HPM automates and centralizes budgeting and planning processes for hospitality chains
SunSystems Launches Enterprise-Wide Analytics; Revolutionizes Financial Planning Process in Hospitality Chains
SunSystems Hospitality Performance Management automates and centralizes all budgeting and forecasting processes to drive productivity and profitability
HITEC 2004, Dallas, TX – Wednesday, June 23, 2004: Systems Union Inc., developers of SunSystems, today announced the availability of the hospitality industry’s first truly integrated front-and-back office analytics solution – SunSystems Hospitality Performance Management (HPM). The solution delivers powerful planning and analysis capabilities from one, integrated application. Uniquely, SunSystems HPM automates any hotel’s enterprise-wide budgeting and planning operations by integrating the financial planning process with all relevant data systems. Hospitality finance teams derive immediate cost and productivity benefits from the solution’s ability to centralize control of all budgeting and planning cycles.
SunSystems HPM utilizes advanced Revenue Yield Management statistical modeling theory. And, HPM is built on flexible technology that ensures the ability to openly access any and all systems within a hospitality business – such as ERP, CRM, GRO, PMS and POS systems.
Integrated analytics solutions, tailored to the hospitality industry, are increasingly regarded as critical business tools in today’s highly competitive hospitality marketplace. Hotels, in particular, need to be able to report accurately and instantly based on real-time data. And, budgeting and planning processes must be revisited on a regular basis, to perform critical data modeling tasks – such as what-if scenarios – to identify revenue opportunities and business weaknesses.
Successful hospitality organizations now recognize that integrated analytics will drive the organization’s ability to maximize revenues.
The three key benefits delivered by SunSystems HPM are:
1. Process Efficiency Gains
SunSystems HPM automates the entire financial planning process. Hotels experience tremendous efficiency and productivity gains by eliminating the need for manual spreadsheet entries. This also improves the accuracy and viability of the data used within the financial planning process, which facilitates greater confidence in the hotel management decision-making process.
Equally as important, SunSystems HPM is an open, easy-to use system that adopts existing business policies and procedures, instead of requiring that the user adopt a new methodology for executing their planning process. As a result, deployment of SunSystems is rapid and training on the system is minimal. This adds further to the cost reductions and productivity gains within hospitality organizations.
2. Hotel Unique Functionality
SunSystems has a long-standing and well-respected reputation as the financial system of choice for hotel organizations around the world. Our knowledge of the industry’s performance indicators and business requirements further reinforces the effectiveness of our performance management solution. To this end, the solution is pre-configured with relevant hotel industry KPIs and the financial model is built with the needs of mid-to-large hotel organizations in mind.
3. Managing Performance
Unlike any other analytics solution, SunSystems HPM offers a centralized management approach for corporate finance teams to plan and report from. SunSystems gives users an immediate perspective on what is happening in the organization at any point in the business cycle. It also allows users an easy-to-manage interface to run ‘what if’ scenarios and execute detail planning at any point in the business cycle. Whether you want to know how your business units are doing today, or if you want to forecast how your business units will be affected given plausible economic conditions, SunSystems gives you the modeling tools and real-time data access needed to plan and act effectively.
Andrew Turton, Global Solutions Director, Hospitality at Systems Union Inc. comments: “The hospitality industry has been aware of the need to integrate systems across the front and back end for years. However, existing analytics and BI tools are limited to certain front office applications – which limit their effectiveness. Many industry experts believe that the first hotel chains to address complete integration will be hospitality market leaders for the next decade. SunSystems HPM is a primary example of how truly integrated analytics tools can advanced the business planning and forecasting needs of today’s hotel chains. HPM is the first truly integrated enterprise analytics solution that accesses all systems and applications, provides real-time updates of data when requested and completed automates the budgeting process. This is true integration. This is revolutionary. This addresses the needs of today’s hotel chains.”
SunSystems is the core product range of the Systems Union Group plc, which is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange. The company is one of the largest business software houses in the world, with 44 offices worldwide and Channel Partners in 73 countries serving customers in all parts of the world.
Products within the SunSystems range are available in 30 languages with over 18,000 customer sites in some 194 countries. The software solutions are used extensively by multinationals, whose offices worldwide require an international product with global support infrastructure.
Customers include 45 of the world’s 50 largest corporations, and some of the world’s most recognized hotel brands – including names such as Hilton International, Four Seasons, Marriott and Schrager. Globally, one quarter of the Fortune 500, use SunSystems.
Director of Marketing
Systems Union Inc.