ProfitSword Releases Report Analyzing the Latest Trends in Data Forecasting and Budgeting Technology

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ProfitSword Releases Report Analyzing the Latest Trends in Data Forecasting and Budgeting Technology

03/22/2019

ProfitSword, hospitality's premier developer of business intelligence and data integration software, announces the release of a comprehensive report detailing the latest advances in data forecasting and budgeting tools and practices for the hospitality industry. Utilizing insight from the industry's leading experts, the report showcases how today's data management environment has evolved to provide the tools needed for hoteliers to instantly implement sound business strategies based on real-time and always accurate information.

Titled: "Building a Path to Profitability and Efficiency in Hospitality's Age of Mass Data and Analytics," the ProfitSword report reveals several significant advances since the days of manual spreadsheet data inputting and sharing. With such practices long blamed for the untimely delays in gathering performance data or the constant risk of inaccuracy, hospitality professionals can learn of newer technology that is now capable of seamlessly integrating within an array of disparate property systems to provide up-to-date analytics in an instant. The report further details how these cloud-based solutions offer hoteliers instant access to their data from anywhere and automated reporting that can include information from multiple properties, regions or business departments.

The ProfitSword report further details how these cloud-based platforms are being leveraged by hoteliers to ensure maximum efficiency across an array of business planning operations. This includes the streamlining of labor spend and expenditure planning, allowing hoteliers to promptly allocate the correct level of resources based on real-time events and needs. By analyzing the ability of cloud-based data management platforms to instantly extract information from sources such as sales, labor management, back off accounting, and property management systems, the report further demonstrates how today's hoteliers can now be fully confident in their ability to anticipate the business environment and exceed expectations.

To download a copy of the ProfitSword report on data budgeting and forecasting technology trends, please click here.