Robust Financial Software for the Hospitality Industry
Clever hoteliers and hospitality operators find ways to lure patrons to their establishments, which often requires constant reinvention of their offering—all the while balancing staffing, the cost of food and beverage, rent, and cash flow.
When you run multiple venues or properties, the increased cost and complexity of day-to-day operations means that strong high-level financial management is critical.
MYOB Advanced, ERP system in hospitality industry, helps streamline back-end business management with:
A flexible General Ledger and revenue management tools
Consolidated multi-company finances with divisional reporting
Simplified accounting, tax management, and banking
Intuitive and customisable financial reporting dashboards
We can help you grow your hospitality company by implementing MYOB Advanced.
Slice and dice data across multiple divisions
Companies that run a number of hotels, bars, sports clubs, pubs, restaurants, and other hospitality venues, need coordinated back-end systems that allow for nuanced divisional reporting.
How can you hope to lower fixed costs unless you understand each revenue stream and how they contribute to your company’s overall performance? You also need visibility of how activities like beverage sales, conferences, and events affect profits regardless of venue/property.
MYOB Advanced, ERP system in hospitality industry, makes it easier to understand your financial position so you can take decisive action. The cloud-based finance software helps:
Manage multiple businesses and ABNs under a group company
Keep track of trade across multiple locations/countries/currencies
Apply multiple dimensions (sub-accounts) to analyse GL data
Generate reporting on P&L, balance sheet and cash flow
Use real-time dashboards to monitor key financial KPIs
Learn more about the MYOB Advanced Financial Management suite.
Get the answers you need, fast
Head office teams in the hospitality industry need sophisticated financial management software in order to provide timely insights to managers, owners, investors and Board members about a company’s performance.
With MYOB Advanced, creating reports to guide decision-making is faster and more accurate.
You’ll also vastly increase the productivity of your finance team. With the incredible reporting dashboards in MYOB Advanced, users can log in on any device to see metrics like:
What working capital is available
Outstanding creditors and purchases
Costs and revenues by division
Cash flow trends and comparisons
Important financial ratios, and more
Integrate with POS and Booking Software
Maybe you already have systems to handle direct sales or bookings, but they fall short when it comes to finances and accounting.
MYOB Advanced offers powerful financial management functionality within a flexible, cloud-based platform that can be tailored to meet your needs.
With the right expertise on your side, it’s straightforward to connect your point of sale software to MYOB Advanced so you can capture and analyse sales data within an integrated environment.
Leverage Technologies can help your hospitality business with:
Reliable implementation and configuration of MYOB Advanced
Experience in developing customised dashboards and functions
In-house expertise in custom integration and software development to connect your front office systems (POS etc.) to back office financials
Get in touch
Work with Leverage Technologies to take advantage of MYOB Advanced for a more profitable hospitality business.
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