Labor Reporting Database System
|June 10, 2004 - The Sports Club/LA, a leading high end sports, spa
and fitness, company recently installed priZem international’s Labor Intelligence™
to handle labor reporting for all the clubs within its eastern US region
and soon plans to include its remaining US operations. Labor Intelligence™
is a database reporting application that provides companies with the tools
to manage labor costs on a daily, weekly and monthly basis by labor code
as compared to forecast, budget, prior year and desired performance indicators.
Labor Intelligence™ brings to The Sports Club/LA a powerful labor reporting
product that will allow the management team of each property to control
more effectively its greatest expense.
Luc Van Wambeke, East Coast Regional Controller of The Sports Club Company, states: “Labor Intelligence will undoubtedly create awareness among our property management teams, enhance our ability to quickly spot trends in labor expenses and respond to them in a timely manner. Labor is such a significant component of our operating expenses and understanding how every dollar is spent is critical to the success of our operations. Historically, we have managed these expenses through the use of spreadsheets. However, in the current economic climate it is even more important that our operations have the most up to date information available as fast as possible so our managers can be more capable of adjusting expenses quickly.
Complicated spreadsheets are too time consuming and difficult to manage during the forecast and budget process, and having this information in a database that is accessible for any particular period at any time is so much more flexible and efficient when projecting labor expenses.”
Paul West, President of priZem international, says: “Most spas and fitness operations today spend considerable amounts of time manually re-keying labor numbers from various reports into fragile spreadsheets while Labor intelligence automates this process within a more stable, flexible database structure. This then allows managers to produce the needed and helpful reports that can be more easily generated for any period of time and for any department within a matter of minutes. Consequently, Labor Intelligence users can spend their valuable time actually analyzing data and managing the operation accordingly.”
About priZem international
priZem international (pZi) is a privately owned company that was established in 2000 and has various clients in hotels, resorts, spas and fitness centers worldwide. pZi is the hospitality and spa industry’s premiere source for financial and technology solutions that has developed a suite of hosted applications specifically designed to enhance profitability within any company or individual operation. The pZi products are as follows:
Labor Intelligence ™ – The application described above is available as a web based property or corporate installation and as an online hosted service.
Budget Intelligence ™– The web based database solution that will eliminate the cumbersome, error-prone spreadsheet,which is still widely used for the forecast and budget process by most accounting operations. Budget Intelligence is available as a property installed or corporate web-based application and as an online hosted service.
Market Intelligence ™– An online application that provides financial and statistical information for the analysis of market trends based on customer-defined competitive sets.
About The Sports Club/LA Company
The Sports Club/LA is a leading sport, spa and fitness company that
owns and operates six clubs (Clubs) under The Sports Club/LA name in Los
Angeles and Beverly Hills, Washington D.C., Boston, San Francisco and at
Rockefeller Center and the Upper East Side in New York City. The Company
also owns and operates The Sports Club/Irvine and operates and owns a majority
interest in Reebok Sports Club/NY. The Sports Club Company also operates
under a management agreement the Sports Club LA in Miami Florida. Its Clubs
offer various fitness and recreation options and amenities, and are marketed
to affluent, health-conscious individuals seeking a service-oriented club.
Its subsidiary, The SportsMed Company Inc., operates physical therapy facilities
in some of the Company's clubs and at other locations.
priZem international, inc.
|Also See||It’s BUDGET Time Again – Prepared Using Spreadsheets - AGAIN!!! / August 2003|
|Are You Laying-off the Right Employees? / April 2003|
|Inexpensive Software Provides Hoteliers with Decisive Method of Managing Labor Costs in a Challenging Economy / Dec 2002|