include: for door locks, on-site payments, controlled amenity access, inventory management, and theft prevention.

The RFID is a very interesting and powerful system. Many industries have been using such system for a long period of time. In the aviation industry, the RFID helps to track and sort checked baggage at the airport by reading several inlays at one. Airlines that use such system has a higher customer satisfaction rate.

While this article was found on an auto website, the advantages of an automated POS is very relevant to all industries including the hospitality industry. This article showcases the pros to owning an automated POS in relation to the establishment's customers. It speaks about its efficiency in ordering and controlling stock as it is automatically connected to the suppliers. This helps control spending and monitoring operations done with inventory. The auto POS system also speeds up service time. By allowing staff members to look up information quickly, customers become satisfied with the quick service. The article goes on to explain how an automated POS helps create a more personable experience for the customer, as staff members are able to quickly pull up information. Not only are they able to personalize greetings but they can also make suggestions based on preferences from previous records of the customer. All around the POS will also create a professional face for the organization as invoices and other calculations are credible and accurate. I found this article to be interesting because the POS advantages goes across the board with all service-based industries. This type of software can definitely help boost sales with all the pros previously mentioned.

This article talks about five ways to invest in travel and tourism. It specifically mentions the Online Travel Providers. In many industries, including traveling industry, internet continues to generate revenue to the business. Priceline in particular has been increasing profit growth in the last five years offering lower price and online bookings, last minute travel deals and bids.

This article focuses on how the Santa Ana Star Casino utilized technology and software installations to manage their uniform inventory and tracking procedures. The Santa Ana Star Casino has a staff of 500 employees, and utilizes an inventory of over 9,000 uniforms. Having such an abundance of uniforms and employees, in order to prevent loss and reduce purchases, the InvoTech Uniform System allows the company to properly and efficiently track which employee has checked out which uniforms and how many, so that they can assess which uniforms, sizes, and par stock is on hand at the time. According to an employee from Santa Ana Star Casino regarding the use of the InvoTech Uniform System, "We automatically track who each garment is assigned to. This streamlines accountability and helps cut replacement purchase costs." Santa Ana Star Casino created a uniform room around the concept of InvoTech, and utilizes a staff of three people to manage the uniform room, and has seen dramatic decreases in labor costs and losses due to uniforms going unaccounted for. The technology provided by this system allows the casino to automatically track who each uniform is assigned to, and maintains records for each employee. According to the vice president of InvoTech Systems, "Most businesses that install InvoTech's Uniform System realize at least a 20 percent reduction in labor costs. Clients also report they have 100-percent protection against non-theft related losses because of the system's comprehensive tracking of each uniform article." I feel that this system is only a glimpse into our future - the future of technology changing the way operations in hospitality establishments are currently running. Eventually systems similar to the one in this article will be implemented in all aspects of the industry, replacing the need for excessive staff members and high payroll costs. Technology and software such as this not only decreases payroll costs, and reduces operating cost

The financial crisis of 2007-2008 is considered by many economists to be the worst financial crisis since the Great Depression. It resulted in the threat of total collapse of large financial institutions, the bailout of banks, and downturns in stock markets around the world. The bursting of the U.S. real estate bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions. Prior to this crisis strategies to develop new hotels or acquire existing assets with a small percentage of cash out of pocket were plentiful. Today to secure funding it may take 30%-40% of hard cash to move a deal forward. The Small Business Administration (SBA) is offering a way to leverage funds at well below market rates for major renovations and new construction with as low as 10% cash down. The catch? Some money-saving energy efficiency or renewable energy measures must be in the mix. Millions of dollars in SBA 504 loans have been available for decades to help small businesses grow. The greening of the program began when the Energy Independence and Security Act of 2007 added 3 public policy goals that could qualify businesses for a loan for construction, renovation, or refinance to: 1.Build a new facility (or retrofit an existing building) that consumes at least 10% less energy. 2.Incorporate sustainable design such as LEED into the new construction or renovation projects or building purchases. 3.Incorporate the production and use of renewable energy onsite for the business and/or for the local utility. Another area the 504 green loan program can assist the hospitality industry is to bring cash to the table for major renovations. Hotel franchise companies have been lenient over the past several years on product improvement, as not many hoteliers have had the financial ability to perform major renovations. In the past several months the need for franchise companies to protect their brand have

In order to choose the best business cash management system, it can be helpful to consider the nature and needs of your business, as well as factors such as the need to incorporate analysts or consultants, and the ease of use for individuals who may be responsible for updating or reading the system. Companies will implement these procedures to ensure they accurately report inventory items and do not account for costs prior to being incurred by the production department. Companies use cost management systems to provide information for making decisions. The information provided typically relates to individual products produced and the production capacity associated with the company.

This article tries to introduce the point of sale system. It recommends that it's time that your business did away with its cash registers and stepped up to a point-of-sale (POS) system. And the author lists seven reasons to convert businessman set up this system. First of all, your "sudden shrink" no longer goes undetected. It means that the system which has a receiving and inventory module that, when used properly, it can help you to pinpoint the cause of the shrink. Second, Markdown management is much easier. Compare with wrestling cash-register receipts at day's end, a POS automates the process of introducing markdowns and, in turn, tracking them accurately. Thirdly, Promotions can be tracked more successfully. Promotion is necessary for a business. However, the problem is recording shorter specials. Here, the POS system can help you. Then, you can maintain control in absentia. . Many operations suffer in employee efficiency and customer service when the boss is away. Automating a host of functions via a POS can help boost those areas, no matter where the head honcho happens to be. Besides, Your prices are consistent from one location to the next. If your business operates at more than one location, a point-of-sale system ensures pricing consistency. What's more, a POS system can help to keep stocks in proper balance depending on demand and other factors, which can vary from one location to the next. Sixes, you get many tools in a single package. At last, you can make better use of your personnel. The author thinks the greatest advantage to a comprehensive point-of-sale network is that it can afford your personnel to devote their energy to customers. In a word, the author gives us seven advantages of POS and recommends strongly applying it on business.

I liked the part that discussed how this would limit theft, as we know that is a big problem in most establishments. Anytime you can eliminate a calculator and human math is a plus. Recepits can easily be lost. Also consistency is a big part of it, especially if you have more than one establishment. good article!

Of particular interest is the online booking systems, electronic point of sale integration and marketing automation software which all ensure hotels maintain competitive.

A good Point of Sale (POS) system is a key tool for retailers to increase sales, keep an overview of stock and provide high-quality customer service. 12 pros and cons of online, cloud-based POS systems are listed to give a brief introduction of the adoption of Cloud-based POS software.

The current trend hotels executives and owners are adopting is green and sustainable practices. First, because of the marketing and positive public relations it brings to the image of the hotel and second, because of the energy and cost savings to the bottom line. The implementation of these practices with new technologies and software's designed to streamline processes and keep routine calendar of projects make easier for management to keep track and follow through.