Resources and insights

Business Intelligence

How AI Improves Hotel Financial Reporting

AI improves hotel financial reporting by automating the data preparation steps that controllers spend the most …

Accounting

Hotel Accounting Automation: 6 Benefits for Management Companies

Hotel accounting automation delivers six measurable benefits for management companies: faster close cycles, fewer accounting errors, …

Hotel Industry

What Systems Do Hotel Management Companies Use?

Hotel management companies typically run a core stack that includes a property management system (PMS), hotel …

Procurement

The Procurement Cart Optimizer Just Got Smarter: More Savings, More Control, Zero Guesswork

Optimized hotel procurement is all about balancing cost with consistency. Sometimes an exact replacement is what you …

Accounting

Hotel Budgeting and Forecasting Explained

A hotel budget is an approved annual financial plan set before the year begins. A hotel …

Advice for Hoteliers

10 Financial KPIs Every Hotel Management Company Should Track

Hotel management companies that track the right financial KPIs can identify performance problems weeks before they …

Accounting

Best Practices for Hotel Accounts Payable

The best hotel accounts payable practices combine centralized processing, standardized GL coding, documented approval workflows, and …

Accounting

How Hotel Accounting Integrates With Labor Systems

Hotel accounting and labor systems must share data to produce accurate department-level P&Ls, allocate wages correctly …

Labor

How Hotel Managers Track Labor Performance

Hotel managers track labor performance through cost per occupied room (CPOR), labor cost as a percentage …