Changing the face of back-office accounting for hoteliers and franchises.

pasCLOUD can Standardize and Streamline Your Accounting Processes

Posted by Katherine Silver on Jan 31, 2019 2:30:22 PM

pasCLOUD is an all-inclusive hospitality back office technology composed of interactive tools to provide you with new levels of functionality, usability, connectivity and insight.

pasCLOUD provides hospitality specific best practices in several critical areas such as:

 

  • Accounting & Reporting includes general ledger, accounts payable, project tracking, fixed assets, allocation tools, automated reconciliation, multi-currency, pre-built financial reports with drill-backs, unlimited ownership hierarchy options and simple report-writing tools. These tools have been adopted by hospitality organizations of every size around the world.
  • Budgeting & Forecasting brings ease and efficiency through the use of Excel or full functionality web-based tools; best practice drivers, factors and labor models; easy to use worksheet templates; interactive approval process; trackable versions and scenarios; and streamlined forecasting/re-casting
  • BI Dashboards provides USALI compliant and GAAP financials; operating , analysis and monthly/daily trending reports; budgeting and ad-hoc analysis tools; and KPIs of common analysis points
  • Daily processes (most commonly revenue, statistics and labor) are automated to allow hands free integration and provide reconciliation with audit trails as well as daily reporting, dashboards and KPI’s.
  • Compliance is met through multiple categorization of accounts which allows for ease of reporting in multiple formats to accommodate regulatory requirements while still providing operational analysis. GAAP, IFRS, USALI, local statutory, local tax and audit reporting is easy!
  • Task Management helps companies standardize operational processes across all business units, improving the accountability of all required tasks and reporting. Variable frequencies, up to three levels of approvals on tasks, dependencies, tracking visibility as well as written and attachment documentation are some of the main features.
  • Reconciliation uses configurable templates to help companies standardize the reconciliation process across all business units, improving the quality of reconciliations and easing both reviews and audits
  • Workflows & Approvals streamline accounts payable processing using paperless technology and electronic procedures which eliminate the printing, posting and manual filing of paper documents through use of scanning or attachment, OCR, grid entry, workflow routine and approval.

Always included with pasCLOUD installations are tools to support your organization through:

  • Secure web portal infrastructure
  • Web-based instructional and training aids
  • Desktop audit capabilities
  • Local, web and/or computer-based deliver models
  • Hotel personas
  • Centralized chart and vendor maintenance
  • Virtual FTP
  • Integrated support

Deployment smoothly moves through the stages of data gathering, configuration, testing, training, deployment and of course ongoing support from the PAS Support Team.

Gain unparalleled governance, compliance, and transparency with anytime, anywhere access to the information you need. Reach out today!

Topics: Task Management, Account Reconciliation, Reconciliation & Audit, Centralized Accounting, Standardization, pasCLOUD, Workflow