Containing cost, managing assets and balancing risk with reward are functions of dependable finance and accounting oversight. Hostmark Hospitality Group can assist in this critical function for any hospitality venture through the utilization of a variety of modeling and planning tools which can be integrated into any hotel or resort. These systems are designed to maximize the potential for scalability, and can be used either as a centralized unit, or within a property’s current system.
In addition, Hostmark’s proprietary online business intelligence platform, ProfitMark, allows for the free flow of daily information with ‘real-time’ accuracy. From the start of the budgeting process through development of the annual Marketing Plan, from weekly forecasting to fully customized reporting modules, data integration and analysis is handled within the ProfitMark system, increasing profitability through innovation.
Hostmark offers a wide range of financial and accounting services, which include the following:
- Operational financial statements
- Internal and operational audits
- Assistance to outside independent auditors
- Cash flow analysis
- Financial narratives
- Self-funded, Hostmark Care trust to provide health and benefit insurance for associates
- Use of independent tax consultants to reduce real estate tax burdens
- Centralized accounting system
- Comprehensive property/casualty risk management plans
- Safety and training tools that can reduce Workers’ Compensation claims