Management Information and Budgeting are key focal points for any property that is interested in tightly managing its operations. The WINHMS MIS and Budget module provides the ability to generate department-wise profitability with budgets vs actuals variance analysis within a single accounts book. Departmental profitability is provided monthly and cumulatively.
Support is provided for user definable templates for creation of any number of analyses and hence templates can be changed and added based on the properties current and future needs. Consolidated profitability is provided for groups of departments or for all departments to present company-wise profitability. Budgets can be created based on MIS grouping and not on account ledger providing added flexibility. MIS grouping can be created that refers the specific ledger account on one to one relation and one to many relation, both methods are supported.
The system provides the ability for budgets to be allocated on a monthly basis for each MIS group. The division profitability feature provides division-wise (rooms, food & beverage etc.) profitability for a specific month with previous year comparison. Comparative data is available for actuals vs. budgets with minimal effort providing critical data for effective management of the property. Actual expense data is posted from the accounts / general ledger module while front office sales is automatically posted on a daily basis or at a specific date of choice. This provides the ability to view departmental profitability in real time.