Savvy hotel management execs know that the same technology that worked for a 10-12 hotel portfolio doesn’t always work when that portfolio is rapidly growing. Adopting tech solutions that scale can be the difference between earning the next deal or being left behind.
While you may worry that moving to a new accounting software may be a complicated and time-consuming process, in reality when best practices are followed it can be surprisingly seamless and timely.
The process can be broken down into 3 Phases: Orientation, System Setup, and Deployment, each of which can take roughly a month.
To keep the implementation on schedule, it is important that both teams are responsible for timely deliverables and milestones. Much of the setup, including historical imports and report writing, is handled by HIA. Your team is responsible for providing timely, accurate data and validating all imports.
One important best practice is to select an internal Project Lead who will be the point person for the implementation. Another is to implement the whole portfolio at one time onto the new software rather than using a piecemeal onboarding approach, which can cause issues with integrations, PMS feed limitations, roll-up report challenges, and more. Implementing the whole portfolio at one time means you will more quickly experience the benefits of the system - the accuracy, efficiency, and better portfolio-wide visibility.
As the competitiveness of the hotel industry continues to grow, many hoteliers are turning to real-time reporting dashboards to keep track of everything they need, from occupancy to overtime.
Our new E-Book shares the latest on real-time, role-based dashboards.
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