Assured Hotels finance offers flexible support to underpin our suggested improvements and our approach is to work with the in-house administrative resource / team in order to get to a point where we have better understanding to advise on the following:
- Revenue Capture - A sales tracker implemented in-house in order to ensure that the property management system (PMS) is reconciled on a daily basis.
- Payroll - working closely with our operational team ensuring that adequate payroll forecasting tools are in place. Our experience within the industry is such that payroll is a fundamental area where strong controls are required in order to ensure that the payroll costs are in line with revenues.
- Direct Costs - assessment of controls and procurement opportunities with suggested ongoing flash reporting on particularly food, beverage and laundry costs, backed by monthly external stocktakes.
- Overheads & other costs - assessed and recommendations to improve service and expenditure, managed by implementing a purchase order system where appropriate.
Our finance support dovetails with operations and sales support, with a suite of reporting available, including monthly Management Information (MI) pack and forecasting tools, both explained further.
Our accounting is all maintained using Sage software