One of the advantages of digital transformation is the integration and synchronization of your data. Your banking data should absolutely be included in this process. Cash management is too important to not have real-time bank balances; and modern banking integration technology makes it easy to access.
See the 3 major benefits:
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There are two reasons you might get stuck spending more time thinking about something than it even takes to do the something. First, you might get stuck in the research phase. Secondly, you might get stuck overthinking and worrying.
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When making the move to modern hotel accounting software, the goal is to do things better. To automate tasks and streamline processes. But any new program takes some time to learn the new way of doing things.
When evaluating new technology providers, look for qualities that will make the transition easier on you and your team. Plus, here is a reference of actual approximate training hours by role for a Hotel ERP software.
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Is being short staffed a good reason to not upgrade your hotel technology?
Hotel staff are doing double or triple duty. GMs are plunging toilets and corporate accountants are checking-in guests. How can you ask your team to learn a new software right now?
On the other hand, consider what is being sacrificed. Do you have the financial reports on-time to make important operating decisions?
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The role of the hotel company CFO is changing. There is tremendous pressure on accounting teams to deliver information and financial reporting quickly as operation department leaders depend upon timely financial analysis to take quick action in changing markets.
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These have been challenging times for hotels. But now, you are ready to upgrade your hotel company’s financial management and accounting software. You’d like a solution that compiles and organizes your data from all your various data sources for clear, actionable insight. You’ve even chosen the Enterprise Resource Planning (ERP) platform. But you may still be daunted by the transition process. You need an implementation plan. Here are 4 steps to follow for a successful ERP implementation.
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January is a great time to look ahead and plan for the growth and achievements we desire for the year. It’s crucial to put thought and intention into business success.
So, what does your company need to succeed? How can technology bring you closer to your goals? What can you do to smooth the implementation of new technologies?
We are very excited about our tremendous growth this year and the growth we have on the books for 2022. Despite, and sometimes because of, challenging times in the industry, more hotel companies are turning to Hotel Investor Apps to modernize their back-office systems and focus on efficiency and success. Our growth demonstrates the demand for hotel-specific, fully integrated ERP platform for hotel ownership, management, and accounting firms.
Cash Management is an integral part of financial planning. Bank reconciliation is the most important tool to make sure that your cash account is complete and accurate. Processing your bank reconciliation in a timely manner allows for numerous benefits…
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The latest news always seems to be breaking a story about a new security breach at some company. If your server is down the hall, or your Quickbooks is on your desktop, you may think you are safe; but the opposite may be true. Control of location is not the same as control over access to your data. When you want security, what you really want is data durability and availability.
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You may think your company’s current systems and processes are working for you, but unless you are moving forward, continually improving, your company is falling behind. Digital transformation is about rethinking the way you do things to optimize your business through technology. For hotel companies, digital transformation, via a cloud-based ERP, takes the business from slow and labor intensive to a fully connected business with streamlined processes and integrated data . . .
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When Makan Hospitality, based in Little Rock, Arkansas, decided it was time to upgrade their back-office and accounting software, they chose the best and only full enterprise resource planning platform for the hotel industry, Hotel Investor Apps (HIA) ERP & Accounting software.
What is a major hurdle to timely and accurate financial statements? For many, it is inefficiency in your purchasing processes. As soon as an order is made, your company has created a new liability. It is impossible to have accurate balance sheets or financial statements when there are unknown liabilities outstanding. Spreadsheets and even stand-alone Purchase Order software cannot compare in efficiency or accuracy to a purchase order module that is tightly integrated with your financial management software.
Merani Hotel Group, an independent hotel management company with hotels and restaurants in Canada and the U.S., has upgraded their back-office software to Hotel Investor Apps ERP & Accounting for Advanced Capabilities, Software Integrations, and International Functionality.
Hospitality leaders know that sharing data across departments and across different software systems is the key to understanding trends and making strategic business decisions. Streamline operations, manage costs, reduce errors, save time, and get more business intelligence with automatic integration of the Point of Sale (POS) system data with your hotel accounting software, while also automatically integrating the Property Management System (PMS) data.
There are many strategic reasons why now may be a good time to sell one of your hotels. But, if you are going to wait for a year or two for hotel market values to increase, you’ll want to start preparing now. There is one often overlooked way to increase your hotel asset value: clear and concise financial statements
Rainmaker Hospitality, a full-service hotel management company based in Kentucky, have moved their portfolio of 18 hotels onto the Hotel Investor Apps (HIA) software, the only cloud Enterprise Resource Planning platform specialized for the hotel industry.
Are your employees wasting time at work? Yes. But, not in the ways that you think. In the accounting department, hours every week may be frittered away doing rote tasks. Your time and your staff’s time is valuable, so why spend it logging into different systems and websites (including bank websites), manually reconciling bank transactions, searching for past records, entering PMS data, or doing any other tedious process.
Hotel Investor Apps Inc. has added R. Mark Woodworth and William H. Reynolds Jr. to its board of directors. “We are excited now to also have the support of such prominent industry leaders as Mark Woodworth and Bill Reynolds”, said Charlie Fritsch, CEO/board member, Hotel Investor Apps.
News Article
Hotel Investor Apps (HIA), the provider of the only hotel-specific Enterprise Resource Planning (ERP) platform and state-of-the-art, next generation accounting software, today announced that Coakley & Williams Management Company (C&W), a leading, nationwide, full-service hotel management company, has converted to its new platform to reduce hotel expenses and gain greater flexibility for its owners and property level management.
HIA, A Product Of © Hotel Investor Apps Inc.
