Hospitality
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Headquarters: Park City, UT
Gemstone, a company that specializes in managing upscale boutique hotels and unique resorts across the U.S., is growing fast and expects to double its number of properties within the next two years. This growth and the added complexity these new properties will bring to Gemstone’s financial management and accounting processes and IT infrastructure led the company to reevaluate its previous Microsoft Dynamics AX ERP system. Gemstone chose Intacct to improve financial visibility, decrease IT costs and streamline accounting management of its multiple properties.
"We were very impressed with the deep functionality provided by the Intacct financial management system. The increased financial visibility from Intacct's reporting and dashboard capabilities will enable us to better manage our business as we grow. We wanted a stable solution that was independent of our corporate computer infrastructure, with its related support requirements and periodic downtime."
Greg Hooper, Director of Property Accounting, Gemstone
Headquarters: Houston, TX
Popeye Chicken and Biscuits franchise owner uses Intacct's real time financial management and accounting system to set up each restaurant as a completely separate unit, with its own accounting structure, tax filings and POS system. All data is consolidated in a single general ledger to better evaluate the performance of each restaurant as well as the entire franchise.
"When we acquired a chain of Popeye restaurants, we decided to replace the existing financial system with Intacct's Web-based applications to manage our rapidly growing franchise chain more effectively."
Charles Boyd, CFO, Cardinal SW Houston
Headquarters: Houston, TX
Fast Eddie's Billiards & Sports Grill franchise owner can make critical business decisions with Intacct's real time accounting system based on real-time store-by-store comparisons and multi-location consolidation. Redundant data entry is eliminated and corporate governance ensured, freeing the small hospitality business to focus its limited resources on operating successful pool halls and restaurants.
"We'd tried NetSuite, but the platform was not geared to effectively support a multi-unit franchise. We were stuck behind the eight ball until Intacct gave us real-time visibility into our growing chain of billiard halls."
Robert Wilson, President, Fast Eddie's
Headquarters: Nashville, TN
Hotel operator saves $150,000-a-year with Intacct's real time accounting system versus buying a client/server system to run its hospitality network of Marriott, Hilton and Intercontinental. Instead of hiring at least 10 full-time accountants to staff each hotel, the hospitality company realized annual savings of about $400,000 by managing financials from the company's headquarters with only two employees.
"Intacct's Web-based suite of 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
