ERP Consultant Network Blog


Save Costly Overtime With an Automated ERP Hotel Management System

Written by Adrian Montgomery on 21 Feb, 2020

No More Late Nights and Lost Weekends with an ERP Hotel Management System

Hotel ERP System

If your existing ERP hotel management system is costing late nights and lost weekends to keep pace with the complex demands of hotels and restaurants, there is a better way.

You can automate your hospitality accounting and financial processes with cloud ERP hotel management software. Free your nights and weekends while increasing visibility and automating tasks for the whole team. Read more about the 3 Time Savers enabled by Sage Intacct cloud accounting software for hotels and restaurants.

Time Saver #1: Shrink monthly close duration up to 50%

If you're like many, your monthly close can take 20-30 days to complete, which means the consolidated data and reporting you’re providing to decision makers is already month old. They’re now making decisions on old data. Intacct adopters reduced their time to completion by up to 50%, which resulted in getting real-time data to their decision makers.

With built-in automation, Intacct hospitality software streamlines the complex financial processes necessary to manage your multiple operating or realty entities under management. Alternatively, Intacct users track individual restaurant expenses, or allocate their aggregated health insurance costs across multiple entities and locations with just a few clicks.

Time Saver #2: Setup and Manage Multiple Entities Easily

With Sage Intacct accounting software for hotels and restaurants you no longer need dozens of spreadsheets because it is designed to track real-time performance in one place spanning all your hotel, hospitality, and restaurant locations automatically. With Intacct’s automatic multi-entity management, you easily see your accounting and finance data by any combination of location, groups of locations, theme, region, or other dimension you can think of to measure your unique key performance indicators.

"New entity setup takes just minutes and a few clicks to setup rules (or clone from an existing) for inter-entity transactions and bank accounts."

And new entity setup takes just minutes and a few clicks to setup rules (or clone from an existing) for inter-entity transactions and bank accounts. And save even more time with automatic currency conversions to a base currency, journaling of inter-entity transactions, and local tax reporting enabled by Intacct’s continuous consolidation.

Time Saver #3: Eliminate Duplicate Data Entry

It's possible to eliminate the time required to compile your financial and operational data from your countless hotel accounting, payroll, restaurant accounting, and POS systems. Intacct easily integrates with best-in-class solutions for time-keeping, payroll, hospitality, POS, etc.

You don't have to be technical to connect Sage Intacct using pre-built connectors to popular platforms like Salesforce CRM, or even industry-specific applications for easy, two-way communication. Sage Intacct acts as the single source of truth and the central hub of data.

Growing hospitality firms like yours saved hundreds of hours a year by shortening their monthly close from one month to one week with automated consolidations. In some cases, they avoided adding 2 additional headcount to their staff after implementation. It’s time to set your nights and weekends free with Sage Intacct.

Contact Equation Technologies to learn how Sage Intacct helps save you time and deliver real-time insights.

Another version of this blog was posted on January 14, 2020 - Accounting Software for Hotels and Restaurants: 3 Ways to Save Time.

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