Hospitality Company Uses Prime Ledger to Streamline and Transform Back-Office
Prime Ledger's largest hospitality client, headquartered in New York with various locations throughout
the US, recently shared how Prime Ledger has done a complete overhaul of their back-office by streamlining
the accounting and payroll function while reducing overhead costs.
The Business Challenge
- A leading U.S. hotel management company that owns and operates various select service hotels, had many different income streams, and worked with challenging legacy software that did not allow for insightful reporting or accurate banking.
Prime Ledger Solution
- Prime Ledger comprised a small, dedicated team with expertise in the hospitality industry. Prime Ledger spent time meeting with the client, gathering insight on their business goals, and gaining a detailed understanding of the technology platforms currently implemented and what their reporting processes were. The Prime Ledger team determined which commercial grade, industry specific platforms would not only integrate with their current technology, but provide the client with more efficiency, operational cost savings, and better reporting.
- The hotel management company was able to streamline their reporting and track expenses back to specific properties. More importantly, Prime Ledger helped to streamline their operations, resulting in reduced operational costs and savings on credit card fees, in addition to transitioning the client from expensive legacy software to more cost effective, industry specific platforms.