Enhance Transparency in Hotel Operations with Financial Management

IDS Next Banner_-Financial-Management1While front office management is the core of guest facing Front Office operations, Financial Management is the heart of back of the house hotel operations. This module is gaining increasing prominence as hotel managements begin to increasingly focus on numbers. In a service based hospitality environment, bottom line is a culmination and reflection of the success of numerous hotel functions and when management needs to take an actionable decision, it is the financial module that plays a critical role.

IDS Next Financial-ManagementFew if any hotel software providers offer this critical module, preferring to integrate with generic finance software instead. However, IDS Next has built all the modules of their Hotel ERP from the ground up. Each module is developed for the niche needs of hoteliers, and the same applies to financial management. Read More

Published in: IDS Next Blog

By: Ronnie Sarkar



About hospitalitytechnology

Technology is making greater and greater inroads into our lives. Right from when we wake up in the morning to when we head to sleep – we cannot imagine a life without the gadgets and gizmos that make life easy and interesting. When we travel and stay in hotels, our expectations are no different. We expect all the technological amenities we easily access at home if not more. The hospitality industry in increasingly accessing technology to wow guests, optimize their use of manpower, control hotel functions in an integrated manner and on the whole reduce costs while increasing efficiency. This blog is meant to track these technological changes happening in the hospitality sector. The growing move towards sophisticated hotel ERP, the growing use of cloud computing, the rapidly changing customer facing devices – smart phones and iPads, the increasing security concerns and more. Expect to find interesting articles, whitepapers, thoughts, and observations. Feel free to comment and even mail us content that you don’t mind posted here. Happy reading!
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