Why Smart Hospitality Companies Are Accelerating CapEx Digital Transformation

Johannes Vocke | August 27, 2024

How modern capital expenditure solutions lead to efficiency, savings and long-term growth By Johannes Vocke, FutureLog Chief Financial Officer Historically, hospitality professionals have viewed procurement as a cost centre. But now, after years of social, economic, and political upheaval, procurement is evolving into a strategic function that helps hospitality organisations realise their broader business goals.  Look no further than CapEx- Capital Expenditures, funds used to obtain or maintain assets with a useful lifespan exceeding one year. According to McKinsey research, strategic CapEx management can reduce overall capital spen...