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This article describes accounting software functions within the Hotel industry. The article states that "Accounting software is used to track the profitability of hotel operations and identify trends in the hospitality industry". It is said that when selecting accounting software, you must identify what results you are looking for from the software; and also the functions that you are able to receive. You must also understand the needs of your property, and industry. The article also discusses various decision criteria, which is a part of the selection process. Some of these criteria's that you must look out for are: annual revenue, budget, location, multiple sites, national or international locations, in-house verses outsource operations. I love the fact that this article also discusses the functions of hotel accounting software. Some of those functions that were stated are: account payable, account receivable, and payroll. The article also brought up some trends about hotel and lodging accounting software. One of the trends that stand out to me was the fact that some companies hand over their entire accounting responsibilities to major accounting companies or, accounting firms; this is referred to as outsource. Having a accounting software is a very beneficial asset for a company.

The hospitality industry has had steady growth, with increasing demands for internal controls and financial accountability. Accounting software is crucial in measuring and tracking the hotel's profitability. Accounting software is used to track the profitability of hotel operations and identify trends in the hospitality industry. So it's important for hotel manager to choose the suitable accounting software. This article tells how to select hotel accounting system properly. Including the decision criteria used in selection process, areas of functionality in hotel accounting software and standards used for accounting and auditing in hotel industry, etc.

Hotel managers are often faced a lot of problem to deal with the accounting system. Now hotel manager can manage all of the accounting responsibilities by use hotel accounting technology. Using Web-based hotel accounting software can save your business money . The functions covered in all of the accounting systems.

This article give some tips about how to choose a PMS, it basically says that the manager needs to find what are the hotel needs? base on this then think about budget, how the employees fell with the system making a list with the features requires, etc, once you have all this you can choose the ideal PMS system that goes with the hotel.

This article talked about some features need to be considered when choosing a restaurant POS system. It suggested that restaurant should pay attention to the ease of use, customer database, tableside ordering, online reservations, online odering, scalability, pringting, and data recovery. It emphsized that live system changes, terminal flexibility, menu, menu firing, and discounts should be considered. It also talked about the important features for bars to choose a POS system. They are fast pay, tabs, repeat, job types, and credit card hold.

This article discusses the different aspects of choosing the best PMS for a companies specific needs. It offers several points to consider when selecting a PMS including what features to look for and hidden cost traps. The first and main point in selecting a PMS is to identify exactly what it is you need. This will help to eliminate unnecessary features that add to the cost allowing you to focus on more useful features or collect the savings. This is a very good tip it seems because PMSs have many different options, some of which that wouldn't benefit certain types of business. It would be wise to consider all the features included and their necessity for this reason allowing more efficient programs or savings. The next points discuss several traps that PMSs can include like hidden costs and technical support problems. Sometimes products may require costly upgrades that you are forced to buy in order for the system to run properly. This is definitely a factor to investigate when choosing a PMS as it could result in significant expenses to a company. Also if technical support is needed make sure the conditions are fair. This is also important because when the technology breaks down it will directly effect the cost and repair time. These are all excellent factors to consider when looking for a PMS because they all effect the main focus: money.

As this article mentioned, Hotel Med Park chooses to use ProfitWatch to provide accurate call reporting and billing. This system is designed to save the property money and simplify management. They also choose CloudPM to provide hotels an affordale cloud-bases property management system with full functionality and features. In my opinion, this system is very convenient and correct to use for hotels. It can help minimize liability and boost revenues.

This article discusses how to select the right Property Management System (PMS) for hotels and specifies procedures that the hotels need to follow. The first step in selecting a PMS is that hotels need to foam an evaluation team that includes managers, staff from different departments, such as front desk, accounting, housekeeping, and IT, in order to make sure the PMS works for everyone. Then, the hotel should determine its budget, making sure they don't waste time for a PMS out of their price range. Once the budget is set, the evaluation team should conduct a needs assessment to ensure that they only buy features they need. Next, researching the PMSs that meet the hotels' requirements and fit the budget is necessary. This article emphasizes some key features, such as user-friendly design, guest-oriented functionality, integration with other system, etc., to consider when evaluating the PMSs. After the hotel has completed its research, they need to narrow the options down to top two or three, and to have the selected vendors demonstrate their products in front of the evaluation team. After all, the hotels can choose the right one which works the best for them. Competition in the hospitality business has been intense, so it is essential to invest in technology, such as Property Management System (PMS), to streamline operations, enhance guest service, and ultimately win competition over others. However, there are so many PMS options to choose on the market, so it is also critical to know what procedures to follow, and to choose the most suitable PMS for each business.

Hilton Hotels have invested $500 million on smartphone technology that allows guests to book their stay, check in from their cell phone, pick a room from ones that are available and request additional amenities be delivered to their room upon arrival. The biggest opportunity for guests is the ability to log on the day before their arrival and choose which room they want. They not only choose a type of room but they also choose the location.

The right property management system plays a key roles in the success of any hotel. Property management systems store guests' information which helps make for a pleasurable stay at the hotel. On the back end having the proper property management system can be key tool in making a successful stay at the hotel. The front end has software that handles the point of sale, account receivable, banquets, conferences, restaurant, housekeeping, inventory, payroll, among other apps and modules that connect to make the hotel run successful smooth. The information that is stored in these systems generate reports that the hotel can review for decision making. Much like other software, technology can be exhausting at times when it doesn't do what we want it to do. The hotel software market is full of many different option management can choose do off with. A few things a hotel should consider when choosing software should be: How many modules will your new hotel software offer? Does your new property management system have third party products merged into it? Is your hotel software compatible with third party software? Does your property management system help you enhance revenue? Considering all these questions while choosing a new property management system can help management choose the best system that will be most beneficial for the hotel. As someone who has been part of choosing a PMS it is very important to consider everything. Every vendor tells you why theirs is the best. It takes a lot of time to review everything and determine what system will work best for the company. I think where companies go wrong when getting a new system is training. The companies I've worked for often do very little training. I think lack of training for employees contributes to employees not using systems correctly and to full capacity which causes errors in reports. As a sales director, I often read reports and knew the information wasn't correct and it was due to input error. This

This article was very interesting and it gives advice to any person thinking about opening a hotel in what software you can use. A hotel software is extremely important because that has all the guest information and store there experience that they had at the hotel. You have to see what software you want to implement when changing the hotel management system or property management system you need to know who is selling it to you and what is included in the software. If you are just getting a new system, you have to make sure that everything you already have is included and more. You also have to make sure that the software you get is compatible with a third party hardware. A hotel software system can make you or break you in a hotel. You really have to know the vendor that is selling you the software and make sure that they have experience with the software. The better the software that you have in the hotel, the smoother the hotel will run.

The article talks about the importance of using a PMS or Property Management System. The use of a property management system is very important to the success of a property. The article is also able to aid those who looking to implement a property management system by helping them narrow down what they will need. The article poses questions toward the reader to see what they are looking for in a PMS.

This article is about technology trends in the event industry. It talks about what event planners are doing to implement more technology in their events; it gives examples such as audience using smartphones to interact during the meeting, events, conference, etc. Now event planners use technology to collect information in real time, which helps them to adjust their event at the moment, this is a very smart strategy.

This article contains information about the expected event trends this year that will possibly increase ROI. The list of expected trends all surrounded the technological advancements that are enhancing event planning. The advancements include the increased use of smartphones to conduct business. This technological increase will also reduce company costs. It is also expected to improve company value. I agree with technology improving company value. Technology is advancing majorly throughout the world. It is also making it easier for companies and consumers to interact. Smartphones, alone, are very popular in today's economy and are a great example of technological advancement. Being that people already use their smartphones to check emails, save event dates and contact other people (whether over the phone or by video), conducting business will be somewhat simple to adapt to. Increasing company technology to reduce costs is a good move. However, the companies should keep in mind that losing one cost will only open the door for another one. When dealing with technology, there are always risks (usually malfunction risks). So, companies should keep in mind that there is a possibility that expenses will incur for the technological maintenance that will be needed to keep the technology operating.

The Great Recession has been come to end point; therefore, expected corporate and event spend will begin to rise from 9 to 20 percents in next two years. The author has scooped out 5 major trends that will rapidly increase Return on Investment (ROI) for 2013 and future. 1. Smart Events will take center stage: in 2011, 205 million people attended 1.8 million events cost more than $263 billion in direct spending in the U.S alone. But only 25 percent of organizations see its effective, in 2013 organizations will choose smart event technology to help them operate more effectively 2. Automation will help event planners reduce expenses: Strategic meeting management ( SMM) technology can help event planners adapt to new methods to identify event-related functions and reduce costs. 3. Planners will achieve greater efficiency through solution consolidation: In the future, organizers will lay out their workloads by choosing consolidated solution, saving time and freeing up event planners to focus on making event better and well organized. 4. Event  organizers will engage audiences with smartphones: New all-in one apps will help organizer to provide all the information needed for attendee about the event. 5. Meeting planners will leverage technology to gather in-dept attendee information: focusing on the need of attendee is a crucial part of event planner, to be able to get requirement of attendee in real time will help organizer to adjust their plan, strategies on the fly and increase ROI. Increasing the need for events in 2013 and future requires event planner to be able to get familiarize with new event trend and technology to minimize the cost and maximize the ROI for an organization.

This article talks about how events have changed throughout the years and especially because of 9/11. before this day the event planners and safety personel were focus on traffic control but now it is more safety concerns and the prevention of terrorist attacks. It discusses how and why technology can help them and shows many different examples that were real life like the super bowl an the presidential debates. it also stresses how important it is to know the technology and not to learn it in a crisis. Also it helps in choosing what technology to use. There are so many options out there and there is definitely a way to do all this without technology but technology can help and make it a lot safer and more effective.

Events can be successfully planned, executed and reviewed without the use of technology. However, there are affordable technology solutions that can ease the burden and provide enhanced situational awareness during an event. And the new high tech, E-Sponder, really assist in the automation of business processes, expecially the event planning. E-Sponder was used to automate many critical business processes during the debate and consequently provided real-time information sharing and reduced resolution time for unplanned events. In addition, it gave complete situational awareness both inside and outside the command center to all of those involved in securing the debate activities.

The article outlines five tips to use when choosing the right PMS. The benefits of using a PMS assist with the efficiency of staff completing essential tasks quickly. A PMS assist various businesses in keeping a competitive edge to increase revenue. When choosing a PMS it is important to asses the needs of operations and processing in order. Purchasing a PMS within an allotted budget instead of overspending. Using a PMS with a booking engine will increase direct booking instead of paying commission to third parties and increase revenue for the establishment. It is important to conduct research on support services and current customer reviews when selecting the right system.

This article explains what the software can do and more importantly advises the client to really examine what they nee before purchasing a solution.

Human resources is a very important part of how businesses operate. In today's world, having HR systems in place is a must. But choosing the HR system to fit your need must be well thought out. It is not easy to choose what will be best for your business, but once you find the best option, it will assist in helping your business's success or better integrate your old system to new for maximized profits. A good HR management system allows for a lot of integration of information from your employees, time clock, taxes, monitor applicants,training and development and so much more. This article identifies how a good HR management system can assist your business's success as well as offers insight into ones that may be best suited for your business.

The article overall discussed the the most necessary things one must observe when choosing a new PMS system. A PMS system must first of foremost be budget friendly. PMS system is the main software for a hotel so the cost is valued highly. Most companies would prefer a pms system that is cost efficient. A PMS system also needs to be easy to use, it must be able to be handle by employees and easy to read and maneuver. The PMS system must also be secure and have controlled access. It also needs to be able to mold to the hotels system.

The article overall discussed the the most necessary things one must observe when choosing a new PMS system. A PMS system must first of foremost be budget friendly. PMS system is the main software for a hotel so the cost is valued highly. Most companies would prefer a pms system that is cost efficient. A PMS system also needs to be easy to use, it must be able to be handle by employees and easy to read and maneuver. The PMS system must also be secure and have controlled access. It also needs to be able to mold to the hotels system.

This article is telling us about some advantages of cloud computing in hospitality industry (hotel industry). You won`t need to store any data outside if you invest in Hotel Property Management System (PMS). There are advantages in cloud computing in hotel industry both for hotel staff and guests.

This article describes a new tool to measure and aid in guest satisfaction. Through a strategic partnership, Infor (a business application software company) enlists TrustYou (a market leader in online reputation management) to help create a system used to provide real-time access to positive and negative feedback from guest. There are three widgets designed to search through data and streamline them into summaries that hotels can use to enhance their customers experience. All information reported is current information, that way hotels can quickly respond to their guests. This technology is key in creating the best guest experience possible and it allows hotels to do so within a matter of minutes. The real time access feature would allow hotels an opportunity to turn a would be negative experience into a positive one. Hotels rely on "word of mouth" Marketing, especially with social networks, blogs and message boards becoming such a huge part of the daily exchange of information. We must admit, a lot of us value the opinions of our Twitter followers. It is vital for hotels to keep up with these different areas of communication so they can strategically position themselves in an ever growing and competitive market. They can address concerns immediately while at the same creating opportunities to build their brand. Hotels must utilize this advanced approach if they want to survive in this industry.

This article describes the infor company（a leading provider of business application software） and trust you（a market leader in online reputation management） built online reputation management software for hospitality industry. Hoteliers could access to the social senciment on a real time. From the customer's perspective, there are many factors related to choose a hotel form more than hundreds choices. Not only the hotel's facilities and services, but also the reputation on the internet will influnce customer's slection. Nowadays, with the rapid development of social networks, the senciment plays a great role in people's life. For example, in China, there is a web-site, named as "Quna". On that web-site, people share the travel information, rate the restaurants and hotes. The new travelers could get some ideas about the hotel choosing. Therefore, the hotel manager must pay attention to the public reputation management in time. Now, the hoteliers could access to the social senciment in real-time via a series of dashboard, embedded widgets. What's more, by this tool, the hotel employees could correction error, redeem hotel's reputation, improve customer satisfaction, and improve hotel's occupancy rate.

It appears that American Airline is about to remove itself from the tradition global distribution system and introduce its own distribution system. American Airlines is advocating for distribution companies to utilize AA direct connect which is a direct link into AA's host reservations system. Currently American Airlines fares are no longer available on Expedia or Orbitz sites. This is because no contractual agreement was reached for the distribution of AA products. Travel professionals are waiting to see the result of this bold move by American as this has great implication for the future of airline distribution systems. If American Airlines pulls away from the mainstream GDS, consumers and travel specialist alike will be faced with the inconvenience of going to a separate reservations system to compare fares. Although travel professionals are now urged to use direct connect on a trial basis, the general feeling is that eventually they will be charged to sell American Airline flights. To defend this move American Airline is only saying that direct connect will make it easier for them to tract ancillary fees like priority seating. It was noted in the article that Southwest Airline for the most part is a stand alone reservations system but they do not negotiate with the GDS companies to sell their flights. It is therefore quite evident that this move by American is really to reduce expenditure by eliminating the middle GDS companies while increasing revenue by charging travel partners for utilizing direct connect. American Airlines clearly wants to globally control their distribution system and maximize revenues. Contract renewal for both world span and sabre are due and the experts are waiting to see if American will renew with them. Sabre is owned by American Airlines so its a wait and see game to see how all this will be panned out. The real problem for the consumers and travel specialists are that if other airlines are to follow this move by American the tra

This article explains the distribution route American Airlines is taking to sell their flights. Due to not seeing eye to eye with the two most probably used websites for travel, Expedia and Orbitz, American has now taken their products away from both airline distribution sites. American suggest that all travel agencies and distribution companies begin using Direct Connect, which is a system for only American Airlines flights. If this would happen, travel agencies and companies will then begin having to pay for the system in order to sell Americans flights. At the moment you can still book flights through other distribution sites, but until when will that be? They already stopped Orbitz and Expedia, what's not to stop the others. The future of global distribution systems will be up in the air if all airlines choose to sell their own systems to be able to sell reservations. The only positive that was pointed out in this article was that if this system takes over, then more consumers will have to go back to using travel agents to secure the best reservations for flights and such.

With the contracts for major global systems, Worldspan and Sabre, being up for renewal in the near future, this article analyses the possible outcomes for airlines, and alternatives should they choose not to forgo continuing use of GDS

Another interesting article that we all can relate to. A study recently had results disclosed where 500 people were surveyed into how they decide on where to eat out and how internet sites are influencing decisions. To start off, about 50% of people who go out to eat refer to a friend before making a decision on where to eat. As it relates to our class, before choosing a place to eat, 27.7% of consumers use a user generated review site and 27% use the actual restaurant's website. Consumers preferred to use user friendly websites the most and sometimes even referred to blogs for opinions. Google was actually cited as the third most utilized website for those seeking a second opinion with 16.5%. I thought the most interesting fact was that Food Network actually ranked on the list to getting some more insight on where to eat, with 1.7% of consumers using that website. Next time you are going out to eat somewhere, think about if you use websites or apps to assist you in making the decision. I guess you can make a review site about anything.

Google Transit, which uses data from over 500 global markets' transportation systems, is partnering up with Google Hotel Finder to make tourists' stays more time efficient. Google Hotel Finder added a new filter that shows consumers the maximum travel time from any point of interest to their hotel. It has placed a 20 minute default distance from point to point. Tourists can type a specific attraction, like Buckingham Palace, and it will show you hotels within 20 minutes of it. Google also allows you to choose the transit time; the smaller the time the smaller number of hotels within the range. Moreover, Google Hotel Finder can also search for hotels in selected areas for popular city locations. Prior to this, Google had Google Calendar, which allowed business consumers to choose hotels based on travel distance to their business meetings. Overall, Google's Hotel Finder targets both the leisure and business consumers. As a consumer searching for hotels in unfamiliar areas, this feature would be really beneficial because it allows me to plan my stay more accordingly. Usually, consumers choose a hotel based on travel time from the main points of interests, whether they are attractions or business meetings. Google Hotel Finder will now share this information with consumers before they actually even choose a hotel. I have a strong inclination that this type of consumer technology will drive hotels to use travel times as advertising tools when they use Google as an advertising medium.

This article introduces brief suggestions about how to select a hospitality call accounting system. And the best way is to have a checklist identifying requirements in descending order from mandatory through to "nice to have." Such as, (1). A call accounting software package must be proven and specific to the hospitality industry. (2). Because of the VoIP (Voice over Internet Protocol) PBX (private branch exchange) has now superseded the TDM (time-division-multiplexing) PBX, so the solution needs to be compatible with hotels' existing PBX and whatever comes along in the future. (3). Hotels should choose different call accounting systems based on Single-site or multi-site businesses they have. (4). And the hospitality call accounting systems should integrate seamlessly with all major accounting software packages. (5). Software updates should be provided regularly (6). Competent 24x7 support is essential to assure hotels cost recovery and protect against revenue loss. (7). Software is easy to use and clearly but succinctly documented due to the high turnover of staff in hotels. And a web interface is a nice to have, but not an essential feature. Of course the best choice can vary because of different operation in hotels.

For hotel managers, there are dozens of hospitality call accounting options to choose from and depending on the nature of a particular operation the best solution will vary. This article offers a checklist for selecting a hospitality call accounting system.

There are several ways for small business to track income and expences. At first checking with a business accountant is an important step of choosing right accounting software. Checking business forums also can be a good idea of finding best solutions for owners of small enterprises. If the business owner is into service business he needs accountung software which can track time and billing but if he is the owners skill level must also be considered. Some accounting applications in the internet offer trial runs, so trying them can be a good way of finding whats best for this particular business. Cloud applications can also be very helpful, avaliable and accessible anywhere, anytime and very mobile, because you can use them from phone, pc or a tablet. You don't need to buy servers to host the software hosted in icloud. For sure it has some disadvantages like privacy, security, and fees, if any problems in the system occur the owner will need to wait for vendor to resolve it. Choosing the best solution for accounting of small business enterprise owner will have to weigh all advantages and disadvantages in order to find what is the best solution for its business.

i agree!! choosing the proper accounting system can make operation goes smoothly.