Turbo Budgeting solution implemented in Metropol Hotel

2023: Implementation of "Turbo Budgeting"

Consist Business Group (part of the LANIT group) has implemented the TURBO Budgeting solution in a special edition of Hotel Edition to predict and control income and expenses in Metropolis. The hotel received a single interconnected information and analytical system. LANIT announced this on May 15, 2023.

TURBO Solution Hotel Edition budgeting is designed and configured specifically for hotels, includes standardized USALI reporting and forecasting models in accordance with the requirements of operators of international hotel chains and is included in the register of Russian software.

For the management of Metropol, the desire to implement the project on the TURBO platform was due to the need to obtain prompt information on all the actual results of the hotel and to build forecasts and budgets for the future. A significant factor in choosing a TURBO solution was the variability of scenario analysis and modeling of the business situation based on statistical data.

It was important for us to get a single information and analytical system on the platform, with automatic rules for information exchange, one-time entry, data the ability to control information at each stage of data transformation: from analysis and modeling to building a balanced budget, control and subsequent reporting. As a result of the project, the methodology for analyzing data and predicting the performance of the hotel and individual business areas was fully automated. The timing of budgets and reports has been optimized, the efficiency and accuracy of collecting actual information from the accounting systems hotel has increased, on the basis of which corporate reporting is formed to make management decisions about possible options for business development. " said Andrey Smolyaninov, financial director of the Metropol Hotel.

On May 15, 2023, the implementation team created and configured financial the reporting forms necessary for the hotel department - Room, FB, Payroll, Sales, administrative, utility costs, engineering costs, etc. (in the context of various financial responsibility centers). Within such forms, revenue planning is configured depending on different drivers - for example, the number of numbers sold or the number of visitors. Planning of expenses for wages various rates (hourly, fixed, piecework) and budgeting of other expenses taking into account fixed and dependent expenses were also implemented. The project also modernized the methodology of the hotel budgeting system.