Wednesday, May 29, 2024
HomeHotelsHotelogix and HostBooks to Join Forces to Help Hotels with Streamlined Accounting...

Hotelogix and HostBooks to Join Forces to Help Hotels with Streamlined Accounting Process






  • Hotelogix and HostBooks to Join Forces to Help Hotels with Streamlined Accounting Process   

Hotelogix, a globally leading cloud-based hospitality technology provider, announced the completion of a direct interface between its Hotel PMS and HostBooks’ enterprise accounting software. The integration aims to empower hotels with an automated process of collating invoice data to streamline the accounting process, save time, and improve efficiencies.

Headquartered in Gurugram, India, HostBooks is a cloud-based accounting software that enables businesses to automate and streamline their end-to-end accounting practices, including managing inventory, GST and TDS filing, bank reconciliation, bookkeeping, reporting, compliances, etc.

The hospitality industry is undergoing a significant shift from a monolithic system where finance was just a small module to a time when hotels require feature-rich financial systems today. It has become crucial for hotels to have better control over their finances and expenses and to gain a deeper understanding of how and where business opportunities lie to drive growth.

Regarding this development,  Sivaprasad Gangadharan, Chief Sales Officer at Hotelogix, said, “Via this collaboration with HostBooks, we aim to offer best-in-breed and specialised financial solutions to hotels that cover entire gamut finance and accounting operations.”

Through this integration, Hotelogix cloud-based Hotel PMS will push all invoices to the HostBooks platform to ensure accurate revenue is captured and settled under each ledger. This is a crucial component for effortlessly filing their GST returns for hotels. It also generates relevant reports to extract and analyse data for informed decision-making. It also enables hotel groups to manage accounting, P&L, multi-property Financial MIS reports centrally.

Speaking of this partnership, Rathnaraj Livingston, Global Business Head & Sr. Director at HostBooks said, “We are pleased to have extended our capabilities to the hospitality industry by partnering with Hotelogix that has a wider reach and strong customer base.”

About Hotelogix

Hotelogix is a globally leading cloud-based hospitality technology solutions provider of industry-first Multi-property Management System, Hotel PMS and Mobile PMS App for independent and hotel groups. We have the remarkable feat of implementing the most extensive multi-property deployment of 50000+ rooms across 500+ properties under a single group. Through our distribution brand AxisRooms, we also offer Channel Manager and Revenue Management solutions. We have earned the trust of 5000+ hotels in 100+ countries, including South Asia, Southeast Asia, the Middle East, LATAM, Europe and North America. We have been instrumental in driving their growth while helping them sell more rooms at the optimum rate and serving guests better.

Hotelogix is headquartered in Singapore with offices in the USA, India, UAE, Thailand and the Philippines.

Contact

Debi Prasad Sarangi
Ph: +91 9986496849



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments