From Fragmented to Unified: Why a Global Chart of Accounts is Key in Hotel Reporting

By Elisa Fritsch

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 […]

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3 Top Trends from The Hospitality Show 2024

By Jaime Goss

Last week’s The Hospitality Show rounded out the major conferences for 2024. HIA’s team participated with a booth and spoke with many hoteliers on the tradeshow floor. Here are the top 3 trends hoteliers and integration partners were speaking about in finance and technology.

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6 Tech Takeaways: The Lodging Conference 2024

By Jaime Goss

At the recent Lodging Conference 2024 in Phoenix, Arizona, industry leaders gathered to discuss the current trends and forecasts for the hospitality industry. The Hotel Investor Apps team was busy in meetings and technology conversations – here are 6 key takeaways trending with tech leaders today:

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Exciting New Enhancements to HIA’s Budgeting Software!

By Jaime Goss

Hotel Investor Apps (HIA) is excited to announce a series of powerful new enhancements to its Budgeting & Forecasting Module, as part of its hospitality ERP platform. These improvements are designed to streamline budgeting workflows, reduce repetitive tasks, and provide greater control and precision over financial planning for hotel operators.

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The Power of Advanced Dashboards for Hospitality Financial Management

By Elisa Fritsch

“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 […]

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REPAY Integration Update!

By Elisa Fritsch

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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How to Choose the Right ERP for Hospitality [+ Free Checklist]

By Jaime Goss

Choosing the right ERP system for your hospitality business can transform the way you operate, offering streamlined processes, real-time insights, and improved profitability. This comprehensive guide covers essential factors to consider when selecting an ERP tailored to hospitality, from evaluating key features and integration capabilities to understanding total costs and ROI. Whether you’re a third-party management company or a privately owned hotel, these best practices will help you make an informed decision that supports long-term success. Discover how to choose the perfect ERP for your hospitality organization, and get a head start with our free ERP Features Checklist.

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Leveraging Labor Intelligence to Control Labor Costs

By Elisa Fritsch

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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Boosting Efficiency for Hotel Management Companies: 5 Transformational Benefits of a Hospitality ERP

By Elisa Fritsch

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, […]

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HITEC Charlotte 2024 Recap: The Right Time for Technology

By Elisa Fritsch

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 […]

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8 Ways Technology can get you a Faster, Smoother, Month-End Close

By Jaime Goss

For hotel accountings, closing monthly books can be a time-consuming and detailed process. This article covers 8 ways that technology can help speed up the month-end close.

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4 Best ERP Software for Hotels in 2024

By Elisa Fritsch

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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Thinking Big: Why Portfolio-Wide Accounting Implementation is Superior

By Elisa Fritsch

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 – […]

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Deciding Between Hotel Accounting Software or a Hotel ERP? The Key Differences You Need to Know

By Jaime Goss

In today’s competitive hospitality industry, choosing the right back-office hotel software can significantly impact your hotel company’s efficiency and profitability. You need a system that provides real-time information on the financial health as well as performance of each hotel, and the portfolio. For financial well-being, it often boils down to a choice between specialized hotel accounting software and a comprehensive hotel ERP platform. Each solution has advantages depending on the needs of the hotel management or ownership group. In this blog, we’ll explore the key differences between these two types of software, helping you determine which is best suited to meet the specific needs of your hotel business.

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Exciting New Enhancements to HIA’s ERP & Accounting Software!

By Elisa Fritsch

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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The Best Time of Year to Implement a New Hotel Accounting System

By Elisa Fritsch

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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Hotel Investor Apps Hires New Director of Customer Onboarding

By Jaime Goss

Hotel Investor Apps (HIA), the hospitality-specific ERP and Accounting platform, announced today the addition of Matthew Polk, MBA, as Director of Customer Onboarding.

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What’s the Big Deal with Bank API?

By Elisa Fritsch

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