Best Methods for Budgeting and Forecasting in the Hospitality Industry
Due to numerous follow-up requests from our popular webinar in late October, LPA has answered the call and will hold an encore presentation of this popular event on February 12th.
Sign up now before space runs out!
Is your organization using spreadsheets for your annual budgeting and forecasting process?
Are you not able to budget or forecast at the
individual hotel level because of limitations in the process?
Would you like to be able to forecast Room Revenue, Occupancy Percentage, REVPAR, Average Daily Rate, Labor, etc. more frequently and gain accuracy in the process?
Would you like to know what the best hospitality companies in the world carrying flags such as Marriott, Hilton, and Hyatt are doing to be innovative?
If you answered yes to any of these questions, you owe it to yourself to join us February 12th for an encore presentation of this unique webinar and see how hospitality companies are doing more with less with LPA's Hospitality Solution and IBM Cognos TM1.
As a premier IBM partner focused in the hotel, resort, and hospitality industry, LPA will walk attendees through a real life customer scenario, from a customer who answered yes to all of the above questions prior to the implementation of IBM Cognos TM1. Hear how this customer was able to streamline their budgeting and forecasting process to thrive in a down economy and achieve:
- An all-time high in user adoption
- Over 300 users in the first month of rollout
- The ability to forecast accurately revenue and expenses for each of over 235 hotels at the daily level
Join LPA Software Solutions and IBM for this complimentary webinar on February 12th and discover why companies all over the globe are replacing their spreadsheets with IBM Cognos TM1. You'll hear new and innovative ways for your company to:
- Increase visibility into revenue, profit and working capital drivers
- Create timely, reliable forecasts to align operating costs with new levels of business activity
- Sustain cost-effective financial governance in response to increasing regulation and oversight
Improve insight and responsiveness to the impact of financial and operational risks on profits, balance sheet and cash flow.