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Lodging
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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 processes and IT infrastructure led the company to reevaluate its previous Microsoft Dynamics AX ERP system. Gemstone chose Intacct's financial management and accounting applications to improve financial visibility, decrease IT costs and streamline financial 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
Intacct provides PHM Services with a complete on-demand financial management system. PHM Services is able to operate its multiple properties, each with its own discrete chart of accounts and business processes, and can also consolidate those finances at the corporate level. Since the company started using Intacct's financial management and accounting system, PHM Services has enjoyed the benefits of improved financial controls and better access to information. The fully web-based, on-demand financial applications ensure that PHM Services' finance staff has accurate and complete data at their fingertips, whether they're at the company headquarters or at a remote hotel site, which has greatly increased productivity.
"Intacct provides us with rich functionality and the ability to more effectively manage all of our financial, general ledger, balance sheet, accounts payable and accounts receivable needs across our multiple properties."
Dipti Lala, Director of Accounting, PHM Services
Headquarters: Nashville, TN
Solution: Enterprise
Hotel operator saves $150,000-a-year with Intacct's financial management and accounting applications versus buying a client/server accounting system to run its network of Marriott, Hilton and Intercontinental hotels. Instead of hiring at least 10 full-time accountants to staff each hotel, the company realized annual savings of about $400,000 by managing accounting 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
