As contemporary finance operations continue to advance, automation has evolved the manual accounting processes with streamlined solutions.
Globally, the hotel industry’s accounting processes are layered, and accounting teams continue to become leaner. This leaves little room for relying on manual accounting processes such as traditional spreadsheets that are highly error-prone—with an approximate 90% error rate.
With automation, integration, and centralization, hospitality industries are leveraging intelligence and robotics to eliminate time spent on manual accounting procedures, and instead place efficiency, accuracy, and robust data at the centerfold. Evention’s key walk-through kit highlights how automation and reconciliation processes provide teams with real-time information, at micro and macro levels across multiple systems.