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What’s the Difference Between Accounting Software and ERP?
Knowing the real time financial health and performance metrics of your hotel company and each hotel property is essential in today’s world. To maintain that health your accounting team needs the latest high-tech tools. Modern accounting technology has now advanced beyond hotel-specific standalone accounting software to hotel-specific ERP.
The Value of a Dashboard
Everyone is talking about dashboards, but what is a business dashboard, and what value does it provide? Does your hotel company have the dashboards it needs?
The first thing to understand about dashboards is that it is more than just a pretty picture. Unless there is up-to-date, accurate data behind the dashboard, then it is of no value whatsoever.
3 Benefits of Integrated Banking
One of the advantages of digital transformation is the integration and synchronization of your data. Your banking data should absolutely be included in this process. Cash management is too important to not have real-time bank balances; and modern banking integration technology makes it easy to access.
See the 3 major benefits:
Are you spending more time thinking then doing?
There are two reasons you might get stuck spending more time thinking about something than it even takes to do the something. First, you might get stuck in the research phase. Secondly, you might get stuck overthinking and worrying.
The Real Time Commitment to Change Hotel Accounting Software
When making the move to modern hotel accounting software, the goal is to do things better. To automate tasks and streamline processes. But any new program takes some time to learn the new way of doing things.
When evaluating new technology providers, look for qualities that will make the transition easier on you and your team. Plus, here is a reference of actual approximate training hours by role for a Hotel ERP software.
Too Busy to Save Time
Is being short staffed a good reason to not upgrade your hotel technology?
Hotel staff are doing double or triple duty. GMs are plunging toilets and corporate accountants are checking-in guests. How can you ask your team to learn a new software right now?
On the other hand, consider what is being sacrificed. Do you have the financial reports on-time to make important operating decisions?