MIAMI, Florida—Reeco, an AI-driven procure-to-pay platform, introduced that Level5 Hospitality (L5) is implementing Reeco expertise throughout 9 of its properties in the USA, with further areas deliberate.
“We initially turned to Reeco to unravel some irritating inefficiencies with our outdated procurement methods,” mentioned Nathan Moffatt, senior vice chairman of accounting at Level5 Hospitality. “However what we acquired was a complete improve. The platform has modernized our complete procurement course of, and the extent of service has been unimaginable. Reeco works as an extension of our personal workforce, collaborating intently with each distributors and our administration workforce. It’s not only a software program — it’s a real partnership that’s serving to us function smarter, sooner, and extra profitably.”
With Reeco’s all-in-one procurement platform, L5 positive factors visibility and management over its complete procurement course of, from F&B and cleansing provides to providers and past. Patrons can deal with orders, stock, and invoices by way of a single platform.
“L5 Hospitality is precisely the type of revolutionary collaborator and trusted advisor within the hospitality house we love working with. They knew their outdated procurement processes created bottlenecks and determined to modernize,” mentioned Henrik Shimony, chief govt officer of Reeco. “Our platform shines gentle on these hidden inefficiencies in procurement — the darkish spots that quietly eat away at profitability. This visibility lets L5 get forward of issues as a substitute of regularly reacting to them, giving them extra time to concentrate on what actually issues: constructing stronger vendor relationships, delivering nice visitor experiences, and enhancing their backside line.”
Reeco’s Buy & Obtain and Accounts Payable (AP) modules use synthetic intelligence, which retains pricing and stock updated in actual time. On the AP facet, AI robotically assigns common ledger (GL) codes primarily based on historic patterns and syncs with the property’s accounting system. This cuts down enter time, reduces errors, and eliminates repetitive duties.
