The Beaumont Mayfair Modernises Financials with Percipient
Sage Intacct delivers intelligence, scale and future-proofing
to a luxury boutique hotel in just seven weeks.
About The Beaumont Mayfair
A Grade II listed luxury hotel in Mayfair, London, The Beaumont Mayfair (The Beaumont) pulls off a rare feat, that of being an art deco modernist hotel with a boutique attitude.
Tailored for individuality, contemporary chic defines the mood without compromising warmth and genuine comfort. The sense of elegance here is effortless, bold, beautiful, seductive, decadent and risqué.
More than just another accounting system, Sage Intacct has truly brought a mindset change and new way of working for our finance team.
From Sage 50 to 200 to Sage Intacct
As part of an initiative to modernise its financial management, The Beaumont decided to replace its Sage 200 system with one which delivered modern, cloud-based capabilities for scale, future-proof intelligence, and growth plans.
The team needed to develop a more efficient and effective way of working, with increased automation sought to free up finance team resources. With innovation as the goal, leveraging these resources to add strategic and operational value to the business was imperative.
Sage Intacct was selected based on its close alignment with The Beaumont’s goals and its ability to seamlessly integrate with revenue and procurement third-party applications across the hotel’s digital portfolio, using Percipient Cloud Connect. Managed by Percipient, The Beaumont went live with Sage Intacct after just a seven-week project.
New Possibilities
“More than just another accounting system, Sage Intacct has truly brought a mindset change and new way of working for our finance team,” comments Simran Singh, Finance Manager, The Beaumont Mayfair.
“We no longer need to manually post things and amalgamate data using spreadsheets as we did previously. Everything is directly imported into Sage Intacct, allowing for analysis and review of insights in just a couple of clicks. Instead of spending time searching for data, the team can focus on a specific area via the intuitive dashboards, delve into more detail as needed, and challenge assumptions to refine planning and performance.
“The time we’ve been able to save as a result of this speedy intelligence equates to a full-time role, which is now spent delivering the value and innovation we set out to achieve at the outset of the project.”
One of the key drivers of our success so far is Percipient. We genuinely wouldn’t be where we are now without the team’s support and guidance throughout the process, and to say that they have been a truly outstanding partner throughout the selection process, project and beyond would be an understatement.
A One-Stop-Intelligence Shop
This modern approach to financial management within The Beaumont has proved particularly valuable in supporting a new executive team, who can now access up-to-date financial information at any point. Month-end board packs for management meetings are generated in just a few days and provide accurate, in-depth analysis, which gives executives a single, consistent version of the truth from which to support decisions and planning.
The more reliable, timely, and granular insights, supported by integration with revenue and procurement systems for a cohesive view, allow the board to have much more meaningful and proactive conversations to resolve queries and highlight opportunities.
For example, with four entities — hotel operations, The Beaumont’s parent company, and three other entities — Sage Intacct manages each P&L deftly via its multi-entity management capabilities, demonstrating individual performance across different tabs within the dashboards. In parallel, Sage Intacct’s ability to create consolidated reports quickly not only saves time but delivers consistency and control. According to Simran, Sage Intacct is like a one-stop intelligence shop:
“The hotel industry, particularly in London, is incredibly competitive, and we make no secret of the fact that we have to bring our A game consistently to ensure we delight and retain our customers and always be one step ahead in serving their future needs.
“Against a backdrop consisting of numerous challenges, from price volatility, demand shifts, labour shortages and sustainability, Sage Intacct represents a clear USP in fulfilling this. Not only does it provide the visibility to navigate a changing landscape, but we can do this in the most agile, customer-focused and profitable way.”
Having gone live at the start of this year, The Beaumont is just six months into its transformational journey, but the team already love Sage Intacct and feels incredibly empowered and confident in the way they work now. Because the system helps them to work more intelligently, executives have also seen a boost in morale and productivity.
The Percipient Value
“One of the key drivers of our success so far is Percipient,” explains Simran. “We genuinely wouldn’t be where we are now without the team’s support and guidance throughout the process, and to say that they have been a truly outstanding partner throughout the selection process, project and beyond would be an understatement.
“They are always on hand to answer questions and guide us through any issues, which are always solved quickly; and regular check-ins with the team ensure we rarely come up against any surprises.
“Extending this even further, we get a heads up of any new functionality coming out from Sage, which is great as we want to be at the top of our game and prepare fully so we can capitalise on new capabilities.”
Sage Advice
“Moving from Sage 200 to Sage Intacct is much more than an upgrade or migration; it represents a shift in mindset and a new way of working,” Simran concludes. “It has replaced traditional accounting systems with a modern, intelligent, intuitive and forward-looking dashboard to expedite what’s possible. Sage Intacct is a genuine game changer, and we’re excited to embrace new possibilities with this new superpower at our fingertips.
The Sage Intacct Experts
If you’d like to learn more about upgrading to Sage Intacct or our Sage Intacct support service, contact us today or call us at 01606 871332.
