Why Hotel Accounting Software Makes Your Business ‘More Resilient’?
By 2022, the shift to cloud accounting among American hotels businesses will amount to cross over a big number. And, it’s not surprise as the COVID-19 crisis turned everything upside down, so on-premise now is witnessing move to on-cloud.
Already renowned brands are using the cloud based hotel accounting platforms as minimalist commodities – in the world of hospitality especially.
Despite of this, as a hotelier you may still have some nervousness when it comes to making a move from on-premise bookkeeping to a cloud-based accounting alternative.
Yes, this is understandable, but in fact the resilience which is offered by the Hotel Accounting Software setup on cloud literally transforms your hotel business once and for all time.
No More Worrying About The DATA LOSS
Juggling between the day-to-day tasks may plunge you to lose the data and it’s been major concern for many hoteliers and their staff, but the cloud based hotel accounting system guarantees you financial data is secure and always available, no matter if you’re facing hardware problems at the hotel onsite.
To say in other words, the ‘disaster recovery’ term renders to be largely irrelevant if hoteliers run their hotel accounting software on the cloud, because simply it never goes anywhere.
Mobilizes Your Team, Which They ‘NEED IT MOST’
The best cloud-based hotel accounting solutions lets you and your team work across various smart devices, while leveraging seamless access. It means you can access your business happenings and monitor you financial health, from anywhere and on the other hand your team can seamlessly import historic financial records and have everything at one place.
Like its being demonstrated everywhere, cloud-based systems are coming to the rescue during this coronavirus outbreak period, when you team has to work remotely.
Be it temporarily or permanently, the modules available in cloud hosted accounting software is the best ever any hotel professional can expect to manage accounts and streamline operations.
It SCALES As Fast As Your Business Grows
When you grow your hotel business, you will need the on par technology that can walk along your ride.
And, it is obvious that on-premise bookkeeping or age old hotel accounting systems often need to be regularly updated to stay accountable for business growth, but whereas the cloud easily scales at the same pace you do, which will significantly reduce downtime periods and costs.
As you grow your business, the portfolio increases so you’ll eventually require a scalable system that can consolidate multiple accounts, banking activities, daily sales and operational functions at one place.
Relying on-premise accounting medium with limited scalability may not let you scale, while cloud solution lets you do it with ease.
It allows you to effortlessly generate combine statements and perform comparison analysis across your group of hotels at one place.
Without any hindrance, you can manage your Intercompany In & Outs by generating precise reports including Profit & Loss, combined Income Statement, Balance Sheet, Trail Balance and ICFA Ledger etc.
Your Data Security Will Keep You ‘STAY AHEAD OF THE CURVE’
Relying on you in-house bookkeeping team and IT security often face challenges because of the data breaches as you got to update device operating systems, updating antivirus or installing 3rd party applications.
Moving to cloud will reduce the chances to alleviate the necessity to all-time think about the security entirely, the most important financial data of your hotel is secured on the cloud servers and are reinforced to stay away from the strong data trespassers.
It Helps You Gain Control Of Your OVERHEADS
Gone are those days of relying on large, expensive implementation costs that comes upfront and also the high support fees that comes recurring.
The cloud accounting in hospitality is not only scalable, mobile and secure – it’s highly cost effective, as most of the cloud accounting platforms are tagged at a very reasonable fee on monthly basis.
It can be easy on your pocket and accountable for your hotel finances, operations without any requirements of countless upgrades. Once you’re enrolled – Everything is covered!
Wrapping It Up
So, the reasons to switch to Hotel Accounting Software are mounting.
Besides regular accounting solutions, if you lookout for an authentic accounting software for hotel industry then you and your staff will be empowered with the added advantages like actionable insights, business health, hotel specific reports, automation in daily humdrum routine tasks.
Most importantly budgeting and forecasting, bills automation with OCR configuration, daily sales import, pending alerts on aging activities and much more.
Yes, it can happen overnight to switch from on-premise solutions or bookkeeping dependency to cloud solutions.
Accounting, after all, sits at the heart of your hotel letting you succeed business growth.
Tempted to make a move sooner? Nimble Property is custom built for you!
Leading as a technology and automated hotel accounting provider, for over years ‘Nimble’ has combined its extensive hotelier experience with latest innovative and automation technology to deliver empowerment to hoteliers managing their finances better, making better decisions and growing their portfolio, while increasing profits.