Budget Intelligence as Budgeting and
|NEW YORK, NY, Nov. 16, 2006 – priZem inc., a provider of hospitality
budget/forecast, daily revenue, labor and asset portfolio management software
solutions, is pleased to announce that The Lanesborough, a European landmark
of The St Regis Collection, has chosen to standardize its budgeting and
forecasting process by using the priZem’s database budgeting/forecasting
solution instead of its current process.
“Budget Intelligence will provide us with the opportunity to capitalize on the benefits of a true web based, database application where we can involve all the management team to prepare the annual budget and monthly forecasts. With Budget Intelligence, we will be updating our next year budget database at the end of each month by simply uploading a monthly trial balance. Also as our forecast will be located in the same database, it will allow us to track forecast accuracy," stated Sue Bahia, Director of Finance at The Lanesborough. "Not only will be saving processing time; but, we will be becoming more efficient."
We are pleased that The Lanesborough has selected Budget Intelligence as its budgeting and forecasting standard," stated Paul West, President and CEO of priZem. "Our reliable web based, database, application that was developed by hotel financial operators for the hospitality industry, accommodates any brand or property size and initiates a process that can help hotel management to spend more time analyzing the data instead of manually keying numbers or re-entering historical data.”
About The Lanesborough, a St Regis Hotel:
The Lanesborough, capturing the gracious style and hospitality of an early 19th century residence where visitors are greeted as honored guests as if in a private home. Ideally located in the heart of London on Hyde Park Corner, this majestic hotel is just minutes from Harrods and the exclusive boutiques of Sloane Street and Knightsbridge. Built in 1828, The Lanesborough is one of the London’s most traditional hotels, five minutes from Buckingham Palace.
Hyde Park Corner • London SW1X 7TA • United Kingdom. Phone: (44) (20) 7259 5599
priZem’s products, Budgeting, Forecasting, Daily Revenue Reporting, Labor Reporting and Asset Portfolio Manager are affordable, easy to use, real-time, multi-user, developed by professionals with hospitality financial backgrounds, customizable and tailored to the hospitality industry.
For more information, log on to the priZem web site at www.prizem.com or contact priZem at email@example.com or 212.327.2400.
priZem Phone: 212-327-2400 www.prizem.com
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