Financial Management Service for Hospitality Industry
Source: Scala Hospitality
Integrated Management Information Solutions is a hospitality specific, process-driven service that combines back office financial systems, business intelligence applications, and consultation services
Integrated Management Information Solutions is a hospitality specific, process-driven service that combines back office financial systems, business intelligence applications, and consultation services.
Features of the service include:
- Centralized Accounting – The service integrates every hotel property's back office, PMS, and POS systems, providing real-time access to the financial data needed to prepare and analyze budgets. The provider states that the service can provide significant savings in time and labor costs by virtually eliminating manual data entry and duplicated processes. The service's process breaks down into three cycles: revenue, expenditure, and reporting.
- Business Intelligence – Raptor, the provider's intelligence tool, is a web-enabled reporting/planning and budgeting/forecasting business software application. It provides all data in real-time.
- Consulting Services – The service provider offers an assigned consultant to each customer to facilitate technology installation and end-user training. The provider states that all consultants are former hospitality personnel who understand the industry and who have dealt with similar accounting challenges.
Scala Hospitality, 1787 Sentry Parkway West, Bldg. 18 #1, Blue Bell, PA 19422-2240. Tel: 215-619-3070. Fax: 215-619-3071.