Know how a prominent hotel group streamlined cash-flow & witnessed better financial visibility
Company Info :
A prominent hotel development and management company, headquartered in Delaware with 24 properties being operated by industry’s finest patrons.
Lack of complete accounting solution, no visibility of revenues, cash collections and lot of paperwork with missing data entries and unreconciled financial statements
Nimble Solution :
Nimble Accounting modules such as Daily Sales Automation, Vendor Bill Automation and Payment Tracking, Account Receivables Management & Payables Automation, General Ledgers, Budgeting and Financial Reporting were implemented.
With Nimble Accounting, the Hotel Group was able to streamline their complete accounting and financial reporting, achieved real time visibility of expenses, revenues and profitability, daily sales were automated and vendor bill automation helped in automating functions that previously required lot of data entry with delays in processing.
Nimble achieved all the benchmarks agreed before the start of the project, by delivering accuracy and process efficiency in financial visibility and control on cash flow.
The Hotel Group saw substantial improvements in real time visibility of revenues, profitability and expenses.