Streamlining Hospitality Finance: A New Approach to Month-end Reconciliation
Article - Streamlining Hospitality Finance: A New Approach to Month-end Reconciliation - The month-end reconciliation process serves as a crucial process globally in hospitality finance, where all financial data comes together to summarize financials and performance. A recent survey of HFTP members, taken ahead of the HFTP 2023 Annual Convention this past October, exposed a stark reality: less than 20 percent of respondents can finalize this process within five days, with a significant 12 percent taking over 11 days.
Source: hotelnewsresource.com