Engine4Budgeting

 

This web enabled application was specifically developed for the Hotel industry

 

• decentralized Budget planning in one central database

• on time availability of actual decision enabling figures

• time savings when drilling down financial information from different data bases

• focusing on the analysis of figures and transparency of contents

... and all this is available online as a web enabled tool.

key features of Engine4Budgeting:

 

• focusing on the analysis of figures and transparency of contents

• definition of individual cost structure per property within a hotel chain

• definition of an individual cost centre structure per Hotel as part of a chain

• correlation of different account tables within one Hotel chain for centralized reporting following one structure

• detailed personal planning per cost centre and based on the individual employees salary

• monitoring of the status in process of budget planning

• commentary possibility in every part of the tool

• planning of repairs- and maintenance costs on the basis of the detailed contract information

• weekly commentary report of the operations, within the main actions of the week for a central overview
  

• enabled constant planning of cash-flow on a weekly basis with decentralised data entry from the hotels

• working capital analysis

• occupancy and revenue reporting with daily extracted data from the FO-systems

• P+L - reports following the standards of the hotel industry (Uniform Systems of Accounts, UK GAAP)

• flexibility of defining the individual structure of report and budgeting parameter by the customer without programming work

... for more Information read here www.hospitalitynet-solutions.com