The True Cost of Not Updating Your Hotel Accounting Software
Discover the hidden consequences and missed opportunities that arise from neglecting to update your hotel accounting software.
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Author: Chip Fritsch
Co-founder and COO Chip Fritsch, instrumental in overseeing HIA's daily operations, brings 15+ years of hospitality industry experience to his role. His responsibilities span from product development to business growth strategies and client onboarding. A former full-service hotel General Manager, Chip knows the in-and-outs of hotel operations and that motivates him to develop new products and services to best support hoteliers. The past 7 years have seen Chip immersed in hospitality software where he has been pivotal in helping HIA win the Acumatica Development Award.
When and Why You Need to Switch to a Hotel-specific Accounting System
Discover the importance of transitioning to a hotel-specific accounting system. Learn when it’s time to make the switch and why it’s crucial for streamlining financial operations, improving accuracy, and maximizing profitability.
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Embracing Technology to Stay Ahead in the Hotel Industry: Trends and Predictions for the Future
As talk about AI and machine learning continues to grow, we can't help but wonder what role will these technologies play in shaping the future of our industry? Right now, these technologies are built into many of the best business intelligence (BI) tools, giving us the ability to quickly and accurately analyze data to predict...
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Revenue Management for Hotels: 5 Best Practices to Boost Your Bottom Line
In today's competitive market, revenue management is key for hotels to optimize revenue opportunities. With digitally-savvy and cost-conscious travelers on the rise, hotels must maximize profits while providing top-notch service. That's why we've put together five best practices for revenue management that can help hotels boost their bottom line.From conducting competition analysis to implementing dynamic pricing and...
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Excel vs. Cloud Reporting for Hotels: Why You Should Switch to the Cloud
Cloud reporting is the future of hotel analytics whether you’re consolidating your portfolios, running your financials, or conducting labor management. Yet, many hotels still run their reports through Excel because, well, old habits are hard to break. Even though Excel comes in handy when your hotel accounting software has limited reporting options, it genuinely lacks...
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