Intro To HIA’s Business Intelligence
A high level overview of the features and benefits of HIA’s Business Intelligence module.
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Category: Business Intelligence
2 Essential Business Intelligence Dashboards For Effective Hotel Management
As a hotelier, if you don't have access to these key metrics and performance indicators for your portfolio, with real-time data, then you don't have the information you need to optimize operations, reduce costs, and maximize profitability.
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Commitment to Innovation: HIA’s 2024 Development Highlights
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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8 Pro Tips to Optimize Your Hotel Budget for 2025
We all know that hotel budgets provide a valuable reference point for informed and effective financial management. However, creating those budgets can be an intricate and time-consuming task.
Between inflation, tight job markets, and the competitive hotel management environment, the pressure to set and meet ambitious financial goals can be substantial. As can be the pressure to produce an accurate and reliable budget, taking all the what-if scenarios into account.
As we are in the midst of hotel budgeting season, here are some pro tips and food for thought to make sure your budgeting is covering all the bases.
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Leveraging Labor Intelligence to Control Labor Costs
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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New Business Intelligence Integration with Inova
In HIA Intelligence, HIA’s business intelligence and labor management solution, the Inova integration will work directly with HIA’s business intelligence and labor management tool to help hoteliers make smarter labor decisions by offering real-time labor analysis.
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Major Enhancements Announced to HIA’s Business Intelligence Solution
Hotel Investor Apps (HIA), the hospitality-specific ERP, Accounting and Intelligence platform, announced today major new enhancements to its business intelligence solution, HIA Intelligence. The latest product release includes more insights into financial, operational, and labor data and an enhanced user-interface.
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Baywood Hotels Adopts Hotel Investor Apps Business Intelligence Software
Hotel Investor Apps (HIA), the hospitality-specific ERP platform, announced today that Baywood Hotels (Baywood), a privately held development and management company operating over 120 hotels nationwide, has expanded its utilization of HIA’s ERP & Accounting platform with the addition of HIA Intelligence, a business intelligence product.
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5 Best Business Intelligence Software for Hotels in 2024
They say knowledge is power. And in the competitive hotel industry, staying ahead of the curve means leveraging the right tools to convert raw data into actionable insights. That's where business intelligence (BI) software comes into play. Instead of sifting through spreadsheets and reports to get a clear view of your hotel's performance, you'll get a comprehensive,...
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ERP Development Highlights of 2023
Hotel Investor Apps is always developing and improving its hotel ERP platform. In 2023, HIA released state-of-the-art import features, added new integrations, improved user experiences, and expanded business intelligence features. Here are a few of the development highlights:
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Essential Hospitality Tools: What is Business Intelligence for Hotels?
Explore the world of Business Intelligence and its impact on revenue, guest satisfaction, and overall success in the hospitality sector. Learn how data-driven insights can drive growth, enhance operational efficiency, and unlock a competitive edge for hotels.
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Waiting for a US Recession is like Waiting for Godot: Does the Waiting Game Apply to the US Lodging Industry?
The recent failures of Silicon Valley Bank and Signature Bank, which could be a signal of more problems to come in the banking arena, are only the latest concerns regarding the U.S. economy. But this is not the only time analysts have talked about recession lately. Nick Timiraos recently penned a piece in the Wall...
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HIA Wins Acumatica Development Excellence Award
February 1st, 2023 – Hotel Investor Apps (HIA), the most advanced hotel-specific Accounting & Business Intelligence software, has just received the coveted Acumatica “Development Excellence Award.” The award was announced at the 2023 Acumatica Summit being held this week in Las Vegas.
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Newest Developments in Hotel Business Intelligence and Financial Management
2022 was a year of growth and expansion for HIA, as HIA continues to be recognized by leading hotel management companies as the most advanced and complete hotel ERP & accounting software on the market. HIA also delivered numerous new developments and enhancements to what is already the most modern hotel ERP technology available.
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Outperform your Budgets with a Single System of Record, Engagement, and Intelligence
As you make your budgets and update your forecasts, you are probably considering current hospitality OCC and ADR predictions, economic outlook, and past performance at your hotels. It’s a mixed bag with continued pent-up travel demand and possible recession headwinds. If you are looking for strategies to make the most of the opportunities, there is nothing more powerful you could do for your hotel business than consolidate your various systems of record, engagement, and intelligence onto a single back-office platform.
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The Number One Thing You Can do to Control Labor Expense at your Hotel Company
Perhaps there is no topic more talked about in the hotel industry right now than the labor shortage. And there is no shortage of input on how you can address this challenge. Most advice focuses on front of house labor with solutions from robots and self-check in kiosks to cross training and sharing employees between hotels. But are you doing all you can on the back end to manage your labor expense, drive accountability down to the manager level, and even retain employees?
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HIA Expands Business Intelligence with Netchex Integration
Hotel Investor Apps (HIA), the leading hotel-specific Enterprise Resource Planning (ERP) platform, today announced its integration with Netchex, a payroll, benefits, and HR company with a strong focus on the hospitality industry, enabling HIA business intelligence users to make smarter business and labor decisions with advanced labor analytics.
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The Quickest Way to Consolidate Your Data
In this faced-paced, ever-changing hotel business, you need your data from your various front-of-house and back-of house systems; you need it in one place, and you need it now. The goal is to have your PMS, POS, payroll, time & attendance, AP, purchasing, etc., etc., etc. software integrated to the point that all relevant data can be accessed through a single-login and all departments have accurate, real-time data to make informed decisions. But, how can you achieve this?
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The Value of a Dashboard
Everyone is talking about dashboards, but what is a business dashboard, and what value does it provide? Does your hotel company have the dashboards it needs?
The first thing to understand about dashboards is that it is more than just a pretty picture. Unless there is up-to-date, accurate data behind the dashboard, then it is of no value whatsoever.
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