The restaurant trade knows better than anyone the devastating blow a difficult economic climate can deal to their businesses. A limping economy means consumers are less willing to spend their hard-earned cash on luxuries like clothing and eating out. Added to this, trends can alter the shape of the sector rapidly, meaning that businesses need to be able to change quickly to keep up with the rest of the market.
Over the last year there have been several pilot schemes in Asia which have allowed commuters to shop in virtual grocery stores with their smartphones. These stores have been built in underground stations, allowing shoppers to scan QR codes and purchase products on the move. They feature virtual fridges and shelves stocking life-size images of the products that people might want to buy…
Today’s retailers need to cope with the increasing complexity both of fiscal and of legal requirements. It’s more important than ever before for enterprises of all sizes to be completely informed about, and in control of, their finances.
The complexity of the shipping industry makes it difficult for the various elements within it to keep track of their accounts. There tends to be a principal, an agent and a fleet owner involved, who all have different objectives and demands on their accounting software.