A powerful financial system is crucial to achieving maximum profitability. We pride ourselves on our strength in developing and administering strong financial controls.
Some of the key features of our approach are:
- Accounting Systems – A centralized, standardized accounting system managed by the local, on-site accounting team with corporate backup and support. Financial information and reports are available in real-time to managers and owners. If you have a suitable existing accounting system, we can adapt to it.
- Effective Expense Control – We recognize that expense control is a powerful tool to maximize the bottom line. We provide our local staff with daily financial reports for immediate feedback on expenses and we monitor staffing levels closely. Typically, we operate a hotel with half the overhead personnel compared with other management companies.
- Internal Audit – An internal audit is performed on a routine basis to ensure compliance with all accounting and operational procedures and controls to protect your asset.
- Customized Owner Reporting – In addition to a standard monthly financial package, cash flow analysis, annual budget and monthly forecasts, we will customize any additional reports based on the needs of ownership.