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anonymous

Hotel Accounting Software, Hospitality Accounting Software - 1 views

  • Improve cash flow management and revenue forecasting with real-time visibility into current inflows, outflows, and revenue streams.
  • Intacct hotel and hospitality accounting software offers easy, cloud-based integration with leading applications for payroll, attendance payments, and more—so you can streamline data entry throughout your hospitality business.
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    My article is about Intacct, which is ahospitality accounting software. This software is considered as one of the best software in the hospitality industry for multi-property hotel businesses, restaurant chains, entertainment business and more. With Intacct, you can automate your hotel accounting and financial management, gain greater visibility into hospitality business and make decisions that will boost profitability. With less focus on accounting solutions in the hospitality industry, hotels, restaurants and other hospitality facilities can concentrate more on customer satisfaction. With intacct, a business can enhance and boost efficiency, analyze performance and improve it and also experience the cloud advantage, which makes everything better, easier and more accessible nowadays. Intacct provides hospitality facilities with secure, web-based access to up-to-the-minute information, so anyone can do their job, from any browser, on any device.
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    The article that I chose for this week was on Intacct, which is an accounting software that a lot of places in the hospitality industry uses. The intact make a general manager and accounting manager life so much easier because it allows you to see everything that is happening in the hotel, number wise, and it helps you make smart decisions and also ways to make more profit for your hotel. Intacct really helps the hospitality business focus on customer satisfaction, which is probably the most important thing that you should care about. This system also allows your staff to view financial information about a location without having to look at other locations. The Intacct also help you track real time performance across your location. So the Intacct financial management system helps you grow better and faster as a business because you can actually visualize your numbers better and be able to access it from anywhere since it is web based.
sophiestein1992

Hotel Accounting Software and Hospitality Accounting Software | Intacct - 0 views

  • . Improve cash flow management and revenue forecasting with real-time visibility into current inflows, outflows, and revenue streams.Experience the cloud advantageIntacct hotel and hospitality accounting software offers easy, cloud-based integration with leading applications for payroll, attendance payments, and more—so you can streamline data entry throughout your hospitality business. And it provides each of your facilities with secure, web-based access to up-to-the-minute information, so anyone can do their job, from any browser, on any device.Customers’ favorite features include:General LedgerReporting and DashboardsMulti-Entity Management and Global ConsolidationsCash Flow ManagementIntegration  Featured webinar: Intacct Product Tour Wednesday, Feb. 11 10:00 am PT Register now > Learn more CUSTOMER SUCCESS STORY Regent Entertainment We’ve been very impressed with the deep functionality provided by the Intacct financial management system. The increased financial visibility from Intacct's reporting and dashboard capabilities enables us to better manage our business as we grow. Greg Hooper VP of Hotel Accounting Gemstone Hotels & Resorts
  • Intacct customers in the hospitality industry operate multiple-property hotel businesses, restaurant chains, entertainment businesses, and more
  • you can automate your hotel accounting and financial management, gain greater visibility into your hospitality business, and make decisions that will boost profitability
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  • Enable your staff to enter and view information for specific properties and locations, without giving them access to the financials of other locations or the entire business.
  • Track real-time performance centrally and across all of your locations. View your information by individual location, by groups of locations, by concept, by region—or by any other dimensions you use to measure performance
jfuen093

Hospitality Accounting Software, Hotel Accounting Software | Sage Intacct - 1 views

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    Cloud-based systems are a great way to keep track of a business anywhere you are. They are also great to keep people connected and informed of what they need to know. Sage Intacct is a cloud-based accounting software that is great for hotels, restaurant chains, entertainment venues, resorts, clubs, or other hospitality businesses. It automates hospitality accounting and financial management to give greater visibility into one's business and help make decisions to boost profitability. With the system, your staff can enter and view information for specific properties and locations, without seeing the financials for other sites and businesses. It has features such as franchise operations, fractional ownership, global business units, and other complex holding structures. The greatest part of this system is that it helps keep up with evolving revenue recognition requirements. The system is also great for different ways of measuring performance by viewing accounting and finance information of individual locations, groups of locations, concept, region and/or other dimensions.
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    This article gives a solid overview of hotel and restaurant accounting systems and presents the vender's perspectives.
Adam Herrmann

Synergy Business Solutions Offers 30-Day Trial of Intacct® Cloud Financial Ma... - 0 views

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    Synergy Business Solutions is now offering a free 30 day trial of its new financial management and project accounting software. The new software is award winning and is just what hoteliers looking to upgrade systems is looking for. Already we have seen how cloud systems have been taking the business world by storm because of its lower start-up costs, superior ROI, and ease of upgrades, and this is just another example of that. The 30-day trial start-up is quick and easy and allows you to invite colleagues to experience the new system as well. The system is aimed at making it easier to maximize profitability, streamline financial management, manage revenue, and integrate their CRM with accounting. http://www.sfgate.com/business/prweb/article/Synergy-Business-Solutions-Offers-30-Day-Trial-of-4305797.php
gulsevim

Cloud Software Allows 700-Acre Resort's Financial Team to Regain Significant Man Hours ... - 0 views

  • When Tetherow, a now 700-acre resort in Bend, Oregon, first opened as a golf course and clubhouse in 2008, we were a small business with big ambitions.
  • Today, Tetherow is made up of twenty individual entities rolled into one wholly owned subsidiary, including a 50-room boutique hotel, a pool, two restaurants, vacation rental homes, an events pavilion, a recreation center, a golf academy, and various residential neighborhoods, as well as the 18-course golf course that started it all. In addition to our leadership team, our rapid growth has been led by our financial team’s investment in a technology that allows us to grow fast, under pressure, and with limited risk.
  • We came to realize that the technology and accounting systems that we had added piecemeal over the years to support our burgeoning business, a combination of Jonas restaurant software, QuickBooks, and Excel, didn’t allow us to scale and sustain growth.
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  • After doing some thorough research, we decided to invest in Sage Intacct, a cloud-based financial ERP, because we felt its features – particularly automation – could take on our day-to-day tasks, and give our finance department the time in their day to provide trusted strategic advice, rather than mostly crunch numbers.
  • Our finance team was able to shorten our consolidations process from more than a week to less than four hours per month, cut our monthly close in half – from twenty to fewer than ten days – and regained 24 hours a week – previously spent on cash analysis.
  • Most importantly, a cloud-based financial ERP changed our culture. The finance team saw productivity gains that made us better business partners across the organization. We could provide advice on strategic business decisions
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    Security has always been an issue for financial services which led to avoidance of some new technology systems. Due to advancements in cloud systems, I think it is time for financial services arms of hospitality organizations to reap the increasing number of benefits of cloud computing. Also, cloud-based financial Enterprise Resource Planning (ERP) helps companies enter new markets, explore new opportunities, and strengthen their business processes. Cloud-based financial ERP has certainly helped Tetherow Resort by reducing costs and allowing their finance department to concentrate on their strategic business matters rather than dealing with IT and infrastructure issues. By switching to a cloud-based system, Tetherow Resort was able to reduce the amount of infrastructure stored onsite, reduce costs of the process and develop new strategic plans. In my view, there is a huge potential in cloud-based financial ERP in for financial and even non-financial companies, because through this system companies' finance departments are able to increase the efficiency of their operations.
smones

Square for Restaurants Gets Plate IQ Tool | PYMNTS.com - 0 views

  • Plate IQ has cozied up with Square, announcing on Tuesday (May 15) an integration with the new Square for Restaurants service.
  • The deal involves Plate IQ’s daily sales software, which enables restaurants to “automatically input guest payment data from Square for Restaurants into many existing accounting software platforms and create valuable summaries of daily transactions, alleviating the typical manual-entry demands placed on general managers,” according to a Plate IQ press release.
  • The integration also will let restaurant workers “automatically attribute daily sales to the correct general ledger account for more accurate and detailed bookkeeping,” review revenue from various locations on a single screen and see real-time sales and purchasing data, allowing restaurant operators to estimate their cost of goods sold.
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  • In addition to creating room for error, these outdated practices place burden on already busy managers,” said Bhavuk Kaul, co-founder and CEO of Plate IQ. “Plate IQ’s integration with Square for Restaurants gives owners and operators access to last night’s sales accurately accounted for, automatically, by morning.”
  • Plate IQ said its software Daily Sales integrates with existing accounting software including QuickBooks Online, Sage Intacct and Xero accounting software
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    Plate IQ has formed a partnership with Square announcing an integration with Square's new Restaurant service. Plate IQ's daily dales software enables restaurants to "automatically input guest payment data from Square for Restaurants into many existing accounting software platforms and create valuable summaries of daily transactions." This integration has multiple benefits including more accurate, faster and detailed bookkeeping and more efficient cost of goods sold management. At my restaurant, we use a very similar software to this called Avero. Avero is integrated with our Aloha POS system and the information is automatically inputted every morning from the day before. As a General Manager, I find software like this necessary to day to day operations. It enables me to generate reports on product mixes, individual server sales, categorical sales and even enables me to monitor labor compared to my revenue.
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