Quore Introduces CapEx Tool for Hotel Management
Quore, provider of workforce communication and engineering/housekeeping management technologies, has a tool that is helping multi-property management companies make financial decisions by staying on top of all property-level capital requests. The CapEx app aims to customize and automate the flow of approved expenses for increased efficiency. The tool – tied to the hotel inventory within Quore – is also expected to make it easier to track warranty information on inventory assets, giving management an accurate budgetary forecast on any items that might need replacing over time.
According to VP of Strategy and Alliances Richard Bradbury, Quore clients needed a way to look at their budget and expenses, access historical reporting and analyze trends and share up-to-date information on what is happening at their hotels.
Within the Quore CapEx app hoteliers can segment CapEx requests by type (emergency or budgeted); forecast using Future Request; manage the customizable approval flow by type, title and final approver; streamline capital requests within the approval flow by ensuring that only designated employees can approve pre-specified amounts; tie CapEx requests to inventory items already within Quore; and include bids for work required from external vendors.