Outdated Budget Spreadsheet Processes
Preparing company budgets can be overwhelming. After countless labor hours spent by multiple individuals and exporting data from various IT systems, the well-crafted, multi-tabbed budget spreadsheet provides limited managerial value if the underlying data is not readily accessible and current. With rapidly changing business needs, your financial reporting should evolve along with your business model.
Our turnkey budget and consolidation program is designed for casinos, hotels, resorts, restaurants and other holdings. Technology allows us to store and process more data than ever before without borders. . It is an extremely flexible budgeting program that can be housed on your premises or in the cloud. Our interim CFO solutions are perfectly suited for the local New York hospitality market as well as small, medium, and large multinational organizations in the United States, Latin America, and the Caribbean.
Give Your Organization a Competitive Advantage
Many entrepreneurs wait until it is too late to appreciate the benefits of budget planning. Strategic management of financial assets is crucial for any hospitality, leisure or gaming organization looking to stay ahead of the competition. Money and people are your most precious resources and our budget and consolidation program not only allows you to take advantage of current opportunities, but to also uncover new ones. Together, we will create essential projections for smart decision-making. Short-term forecasts will lead to long-term cost savings and new revenue streams.
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Budget Planning and Workflow
By taking advantage of our budget planning and workflow processes, your hotel, casino, resort or restaurant data can be
categorized and sorted in a way that provides value.
Multidimensional Budgeting
No longer are you forced to see your financial information in a series of one dimensional static spreadsheets. Our budget application gives you unlimited sorting, grouping and computational options to aid in strategic planning and forecasting efforts. Now you can see your hotel budget or casino budget from an interactive, engaging and visual perspective.
Property Comparative Charts and Graphs
Creating budget and comparative charts and graphs from raw data has never been easier. Our application allows you to visualize data in many formats. If your hospitality company has multiple locations, our comparative data suite delivers concise, actionable charts and graphs with multiple sorting and scenario options. Making strategic decisions has never been easier, quicker or more cost effective
Staff Position by FTE and Head Count
Our robust FTE and head count dashboard helps you visualize you labor resources quickly to track and analyze effectively.
Hotel Guest Analytics
Understanding and comparing hotel guest trends is simple with hotel guest analytic reporting. Create actionable goals to maximize walk-ins, increase group bookings, and decrease unoccupied rooms. Data is organized and readily available to management through multiple sort fields, charts, and graphs providing a dynamic insight into your cash flows. Our reporting empowers your marketing department to create higher converting campaigns.
Advanced Microsoft Office Integration
Partnering with our team of accomplished part-time CFOs means connecting your enterprise data to the power of Microsoft Office products such as Word, Excel, and Power Point. Once the integration is complete many of the recurring managerial reports being prepared manually can now be automated. This alone is a tremendous time saver.
Financial Consolidation
Managing many different accounting systems and merging data between locations and multi-entity organizations composed of hotels, gaming, leisure, resort, restaurants and other holding is challenging. Our cutting-edge financial consolidating solutions reduce time-consuming spreadsheet-based processes such as manual data imports, reconciliations, adjustments, multi-currency and GAAP/IFRS conversions to produce both managerial and external financial reporting. We help you streamline the process, normalize the data and improve compliance controls.
Key Benefits
- Reduced close-cycle time
- Complete financial control
- Automated group reporting
- In-depth analysis
- Advanced MS Office integration to automate and streamline report preparation
Inherently integrated with Business Intelligence and Performance Management capabilities
