Hospitality industry is a mature industry, struggling with market saturation and relentless pressure on margins. The industry is mature: the most appealing markets are saturated, brands are well established, and there is limited room for product innovation. In addition, executives must navigate the two–edged swords of the Internet and globalization. The Internet surrenders some power to consumers; globalization means companies have new opportunities for expansion – and new threats from international competitors. In such an environment, hospitality businesses must seek to trump rivals by stealing market share, expanding in lower–margin locations and optimizing operational performance. As a result there is a very sharp focus among companies in the hospitality industry on lowering their operating costs. Streamlined corporate spend is a key element of that strategy.
Ketera provides companies in the hospitality industry with the applications and services needed to control and reduce corporate spending at a low cost of ownership. Its on demand suite includes applications for spend analysis, sourcing, contract management, e–procurement, and payment & reconciliation. The combination of these hosted applications along with services such as implementation, supplier enablement and system administration allows organizations to streamline their corporate spend and reduce their overall costs. |
