Percipient announces that unique hospitality scale-up, The Other House implements Sage Intacct Planning (SIP).
Designed to integrate with, and amplify the benefits of Sage Intacct, Sage Intacct Planning will deliver out-of-the-box budgeting, forecasting, and planning capabilities to facilitate one, meaningful, intelligent version of the truth, enabling confidence, control, and collaboration.
Having deployed Sage Intacct fully in July 2022, The Other House sees digital as a crucial aspect of its business and a huge source of competitive advantage. The intelligence generated through using Sage Intacct means that The Other House can view pretty much anything via an easy-to-navigate dashboard, daily, weekly, monthly, or by any other configuration to distil key data in minutes rather than days while the live insights generated by SIP are merged with the working budget. Because these insights flow seamlessly back into Sage Intacct, interdependencies, and their respective influence on P&L and cashflow, can be assessed to support planning better.
This ability to use this level of insight to underpin strategic, evidence-based conversations and make better business decisions when they need to be made, not only speeds up but brings unprecedented levels of confidence.
The team at Percipient has been invaluable throughout this project. Not only have we benefitted from the consistency of the same team responsible for our Sage Intacct deployment, but they’ve been committed, dedicated and tenacious in ensuring SIP delivers for us. Their understanding of our business model, which is fairly unusual within the hospitality space, and friendly, flexible approach to ensuring everything is right, ensured a seamless go-live. As we continue to get to grips with the solution they’re always on hand to support us and provide solutions to any challenges we come up against.
Sage Intacct Planning for Hospitality
“SIP links smoothly, mapping budgets and forecasts to actuals, makes our planning both informed and easy,” comments Ashley Slinger, Director of Operations Finance at The Other House. “Forecasts are available weekly, monthly or on a rolling basis according to need or preference, and these can be adjusted as events or dynamics change. Drivers can be set up against all cost bases, from concierge services to laundry or housekeeping to drive planning and ensure correct costs.
“Our monthly meetings review the insights from SIP, and we can immediately review performance based on actuals, and forecasts for the subsequent quarter. This degree of visibility helps us plan and cements our relationship with stakeholders as we can be transparent about where the business is at any given point.
“The Other House’s next property launch will be Covent Garden in 2025, and using SIP, we have much more accurate, detailed insights from which to refine planning. SIP reinforces the planning process and gives us confidence that we’ll see the return on the energies and investment being made in the best way.
“The team at Percipient has been invaluable throughout this project. Not only have we benefitted from the consistency of the same team responsible for our Sage Intacct deployment, but they’ve been committed, dedicated and tenacious in ensuring SIP delivers for us. Their understanding of our business model, which is fairly unusual within the hospitality space, and friendly, flexible approach to ensuring everything is right, ensured a seamless go-live. As we continue to get to grips with the solution they’re always on hand to support us and provide solutions to any challenges we come up against.
“Ultimately, the live intelligence and insights on all aspects of our business which Sage Intacct and SIP converge to deliver, give us truly end-to-end financials, budgeting, forecasting and planning. The detail and dashboard-based insights mean we have unprecedented levels of depth and detail on every number, allowing us to plan better, refine strategy and scale in the best way possible.”
Financial Forecasting for Hospitality
Please read the full success story for The Other House or for more information about how we can help your hospitality business to succeed with Sage Intacct Planning, get in touch or call us on 01606 871332.