Dynamics 365 Business Central for Hotels

Microsoft Dynamics 365 Business Central is an ERP system that can help hotels connect their finance, operations, stock, sales, and service into one system. It can help hotels make informed decisions by providing access to accurate data about their business, employees, stock, and customers. 

The hotel and hospitality industry come with many challenges, and unfortunately back-office accounting and financials are placed at a lower priority than front-office PMS and EPOS teams. It is difficult to carry out complex processes, in-depth business analysis, and reporting without a system that lets you report revenue and KPI’s in real-time and accurately tracks costs. 

With Microsoft Dynamics 365 Business Central, you get a single point of financial truth in your operation that is integrated with your front-office, back-office, and infrastructure. It allows you to unify financials and operations across your portfolio of hotel and resort properties, and drive new operation efficiencies and support future innovations, predict growth, and assess investment opportunities. 

Here are some features of Dynamics 365 Business Central for hotels: 

1.) Cash flow forecasting: Provides real-time access to financial data, allowing hotels to create cash flow forecasts based on the latest transaction information. 

2.) Reporting: Offers powerful reporting and insights to help streamline business processes. 

3.) Real-time reporting: Allows hotels to report revenue and KPIs in real-time and accurately track costs. This is achieved by integrating the front-end PMS and hospitality POS solution with D365 Business Central. 

4.) Inventory management: Includes purchase order and inventory management. 

5.) Sales and general ledgers: Includes sales and general ledgers. 

6.) Integration: Integrates cash flow forecasting with other financial data, such as sales, expenses, and accounts receivable/payable. 

7.) Unification: Unifies financials and operations across a portfolio of hotel and resort properties. 

Financial Reporting made easy with Dynamics 365 Business Central: 

Using account schedule functionality of D365 Business Central, financial reports can be configured which are excepted globally and prescribed by the top financial audit companies. Some of MIS Reports snapshots are provided below: 

Contact us for more information on Dynamics 365 Business Central and LS Retail Hospitality suite.