Experienced Financial Control for the Hotelier at an affordable price
Helping to improve hotel profitability
Experienced Financial Control for the Hotelier at an affordable price
Helping to improve hotel profitability
How can we help you?
It is ever more difficult for hotels to make a decent profit these days with rising costs and a very competitive market. A hotel needs good control processes which help them improve sales and keep an eye on costs.
Often independent hotels are held back from improving their reporting or control systems through lack of funds or lack of knowledge. High quality IT systems cost money as do highly experienced Financial Controllers.
Yet more often than not, with a little vision, knowledge and applying advanced Excel skills, the simplest IT system can be adapted to provide detailed analytics and live day to day control tools. By the same token there are many very good IT systems out there which do not cost a great deal of money but provide excellent cost control for hotels. It just takes experience to know which to choose and how best to implement them.
Likewise, it is often the case that in small and medium sized hotels, the FC is dedicated to basic clerical tasks for a high percentage of their time to avoid over-staffing.
Larger groups benefit from scale to share Financial Control resources across multiple sites. By acquiring the services of Hotel Synergies, you too can benefit from these economies. Why not pay for a highly experienced FC to dedicate the specific time required for the skilled tasks at an affordable rate, so you can employ lower skilled team members for the more basic work and improve productivity.
What does a Hotel Synergies FC do?
When we take on a new client, we study their business and actual systems and implement the tools required to give effective control of revenues and key expenses. We will arrange a package which caters for your needs at a price you can afford. You will have a dedicated, experienced Financial Controller on call and as part of the service we will maintain processes and tools to allow you regular detailed information on the profitability and productivity. Every monthend you will receive a fully detailed, hotel standard P&L with KPI's, commentary and recommendations. We will then take you and your team through the results and work with them to improve areas of concern and capitalise on strengths.
We work to create simple processes allowing receptionists or inhouse account assistants to do the clerical work, thus keeping admin overheads down and in some cases improving customer service.
Additionally you can call on the experience of a team that have dealt with pre-openings and numerous software installations, whenever you require these specialist skills..
These days it has been proven that offsite professionals can work more efficiently and effectively. Also with conferencing software they can be available to talk about issues and present details at any time to suit your business.
Why Us?
With 25 years of experience in all sizes and grades of hotel, combined with a strong knowledge of IT systems, we can adapt to the existing constraints and particular needs of each business quickly and effectively. By contracting with Hotel Synergies you gain a wealth of experience and knowledge that wouldn't normally be within your hotel's purchasing power. We also have a network of tried and tested professionals in other areas of the business who we can call upon to add benefit to your business when required without the need to take on additional personnel.