In Its Harvard Square Properties
|April 20, 2006 - Richard Carbone, General Manager of the Inn
at Harvard and the Harvard
Square Hotel has chosen priZem’s
Labor Intelligence application to help in his company’s goal to ensure
a profitable return to his owners and investors. By implementing Labor
Intelligence, Collegiate Hospitality will now be able to increase productivity,
produce a labor forecast based upon chosen performance indicators automatically
and distribute reports by department via email to its managers quickly
Utilizing the Labor Intelligence direct interface to the ADP Timesaver database, time and attendance actual hours and wages data can be quickly imported directly from the Timesaver database in one step to create labor reports that eliminate labor variances. Associated labor budget data can also be easily imported from any available file directly into the application. Using the Labor Intelligence interface, a manager can access labor data for both Collegiate Hospitality hotels which reside in a single database by toggling between them from one location.
With priZem Labor Intelligence, Collegiate Hospitality can now manage the single largest operating expense by producing labor reports that can be compared against forecast, budget, prior year with variances to forecast based on revenue and statistical data.
John Kiely, CFO, states “Labor Intelligence will save us an enormous amount of time and allow us to produce the reports we need more flexibly and quickly than done previously via the spreadsheet method”.
priZem is a provider of budgeting, forecasting and labor software solutions that cost effectively reduce budget/forecast preparation cycles, reduce the daily labor/revenue reporting process, increase the accuracy of vital operational data and allow for faster departmental distribution of reports.
priZem’s products, Budget Intelligence and Labor Intelligence, are affordable; easy to use; real-time; multi-user; developed by professionals with hospitality financial backgrounds; customizable; and tailored to the hospitality industry.
About Collegiate Hospitality:
Collegiate Hospitality, LLC was formed in January of 2005 by a long time hospitality professional Richard Carbone. Collegiate Hospitality currently has two properties under management in The Inn at Harvard and the Harvard Square Hotel. Both hotels are owned by the President and Fellows of Harvard University with the mission of striving to create value for guests, property owners, and associates in each hospitality property.
Collegiate Hospitality develops an innovative, customized business plan for each property under Management. Through this belief, Collegiate Hospitality requires each property General Manager to spend a minimum of 75% of their time in both guest and staff member contact areas. In some cases the property General Manager is physically located in the lobby of the property to allow for unprecedented guest contact.
priZem Phone: 212-327-2400 www.prizem.com
|Also See||The Sports Club/LA Company Installs priZem international Labor Reporting Database System / June 2004|
|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|