Budgeting and Reporting Software for Hospitality and Leisure
Corporate performance management software can aid hospitality and leisure companies, automate, and digitise their processes. Accelerating the reporting and forecasting cycles with a dedicated planning and reporting solution.
Replace multiple excel spreadsheets with a single platform, where you can budget, forecast, and report in a multiuser environment.
Driver Based Planning
Use visitor numbers, occupancy or other principle revenue drivers to guide revenue assumptions. Plan daily, weekly, monthly in the detail that you require. Generate cost of sales forecasts based upon simple Gross profit assumptions.
Staff Costing
Plan salaries and non-pay staff costs in detail by individual, model pension and NI changes. Estimate starter / leaver and new staffing requirements based upon revenue assumptions. Include other assumptions such as turn over savings.
Multi-Site Planning and Reporting
Corporate Planner can be used to plan one or more sites. Multiuser access ensures each site manager can report, budget, forecast and comment on results. Heads of department can be given restricted access to ensure they can only access and budget their areas. Workflow enables users to be notified on changes, like when new reports are available, budgets updated or forecasts required.
Balance Sheet and Cash flow forecasting
For many hospitality and leisure companies, there is a significant trading seasonality. Banks and investors often require detailed forecasts for 1 or more years, which is vital to ensure sustainability. With Corporate Planner Finance, model in detail, debtors, creditors, investments and financing. P&L, Balance Sheet and Cash flow are fully integrated so that any change in assumptions, automatically feeds through and updates the overall plan.
Multiple Scenarios for different stakeholders
With Corporate Planner you can create multiple scenarios e.g. bank budgets, management budgets and department budgets each with different performance targets. Rapidly analyse variances to budgets and forecasts in the single financial model. Use the scenarios for best and worst case so that you are prepared for all eventualities.
Growth and acquisitions
Corporate Planner can model changes to your business from expansion by setting up new sites, or acquisition of other companies. Use the scenarios to plan these changes. CP Consolidation can aid modelling acquisition of additional entities as well as consolidation of existing structures.
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5 Ways To Reduce Time On Budgeting And Forecasting
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