Posts by Michael Prall
The Future of Finance in the Hospitality Industry: Embracing Automation for Sustainable Success
This guide will explore the future of finance in the hospitality industry and emphasize why adopting AP Automation is essential for businesses to survive and thrive.
Read MoreImprove Your AP Process Across Multiple Properties
Hospitality businesses are embracing Accounts Payable (AP) Automation to help combat the many challenges multi-entity companies face regarding accounting processes. Benefits include increased efficiency, greater security, and more.
Read MoreA Spotlight on Fraud and AP Challenges in the Construction Industry
Cybersecurity is a growing threat in the construction industry because the interconnected nature of the vertical lends itself to vulnerability. Implementing Paymerang’s AP automation solution adds an extra layer of protection against fraud while also alleviating other challenges riddling AP departments in the construction industry.
Read MoreNorthpointe Hospitality Achieves Greater Visibility and Profitability after Implementing Paymerang
With over 12 properties nationwide and $42 million in managed revenue, NorthPointe’s AP department was experiencing increased friction while scaling. They were being bogged down with arduous processes such as manually writing checks, following up on uncashed payments and inefficient reconcilement. “In transforming our AP department, it allows us to focus more on guest experience, the…
Read MorePaymerang and M3 Announce New Partnership
M3, the hospitality industry’s #1 cloud-based financial and data management platform, has partnered with Paymerang, an award-winning accounts payable e-payment and payment security solution. The partnership was finalized on Dec. 4, and Paymerang’s services are expected to become available to M3 clients beginning on Jan. 1, 2020. “The collaboration with M3 is a prime example…
Read MoreDon’t Settle for a Fractional Bank ePayment Solution
The world of electronic supplier payments is growing rapidly. Companies are making the transition to eliminate check writing and move to secure electronic payment (ePayment) platforms. The time savings, fraud prevention, and cost savings have already convinced many companies to outsource their accounts payable disbursements. Traditionally, banks have been the trusted adviser in this new world, but…
Read More