PMI Profit & Loss – Make Your Goal, Meet Your Goal
Time-consuming, hard-to-read spreadsheets, outdated forecasts and end-of-year reporting panic are common grievances among hospitality executives. Our team of hospitality veterans here at d2o has experienced this first-hand and aims to free you from these issues.
How? With PMI (Productivity Management Intelligence) Profit & Loss, our powerful online planning, budgeting and forecasting solution. It delivers key decision-making data in real time and seamlessly links operational tactics with financial plans to provide reliable insights and more accurate forecasts based on data from existing source systems.
PMI’s Profit & Loss Module
Fine-tune your P&L reporting for optimized performance
PMI’s dedicated P&L module pulls live information from your property management systems and uses it to automate your forecasting and budgeting processes. This eliminates the need for time-consuming manual updates and collation of reports while keeping you in the know at all times. In today’s fast-paced world this is the key to winning: having access to accurate data and being able to quickly coordinate and align resources in order to take action.
Reduce cumbersome paperwork, multiple spreadsheet versions, and manual errors
Eliminate information silos
Increase forecast accuracy
Improve efficiency and productivity
Access each department’s current live forecast in real time
Establish enterprise-wide financial accountability
Optimize profitability at target service levels
Focus on revenue-building strategies, team building and proactive tactics for allocating resources
Goal-based budgeting by department
Complete forecasting across all revenue centers
Automatic department roll-up for enterprise reporting
Automatic version control with tracking
Process management with alerts, approvals, rejections etc.
Automated variable and semi-variable cost handling
Automatic revenue and costs correlated to occupancy and/or other indicators
Online profit & loss monitoring for departmental, property, regional and corporate level
Streamline Your Performance
This tool blends planning with predictive analytics for better foresight.
Using PMI’s P&L module streamlines your planning and reporting procedures and provides the insights needed to optimize your profitability in a single department, a property or across the whole group.
By addressing both financial and operational needs, PMI helps you coordinate and align your information to ensure you make informed, confident decisions. The tool synthesizes information, infers trends and thus empowers you to drive better results.
The access to live performance data offers hoteliers a unique chance to identify where to concentrate efforts of improvement so they can move their projects forward and enables them to share relevant details with everyone from department managers and head office to owners and shareholders.