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Generative AI will impact 10 to 50% of work tasks for 80% of the US workforce. Occupations with the most significant opportunity are accountants, tax preparers, business analysts, and mathematicians. It's unbelievable how generative AI has impacted every industry and job function. This includes the restaurant industry.

For years, CFOs have been urged to modernize. Restaurant groups were not immune to this statement. Those who didn't act during the pandemic are now even further behind. Automation in the restaurant industry is increasing at a rapid pace.

While consumers seem to love home delivery services, the results for restaurants can be mixed. Some operators are choosing to operate their own delivery services. Of course, pizza and Chinese restaurants have been in the delivery business for years. And in major metro areas, all types of operators offer delivery. Some of the major chains like Panera are investing in...

How many systems and finance and accounting applications do you use daily? Are you manually reporting in Excel? Do you feel like you're Monty Python on a quest for the Holy Grail of accurate financial reporting? If you've answered yes to any of these questions, then you have a problem.

Sage Intacct's 2023 Release 1 was released last month. Many exciting features elevated the modules and tools Sage Intacct users currently use. Sage Intacct issues four quarterly releases per year – each release offers enhancements, updates, and features providing best-in-class financial management automation.

It's no secret that saving on utilities can mean immense profit for restaurant groups. However, energy prices have soared from California to Connecticut due to demand and the ongoing Russian and Ukraine Conflict. As a result, restaurant groups have been hit with a double whammy between food cost inflation and rising utility costs.

How many hours are you spending monthly on manual processes within your restaurant group's accounting department? Managing processes can be time-consuming for accounting and finance teams, especially when issuing and processing invoices, keeping track of budgets, and creating financial reports.

As most growing restaurant groups know, there is a ticking time limit to QuickBooks. While the QuickBooks-and-Excel combination may have served you well, however; there are inevitable drawbacks that can limit growth.

Early on, while quickly growing, running your restaurant group on QuickBooks makes sense. However, as you grow and become more established, you need more than what QuickBooks can offer. You stand to lose by relying on manual approaches (i.e., spreadsheet accounting).

Happy New Year (or maybe not If you are dreading the beginning of yet another tax season!) You may be shrinking from 1099 reporting, which can be one of the most time-consuming parts of the tax season for many business owners and their accounting departments.

When buying accounting software, restaurant groups have plenty of options to consider. In addition to

Simply put, accounting automation reduces the amount of time spent on those manual “keep the lights on” tasks that absolutely must happen to keep the business functioning, like processing accounts payable. Restaurant accounting offers plenty of opportunity for automation – the transaction volumes are high, and the processes tend to be very repetitive.

We are on the heels of another exciting Sage Transform. The Tablespoon team had a great time networking, learning, and engaging customers throughout the week. Sage Transform is designed exclusively for Sage Intacct's community of customers, partners, and industry experts to share insights, gain valuable product information, earn CPE credit, and connect with contacts new and old.

This is the final part of our series, the questions you should be asking when choosing restaurant accounting software. Each week we’ve been sharing five questions.

This is part two of our series, the questions you should be asking when choosing restaurant accounting software. Each week we’ve been sharing five questions.

Over the next few weeks, we will release five questions a week as part of a series. Whether you’ve outgrown your restaurant accounting software or need a best-in-class suite that correlates better to the restaurant industry, you should be asking some (if not all) of these questions.

Tablespoon’s CEO, Andrew Lester, will be speaking with Craftable’s CEO, Sam Zats, and VP of Growth Strategy, Phil Probert at Sage Transform on Wednesday, October 12th. Their session is called “Positioning your hospitality or restaurant business for Post-COVID growth”.

On Thursday, June 16th Tablespoon hosted a webinar reviewing what restaurant groups need to know about the latest Sage Intacct release.

The hiring crisis in the restaurant industry expands beyond front and back of house restaurant workers. Nearly 100% of our clients operate within the restaurant vertical. We hear (and see) firsthand the challenges that many restaurant and hospitality groups are facing regarding recruiting, hiring, and retaining staff.

Operating a restaurant group is unlike running any other type of business. There are a lot of moving parts and in today’s economy having access to real-time data is critical to knowing the financial health of your organization. Measuring key financial metrics can help you understand trends, stay competitive, and enable strategic planning.