Hospitality and Franchises


Intacct helps leading hospitality businesses—such as single- and multiple-property hotels, restaurants, and tourism vendors—optimize operations, increase margins, automate manual processes, and make better, faster decisions.

  • Gain real-time financial and operational visibility tailored to your hospitality business.
    • Get a 360˚ view of your entire business. Our flexible and extensible general ledger provides a strong foundation for multi-dimensional planning, reporting, and analysis so you can track real-time performance centrally and across all of your locations. Dig in to the data behind the reports with comprehensive drill-down capabilities across properties, locations, vendors, customers—or anything else important to your business. Improve cash flow management and revenue forecasting with real-time visibility into current inflows, outflows, and revenue streams.
  • Ensure strong financial controls.Make it easy for staff to enter and view information for specific properties and locations—without giving them access to the financials of other locations or the entire business. Control access to the system with sophisticated security and granular permissions and workflows that enable you to define user permissions for access to specific processes, transaction documents, or reports.
  • Easily manage complex financial structures.
  • Intacct Global Consolidations provides the financial flexibility to support virtually any operating or ownership structure—including franchise operations, fractional ownership, global business units, and other complex holding structures—that you can track and close on a daily basis. Enable each property or location to use its own chart of accounts, taxation rules, and financial reporting requirements while managing real-time consolidations from the parent company. See a global view of consolidated financials across entities, and drill down to subsidiary source transactions, real time receivables, and payables. Automate inter-entity consolidations and eliminations.
  • Seamlessly integrate financial management with business critical applications.
  • Save money and reclaim time spent troubleshooting third party software with pre-built integration to leading applications. Link to leading point of sale and front-office systems, as well as to asset management, payroll, attendance, and payment applications. Future-proof your Intacct investment using open web services to connect to on-premises or cloud-based applications you’re using now or considering in the future.
  • Dramatically reduce IT costs.

“We wanted a solution that would allow us to easily add and remove financial entities as we acquire and divest various properties. In addition, we needed a solution that would continue to allow us to do both centralized and decentralized accounting. Intacct meets these needs perfectly.”

— Director of Property Accounting, Hospitality

 

Intacct helps leading franchises or franchise groups manage royalty payments, franchisee performance and overall franchise growth, analyze performance, and plan for expansion.

    • Optimize inventory, maximize profitability, and control costs.
    • Manage the finances of your entire business while making it easy for each franchise or entity to function as an autonomous unit. Intacct helps leading franchises or franchise groups manage royalty payments, franchisee performance and overall franchise growth, analyze performance, and plan for expansion.
    • Gain real-time financial and operational visibility tailored to your franchise business.
    • Get a 360˚ view of your entire business, as well as individual franchises or franchise locations, with role-based dashboards, and rich reporting and analytics. Easily analyze data using a multi-dimensional approach to easily evaluate operational and financial information, as well as consolidated and local key performance metrics. Dig in to the data behind the reports with comprehensive drill-down capabilities across properties, locations, vendors, customers—or anything else important to your business. Improve cash flow management and revenue forecasting with real-time visibility into current inflows, outflows, and revenue streams. Automatically map subsidiary periods, general ledger accounts, statistical accounts, departments, and franchise locations to their parent companies.
    • Ensure strong financial controls.
    • Make it easy for staff to enter and view information for specific properties and locations—without giving them access to the financials of other locations or the entire business. Better control costs with sophisticated security and granular permissions and workflows that enable you to define user permissions for access to specific processes, transaction documents, or reports.
    • Easily manage complex financial structures.
    • Support virtually any operating or ownership structure—including fractional ownership and other complex franchise structures—even if various owners or companies control different percentages of each franchise. Derive consolidated financials across multiple business franchises—even across franchise entities operating in different currencies—and perform monthly, weekly, or daily closes with Intacct Global Consolidations. Enable each location or franchise entity to operate independently—using its own chart of accounts, taxation rules, and financial reporting requirements—while managing real-time consolidations from the parent company. Gain a global view of consolidated financials for your entire organization, and drill down to entity source transactions, real time receivables, and payables. Automate inter-entity consolidations and eliminations, saving hours of manual, time consuming reversing entries.
    • Seamlessly integrate franchise accounting software with business critical applications.
    • Save money and reclaim time spent troubleshooting third party software with pre-built integration to leading applications. Link to leading point of sale and front-office systems, as well as franchise and asset management, payroll, and payment applications—eliminating duplicate data entry and improving accuracy and reliability. Future-proof your Intacct investment by using open web services to connect to on-premises or cloud-based applications you’re using now or considering in the future.
    • Dramatically reduce IT costs.

“Intacct has put us in control of our financial information, both from a historical perspective and in a proactive, planning capacity.”

— VP of Finance and Operations, Franchise