What Does It Mean?
Corporate house accounts are accounts that allow corporate clients to be invoiced for catering services at a later date, rather than paying upfront. This can help to streamline the payment process for corporate clients and make it easier for them to do business with the restaurant.
Why Is It Important For Restaurants?
Corporate house accounts are important for restaurants because they can help to attract and retain corporate clients. By offering house accounts, restaurants can provide a more convenient payment option for corporate clients, which can help to build customer loyalty and generate repeat business over time. Additionally, offering house accounts can help restaurants to differentiate themselves from their competitors and provide a unique value proposition that sets them apart in the marketplace. Finally, house accounts can help restaurants to improve their cash flow and reduce the risk of payment delays or defaults.