Five Ways Hospitality Benefits from Payment Automation
3 Min Read By Alyssa Callahan
For years, hospitality businesses including restaruants have faced the challenges of using a paper-reliant process for both domestic and international payments. Here are five ways that the hospitality industry can benefit from an automated back office.
1. Limit Paper Use and Multiple Payment EffortsThe “paper problem” is usually what instigates businesses to begin looking for alternative payment methods. Accounting teams use more paper than they often realize. Minimizing paper dependency isn’t just for “green-conscious” companies—though that is a positive side-effect. Removing paper from the equation means that AP teams can get payments approved, checks signed, and payments submitted digitally, through a single workflow.
In a restaurant franchise, it’s relatively common for check-signers to spend time at different locations, making the check-signing process exceedingly tricky and time-consuming. Shifting to an electronic process with single sign-on capabilities…
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