A solid foundation for your strategic management decisions
Don’t apply guesswork to your budgeting process! Don’t make strategic decisions in the dark! With engine4budgeting everything is clear – all the lights are on!
This seamlessly integrated module improves the strategic management of a hotel by enabling quicker and more transparent budgeting within all divisions of the company. It incorporates a flexible reporting system, which facilitates reliable analysis of data through an automatic interface to your accounting system.
Budgeting Unit
Baseline Planning
Compilation of baseline figures for each hotel, like opening days, used currency of budget, % of social insurance, tax-% for F&B, Logis etc.
Turnover Planning
Planning the turnover in all profit centers. Logis per Market Code and price/day, F&B revenue by couverts and average price/couvert, SPA revenue per occupied cabin etc.
Cost Planning
Planning of all types of costs by account or logical dynamic parameter groups and of payroll costs by each employee
Maintenance and investment planning
Planning of maintenance, replacement and investment (~CapEx) within the facts of contracts and action items
Business Planning:
5-year planning based on the filled actual budget
Monitoring:
Monitoring the status of completion of your budgets by every hotel for the headquarter consolidation
Controlling Unit
Cash Flow Planning
Weekly rolling cash-flow planning
Working Capital
Compilation and analysis of monthly data relevant to the working capital
Operations
Weekly situational explaning report per hotel (from operational point of view), referring the occupancy, room rate, banquets and events, staff changes, marketing actions etc.
Reporting Unit
Department Reports
Cost/turnover reports per account for all cost centers compiled from the daily exported financial accounting system data, compared to your budget by Profit Center
Group Reports
Monthly report for each hotel and free summaries of your hotel group/chain within flexible time periods and selection of self-defined reports
Report Builder
Integrated module of a flexible creation and definition of customized reports without any programming
