Hotel Investor Apps (HIA)

Still wondering what's in store for the #hospitalityindustry in 2025? The interest rate cut yesterday came as no surprise to R. Mark Woodworth. He shared his thoughts and predictions for the industry with Hotel Investor Apps (HIA). Economic trends from 2023 to 2024 that Woodworth is watching: 1. The unemployment rate is up. 2. The labor participation rate is slightly down. 3. The level of job creation is significantly down. 4. Inflation is down. The Fed's interest rate cuts are designed to support economic growth. Or, according to Woodworth, "Another take on this move is that the recent slowing in the labor market may now be a bigger risk than inflation." Read the full article, including Woodworth's concluding take-away for U.S. hotel managers here: https://lnkd.in/eTRA2pCv #lodgingforecast #hotelmanager #hotelmanagement #hospitality #lodgingindustry

Imagine being able to predict your hotel's financial future with confidence. That's the power of a rolling forecast. If your hotels struggle to update a monthly forecast, here are 4 ways to simplify and streamline the process: Watch video: https://lnkd.in/eNB3e-dn #hospitality #financialmanagement #hospitalitytechnology #hotelmanagement #generalmanager #hotelier #hotelaccounting

🚨 Exciting News! 🚨 Chip Fritsch, our exceptional COO at Hotel Investor Apps (HIA), is featured as a guest on Craig Sullivan’s renowned [CLIC] Connect podcast! 🎙️ Chip shares his valuable insight on hotel industry tech stack consolidation, offering a fresh perspective on operational efficiency. Whether you're in the hospitality industry or curious about the future of #hospitalityERP, this conversation is packed with insight and industry best practices you won’t want to miss! Check it out here! https://lnkd.in/eii9bdX2 What are your thoughts on consolidation - especially when it comes to software system consolidation for hotel management? Do you have any questions would you ask Chip about #ERP or enterprise financial management? Let us know in the comments, and don’t forget to tune in! 👇 California Lodging Investment Conference & [CLIC] Connect Podcast #hotelmanagement #hospitality #CLICConnect #techstack #ERPsoftware #hospitalitytechnology #hoteltechnology #hotelier

# 1 challenge with expense tracking and cost control for #hotelmanagement companies: Inconsistent Charts of Accounts across properties. This is a problem for every hospitality company we've encountered coming from a non-hotel-specific accounting software. Even for those organizations using another #ERP. Without COA standardization, comparing expenses and benchmarking expenses becomes a time-consuming headache. Even with the best of intentions, the temptation to add accounts or customize per property is too great. The solution? Use a financial management platform designed for multi-property portfolio that offers a global COA - even better if it offers a pre-defined COA which follows USALI standardizations. Other features to look for in accounting software for optimal expense management: 1. Onboarding help to map your local chart of accounts into the new global COA. 2. Synchronization of data, so that when a change is made to the COA, it appears everywhere at once. 3. User restrictions so that only designated admin can modify the global COA, maintaining it's integrity. Bonus feature: the ability to maintain the global COA while also offering a separate chart of accounts for other entity types, such as the corporate books, or other hospitality venues like marinas and golf courses. Ready to streamline your #hotelmanagement finances? Learn more about the benefits of a global COA in our latest blog: https://lnkd.in/gP2DsXu7 #hotelier #hotelaccounting #financialmanagement #hospitality #hospitalityindustry #hospitalitytechnology #hospitalityERP #ERPsoftware

It puts the "Hire happy people" adage on its head. Because even happy people need the right tools to do the job well, serve the guest well, and serve the company well. The accounts receivable clerk for example, we see job satisfaction go down when they are frustrated over the incredibly tedious and time-consuming task of handling management invoices, then they face the frustration of upper management for delayed, inaccurate, or missing payments. Instead, imagine their joy when they get to use a software that facilitates every aspect of their job and seamlessly connects property payables, corporate reporting, and business intelligence! One back-office platform that gets the job done and empowers people! #hospitalityERP Hotel Investor Apps (HIA) #ERP, #AccountingSoftware, #BusinessIntelligence

🌟 Breaking News! We are thrilled to announce that the leading US #hospitalityERP is now available in the #UK! 🌟 Hotel Investor Apps (HIA) has entered into a strategic partnership with Tascoli to bring HIA’s advanced ERP solution to hotel owners and managers in the U.K. market. “Expanding into the U.K. market with a trusted partner like Tascoli allows us to extend our mission of transforming hospitality financial management,” said Charlie Fritsch, CEO, Hotel Investor Apps. “Together, we’re setting a new standard for hotel ERP solutions in the United Kingdom.” “We are thrilled to partner with Hotel Investor Apps to bring their cutting-edge ERP solution to the U.K. market,” said James Morgan, CEO, Tascoli. Read the full story on LODGING Magazine: https://lnkd.in/egZd47vS #hospitality #hospitalitytechnology #erp #UK

If your #hospitality #techstack is a puzzle, and the pieces don't fit together, you will never get the full picture. This is a story about consolidation and integration. #Hoteliers are voicing their frustration with disparate software which cause delays, and inefficient time usage. The resulting data silos creates the potential for errors (due to manual entry), wasted labor, and, most important, a lack of transparency and visibility of the true status and trends of operations. A consolidated tech stack starts in the back office with an #ERP. Your #HospitalityERP works as a unified platform performing the functions of multiple programs, from property accounting to corporate accounting (with advanced features like automated intercompany journal entry, smart bank reconciliation, etc.) and from Budgets & Forecasts to Business Intelligence. Then, when you integrate front-of-house PMS and POS software with automated data imports and back-of-house software like payroll/ HR and purchasing, you get a single system of record. Moving to a single platform creates operational efficiencies, cost savings, reliability, and transparency. Its the best way to get real-time financial insight into your hotel operations. If this sounds intriguing to you, check out Hotel Investor Apps https://lnkd.in/eGHHRfNV Hotel Investor Apps (HIA) #ERPsoftware #hospitalitytechnology #hotelmanagement

Thank you to the bidders, participating hotels, and The Bowman Post Group Foundation. Together we can support hospitality employees through education and charitable benefits! #hospitalityindustry #makeadifference

We spoke with #hoteliers at last weeks' The Hospitality Show, and here are 3 top trends in finance and technology that kept coming up in conversations: 1️⃣ Flexible Reporting is King 2️⃣ GL is Still the Backbone of the Back Office 3️⃣ Efficiency Leads the Way Dive into what we mean in the full article here: https://lnkd.in/eJZCjRH3 #hotelmanagement #hospitalitytechnology #hotelaccounting #hospitalityERP #financialmanagement #efficiency

Had a great time catching up with Preena Patel from A-1 Hospitality Group at the Washington Hospitality Association Conference today! Always a pleasure connecting with you! With Candra Valley #hospitalityindustry #hotelmanagement #hospitalitytechnology #hospitalityERP