Percipient are pioneers in implementing financial management solutions for the hospitality sector.
Our projects range from a collection of premium holiday retreats to multi-chain hotels and single-site luxury spa and golf resorts. Whilst our customers may differ in size and audience, we’ve found that they all faced similar pain points when it came to their finance software.
Hospitality finance system challenges:
- The inflexibility of existing finance systems
- Lengthy inputs of data from Excel
- A lack of insight across product portfolios
- The inability to adequately report across multiple lines of business
- The difficulty in integrating with some of the more modern front-of-house systems
- Issues with legacy systems that the business has outgrown
- A lack of compliance exposes the business to risk
- Consolidated group profit and loss
Aligning Sage with USALI
Implementing a modern financial management solution like Sage Intacct made solving these challenges a straightforward process. We recognised that in addition to simply addressing the pain points of our customers, we also needed to align our solutions to meet industry compliance.
This recognition started us on a journey. We wanted to ensure that the foundation on which we implement our systems, aligned with the requirements for the accounting standards in hospitality. The Uniform System of Accounts for the Lodging Industry (USALI) maintains a consistent approach for finance professionals, to report on the financial activities of a hotel, in a globally uniform manner. It also provides metrics to value and benchmark properties and businesses; as well as standard opening statements and departmental schedules.
Sage Intacct for Hospitality
We build our Sage Intacct hospitality solutions from the ground up. Breaking down the barriers of international trade, our systems provide a commonality to internal processes. Enabling users to easily compare the performance of individual hotels and cost centres.
We’ve ensured our systems comply not only with USALI but also with the Making Tax Digital (MTD) initiative and IFRS16. Future-proofing hotel management accounting software against the economic uncertainty surrounding international trade.
Based on USALI, our Sage Intacct solutions have been adopted by many leading hospitality brands, looking to put finance at the centre of their operations.
Providing Clear Business Insight
We’re proud to be recognised as a leading supplier of finance software for hotels and hospitality. Our proven record of successful implementations and ongoing support services means you can be confident in our ability to deliver the best solution for your needs.
Get in touch to learn more about our work in hospitality or call the team on 01606 871332 to discuss your needs in more detail.
