“Want to live in present era or waste precious work hours of staff managing bundles of invoices?” Questioned one of my friends who tech savvy is, much aware of the developments in the IT sector, the transformation it brought to various industries. And Automation practices in every industry, he encourages everyone to embrace technology over mundane practices. Initially I was hesitant but, the real change in business operations, smooth functioning, transparency, breaking the geographical barriers when it comes to operations was unusual, its connectivity and versatile nature impressed me and my support team.
Managing hotel business involves multiple aspects, organizing rooms for guests, food service, support staff, accounts management and above all keeping the guests happy, the main purpose of the business. Using spreadsheets for managing accounts is easy, but calculating salaries, inventory management is equally daunting. To overcome such challenges, I have planned a visit to one of the world’s largest chain of hotels in the New York city. The cosmopolitan vibe was much usual at the hotel surroundings, what surprised me that there were no guests at lobby waiting to enter the room. Everything is automated, they make direct entry using the mobile application with QR codes. It is amazing to learn such practice, the post covid scenario compelled the industry to adapt to new technology. It is the outside view, but when it comes to accounting there is a drastic transformation.
The Artificial Intelligence enabled Hotel Accounting Software transforms the complex accounting into simple model, where financial data becomes accessible to every team member. All the decision makers sitting in diverse geographies can easily access them. Apart from that in-house day-to-day operations become easy, with lesser documentation, an easy bank reconciliation process, everyone within the team will be on a same page, with transparent and error-free system. If you think as a hotelier, it literally gives a great relief mentally and empowers you to take bold decisions, expand business, invest in new areas where there is great scope for growth. Analytics work with data, without creating any fake imagination of business, after all business is all about the game of numbers.
Right data gives you right approach, it is the beauty of technology. Numerous brilliant minds worked to create such technology. And technology simplifies all walks of life, who embrace it.
I learnt a whole lot of things, before seeking the services from Nimble Property an industry specific hotel accounting software, exclusively designed for hotel accounting. It supports multiple property management, effortless bank reconciliation and a system to view the key metrics the entire analytics of business performance on a single dashboard.
A KPI dashboard highlights Average daily rate, RevPAR, business credit information, departmental wise budget allocation and more. All these analytics are pictured in graphical pie charts and graphs, it makes it easier for the financial decision makers to learn the developments in the business and make smart decisions immediately. The entire ecosystem is designed to bring transparency in the system.
Technology provides convenience and creates an ecosystem to quickly react to the changing business scenario in the global markets. For instance, covid pandemic 2020 has completely revolutionized the ecommerce business. People started purchasing products online at a rapid pace.
The technology is creating great space to multiply growth. The convenience of generating financial reports is the best advantage for any business. In the traditional practice, it is almost impossible to get reports instantly. Accounting teams used to work hours together to generate such reports. It literally helps hoteliers to attend any business or investment summit with great confidence.
After doing thorough market research, my friend Fred shortlisted few Hotel Accounting Software, and at later stage we finalized Nimble Hotel Accounting Software, the Artificial Intelligence backed system with advanced data analytics and automation features.
I preferred Nimble Property over other software, because it gives liberty over other tools. It lets us explore how you can take control of your finances from anywhere. And get a real-time overview of Account Payables information. Easily track unpaid bills, vendor dues, and payable aging information. And dive into the dedicated section to see detailed vendor dues.
Nimble Property utilizes cutting-edge optical character recognition (OCR) technology to process scanned bills swiftly. Approve invoices with ease, and seamlessly transition them to the pending payments section.
Experience the convenience of bank-to-bank money transfers via the trusted Automated Clearing House Network (ACH). Need to print checks? No problem! Utilize Nimble Check Print Service for accurate and efficient check printing right from your office. Also pay cash directly to the vendors.
There is exclusive section DS Cash which enables the hotel team to update daily cash and receipts on daily basis, further the backend team can approve the payments and ensure quick reconciliation and bring great transparency in the accounting process.
Whether you have one hotel or a portfolio of properties, Manage financial operations comfortably irrespective of geographical location. Gain insights into your entire corporation’s accounts payable amount with a detailed summary of bills and payments on the dashboard.
Nimble Hotel Accounting Software is a comprehensive solution for entire accounting, if you want to stay updated in the competitive business market, embrace technology over outdated mundane business practices. Drive growth drive success with Nimble.
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