Hotel Online  Special Report

The Lanesborough in London Selects priZem Inc.
Budget Intelligence as Budgeting and
Forecasting Application 


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

About priZem:
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, 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 or contact priZem at or 212.327.2400.

Phone: 212-327-2400

Also See Zero-Based Budgeting in the Hospitality Industry / Jose Acosta / August 2006
Marriott Warner Center Manages Labor Productivity with priZem’s Labor Reporting Software / July 2006
Westin Rio Mar Resort and Spa Benefits From Its priZem Labor Intelligence Reporting Tool / May 2006
The Daily Revenue Report by Spreadsheet Process Is Obsolete! / April 2006
Collegiate Hospitality Installs priZem Labor Intelligence In Its Harvard Square Properties / April 2006
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

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