With tariff disputes threatening supply chains and tourism forecasts, savvy hotel management companies are building contingency plans to stay ahead. One proven way to strengthen cost containment? Gaining more control over how you manage and monitor vendor spend. That starts with a Global Vendor List—a key feature of advanced accounting platforms like HIA’s ERP—designed to give...
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The hotel industry has no problem adopting technology to improve guest experiences and front-of-house operations, so why are we often stuck in the past with outdated financial processes and technologies that create delays, limit visibility, and lack the flexibility today’s owners demand? Tech-forward hotel management companies are turning toward modern financial technology that delivers timely...
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The migration of historical financial data is one of the most critical yet challenging aspects of transitioning a hotel to a new management or accounting system. Without properly migrated historical financial data, hotels risk losing valuable insights that drive financial planning, forecasting, and operational decision-making. In this guide, we’ll explore the common pitfalls of historical...
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Hotel Investor Apps (HIA) is excited to share that we are the recipient of the “2025 Excellence Award" for an ISV vertical from Acumatica ERP.This award recognizes HIA for the high degree of innovation, overall excellence, and high performance of it's ERP & Accounting software designed for hotels. (With it's foundation on the Acumatica platform.)HIA's...
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Hotel Investor Apps (HIA) regularly releases new updates to keep improving our ERP & Accounting platform. We are pleased to announce that the next roll-out period for updates will be February 15th to March 15th, 2025, during which new features will be gradually deployed to all customers. “We are excited to get out of the gate...
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January 14th, 2025 - Hotel Investor Apps (HIA), the leading hospitality ERP platform, today announced its receipt of Hotel Tech Report’s level 1 “Global Customer Support Certification” (GCSC). This distinguished third-party certification recognizes Hotel Investor Apps for its investments into the tools, processes, and strategies to ensure the ongoing success of its customers. Chip Fritsch, COO...
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2024 was a great example of our dedication to making HIA ERP & Accounting platform the best in the industry. The HIA in-house development team built new software integrations, enhanced key areas of the system like Budgeting & Forecasting, Bank Connect, and Business Intelligence, as well as improved the overall user experience.
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As portfolios grow and management teams request more real-time reporting, there can be pressure on the hotel accounting and operations teams to produce more intelligence faster.
So then, how do you deliver on increasing demands without driving up staffing or burning out your team?
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As hoteliers work their way through budget season, it’s a time when their attention rests once more on that simple, yet vital, backbone of hotel accounting, the Chart of Accounts.The Chart of Accounts is a list of financial categories and account codes used by a business to record and categorize its financial transactions. This humble...
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“The numbers are… how we keep score in the game of hotel management.” - David Lund, hotel financial coach and author, “The Prosperous Hotelier”If numbers are how we keep score in hotel management, then hotel teams deserve the best scoreboards possible with which they can track performance against budget and keep their eyes on the...
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Hotel Investor Apps (HIA) is happy to announce enhancements to its API integration with REPAY rolling out over the next several weeks. This update provides more detailed payment information within the HIA system so that users can more easily reference and provide proof of payment. For example, check payments will now include the check number, a...
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More companies are turning to labor intelligence in response to rising labor costs and unprecedented labor shortages. Higher labor expenses can affect profit margins and profitability, and if there are not enough staff to meet business demands, it can also affect service levels and guest satisfaction.
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Hotel management companies are looking for solutions for boosting efficiency as they juggle challenges of portfolio management including hotels at all different stages of the development and renovation pipelines, as well as larger issues of labor scarcity, rising labor rates, and how to do more with smaller teams. In the hotel back office, legacy systems, error-prone...
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It was a great HITEC event this year - attendees and exhibitors alike were all talking about the high energy and high attendance of the show held in Charlotte, North Carolina last week. Nearly 6000 attendees and 325+ exhibitors filled the Charlotte Convention Center to focus on all things hospitality tech.Factors Converging for Tech AdoptionThe...
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Enter the growing popularity of Enterprise Resource Planning systems (ERPs) for hotels that provide consolidated functionality in one platform. Hotel ERP’s stand out from other software in that they are built to integrate different aspects of the business into one consolidated system.
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When a hotel company gets ready to start working with a new accounting system, most plan to take the plunge with a universal go-live date for all properties. However, sometimes hoteliers request to only onboard one or two hotels out of the portfolio to start.There may be very valid reasons for this request - the...
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HIA, the premiere hotel ERP, has announced a new integration with Microsoft Teams as part of its latest enhancements. Other recent enhancements include improved mobile app experience, and improved GL error detection.
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Having a streamlined back office merrily humming as it processes revenue and expenses is the dream of many hotel finance teams. And it is an achievable dream with a digital transformation of that cornerstone of the hotel back office - the accounting system. The accounting system is the key to providing more accurate, comprehensive, and...
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