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Streamlines Hotel-Management Companies strategic decision-making
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Represents quantum leap in tracking, budgeting, and forecasting
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Capitalizes on existing legacy systems
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Provides immense added value for corporate executives
13 June 2001 - A powerful new IT system for data consolidation, budgeting,
forecasting and analysis tailored for hotel chains and management companies,
is to enjoy its international launch later this month at HITEC 2001, the
Hospitality Industry Technology Exposition & Tradeshow, Booth 1148,
1150, taking place 26-29 June 2001, in Orlando, Florida.
The Inntegral Solution, developed by the former CFO of a hotel-management
company and a statistical theorist specializing in hospitality industry
principles, aggregates the key data from a company�s existing legacy systems
and integrates the information onto a central platform, making it accessible
to the innovative tracking, budget-planning, and forecasting modules which
comprise the product.
�I know all about the demands, pressures, and considerations with which
a senior executive in a lodging-management company has to deal,� states
Morris Lanel, one of the founders of Inntegral® Business Intelligence
Systems. �Daily decisions, not to mention long-term planning, depend on
information which streams in from multiple sources and often multiple systems.
Just sorting through that basic data before being able to get down to the
essence of decision-making and strategic planning uses up valuable time
and effort. So, based on my own experience, I knew there had to be a more
efficient way and sounder methodology.�
Being a bottom-line person, Lanel
also was conscious of the reluctance any executive would have about replacing
existing IT systems. So, he and the company�s co-founder, Dr. Zvi Schwartz,
undertook creating a platform which made use of all legacy systems operating
within any given hotel company. Schwartz � who has taught forecasting methods
for hospitality, tourism quantitative models in hospitality and tourism
management, plus organization and management at the university level �
is a published theorist whose applied experience matched and complemented
the challenge.
�Complex decision-making support is becoming increasingly crucial for
efficient and effective hotel-chain management,� Schwartz explains. �We
saw a need for consolidating hard data in such a way as to facilitate analysis
and take a lot of the guesswork out of budgeting and forecasting.�
The product of their efforts, in cooperation with a subsidiary of Ness
Technologies, is The Inntegral Solution,
which comprises four modules: a multiple-property Data Consolidator,
a multi-level Performance Analyzer, a highly dynamic Budget Executive
for creating and tracking budgets, and a Forecasting Wizard.
Among its broad spectrum of features, the Inntegral Solution provides
immediate and convenient views of a group�s budgets at each organizational
level (hotel, region, brand, and group); comparison between business units;
analysis of various revenue and cost parameters; a rolling dynamic budget
that serves as a short-term forecasting system; multi-currency management,
and local-language adaptation. There is a diverse scenario generator for
�what-if� analysis, an automated breakeven-point calculator enabling hotel-specific
computation, and the means for applying a wide range of sensitivity tests.
These are only examples of the myriad tools and options included in the
system.
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Business Inntelligence Solutions for Hotel-Chain
Management
Inntegral Business Intelligence Systems has devised an
efficient and proven system which consolidates the preponderance of data
hospitality industry executives require for crucial decision-making.
Typically, hotel-company executives are flooded with vast
quantities of information which stream in from a wide range of sources.
Since most of this raw data is generated by different information systems
and in a mixture of formats and report structures, the ability to extract,
analyze, and present only the relevant data in an efficient and consistent
format is pivotal.
Inntegral provides precisely such a tool to hotel-management
companies, tailoring it to the requirements of each. The Inntegral Solution
accepts data from the hotels' multiple IT systems, processes the figures,
and transforms them into comprehensive and integrated information. This
creates a central information bank for the organization - especially the
key executives at corporate, regional, and individual-property levels.
This multi-purpose management tool provides overall and
localized performance observations, intricate analysis, effective forecasting,
and budgeting:
The Performance Analyzer features
a versatile Reports Generator with vivid graphic representations and dynamic
charts, visualizes critical reports and replaces cumbersome spreadsheets.
Seasonal and long-term trends are instantly revealed, providing a powerful
depiction of organizational performance.
The Forecasting Wizard
allows instantaneous examination of historical data and patterns and produces
accurate forecasts of occupancies, revenues, and expenses by market segment.
The Budget Executive
is a comprehensive, multi-currency, dynamic budget generating and analyzing
system, featuring a powerful "what-if" analysis scenario-generator. It
also serves as a short-term forecasting system, with very flexible budget
periods and numerous versions that can be managed and compared. An automated
Breakeven-Point Calculator enables hotel specific computation of the minimum
business volume required to achieve breakeven operations.
The Data Consolidator
combines relevant data from all the properties in the company, to provide
a concise performance presentation of the hotels in the group, at all organizational
levels - by hotel, by region, by brand, and company wide.
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The first version of the platform was installed in mid-1998 at Isrotel
Hotel Management (1981) Ltd., one of the largest hotel-management companies
in Israel. The valuable input from Isrotel�s senior executive team contributed
importantly to the refinement of an even more advanced, powerful, and user-friendly
system.
During the first half of 2001, the Inntegral Solution came into use
at two prominent hotel-management companies: Accor (Israel) and Park Plaza,
Europe. Both report they are already experiencing substantial benefits
from the integration of the system � even at the very early stages of implementation
� and are progressing rapidly to full-scale operation at all company levels.
�With our accelerated growth rate, we urgently needed a powerful tool
to integrate our systems and allow us effective group management,� acknowledges
Yossi Wircer, Corporate VP - Management Service of Park Plaza, Europe.
�Almost immediately, the Inntegral Solution was able to provide us with
clear presentations of the performance levels of recently affiliated properties
and an effective view of the unified chain status. Inntegral supplied us
with a first-rate platform for understanding and managing our evolving
business.�
David Catz, Operations Manager of Accor (Israel) adds �Inntegral has
provided us with an excellent solution to effectively consolidate the activities
and information of all our properties, with effective graphs that provide
a clear picture of the business status and of seasonal and long-term trends.
The immediate availability of crucial chain information improves our executive
decisions and the overall business management.�
As a result of the successful and satisfying testing the system has
undergone, the Inntegral Solution is being released, internationally. �This
system has already proven its ability to simplify data analysis, increase
management efficiency, and improve organization performance,� states Lanel.
�We are confident it will prove to be an invaluable tool for the senior
executives and decision makers of hotel-management companies.�
Inntegral® Business Intelligence Systems is headquartered in the
United States, with its R&D subsidiary based in Israel. |