Project Description

Platinum Hospitality streamlines operations and simplifies multi-entity financial management with Intacct.
THE CHALLENGE:

 Platinum Hospitality Management, a hotel developer and operator in Texas and Tennessee, needed a financial management solution that could support the company´s growing property portfolio. With complex operations comprised of multiple corporations, bank accounts and subsidiaries, Platinum needed a solution that would:

  • Provide multi-entity functionality to centrally run the hotel chain’s back-end tasks.
  • Offer advanced business analytics to gauge real-time business performance.
  • Lower IT costs and provide anywhere, anytime access.
Intacct’s web-based financial, supply chain and business intelligence applications makes it a far more attractive solution for managing our rapidly growing hotel chain than Microsoft Dynamics, Best Software MAS 90 and Oracle.

Mitch Patel, CEO and President, Platinum Hospitality

THE RESULT:

 Moving to the Intacct cloud saves Platinum Hospitality about $400,000 a year in labor costs. The company can now easily handle complex inter-company transactions, as well as:

  • Manage finances for all hotels with only two full-time accounting staff members.
  • Scale with future growth.
  • Make it easy for staff to manage all hotel operations in one unified real-time view.

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