Blog
The Quickest Way to Consolidate Your Data
In this faced-paced, ever-changing hotel business, you need your data from your various front-of-house and back-of house systems; you need it in one place, and you need it now. The goal is to have your PMS, POS, payroll, time & attendance, AP, purchasing, etc., etc., etc. software integrated to the point that all relevant data can be accessed through a single-login and all departments have accurate, real-time data to make informed decisions. But, how can you achieve this?
5 Ways Your Legacy System is Costing You
The marketplace and technology are evolving rapidly, but if you’re hanging on to legacy software, you may not evolve with it. You may feel that you have valid reasons for remaining loyal to your legacy software, but the fact is, they pale in comparison to how much the software is costing you.
The Easiest Way to Reclassify Transactions
Mistakes happen. Invoices are sometimes coded to the wrong account, or summary invoices need to be itemized for more detail. If your hotel accounting software does not have the ability to easily reclassify transactions, then you may have elaborate spreadsheets or superstitious rituals to make sure that your data is entered correctly before it is posted. Instead, skip the spreadsheets and the manual entries and click the easy button, a.k.a. the “Reclassify” button.
Favorite Features to Get More Done
Compared to other non-ERP software, these features save valuable time and prevent the frustration from having separate data silos. Navigating the system to deliver critical information for data driven decisions and smoother operations becomes a pleasure rather than a frustration. Features such as these save time and create a smooth working experience:
Keeping Things in Perspective
While lodging fundamentals have improved dramatically over the past two years, many see threatening clouds on the horizon. . .
Using Integrated Budgeting Software
Ahh, summer. Sunshine and . . . budgeting. If the thought of drafting next year’s budget stresses you out, then it may be time to upgrade your hotel budgeting software.
Most hotel companies start out using Excel/ spreadsheets for their budgets, but when your needs mature, your software should too. When using an ERP with built-in budgeting module, what were challenges become strengths. Here are some of the benefits and best practices of using budgeting software that is fully integrated with your accounting: