Hospitality
Setting up a top-notch finance department in the hospitality industry takes a lot of time, money, and effort. This can be tough for hotels and hospitality businesses that are growing quickly. That’s where QX comes in.
We help hospitality businesses set up dedicated offshore finance & accounting teams that not only help reduce the cost of operations by 50% but also optimize accounting operations and implement intelligent automation technology. With QX at your back, you will:
- Access a deep talent pool of qualified accountants – goodbye talent shortage
- Optimize F&A processes and implement hospitality accounting best practices
- Implement high-impact software or maximize the benefit of your existing technology
Our Services
PROCURE TO PAY
- Supplier Master Data Management
- Supplier Invoice Processing & 3 Way Matching
- Payment Run
- Commissions Processing & Accurals
- Travel & Expense Claim Processing
- Supplier Helpdesk
- AP Reporting
ORDER TO CASH
- Customer Master Data Management
- Credit Check & Control Review
- Debt Collection & Customer Helpdesk
- Maintenance of Guest, Deposit and City Ledger
- Corporate, Group & TA Ledger Maintenance
- 3 Way Matching of Credit Card receipts
- Revenue Recognition & AR Reporting
PAYROLL
- Processing Starter, Leavers & Change Request
- Monthly & Weekly Timsheet Processing
- Bonus, Gratuity and Expenses
- Payroll Run
- RTI & Other Submissions
- Payroll Reporting
RECORD TO REPORT
- Daily Reconciliation of Night Audit Reports
- F&B Closing Stock & Accurals
- Month-end Closing, Accruals & Prepayments
- Balance Sheet Reconciliations and Analysis
- Management Accounting
- Reporting & Consolidation
- VAT Submission
- Treasury Services
- Financial Planning & Analysis
- MIS Reporting
- Audit Support Services
- Property & Corporate Accounting
BI REPORTING
- Data Cleaning and Data Mining
- KPIs on Occupancy, RevPAR, RevPASH & more
- Data Visualisation
TECHNOLOGY & AUTOMATION
Additional Services
HUMAN RESOURCE OUTSOURCING
- Payroll
- Full Cycle Recruitment
- Talent Sourcing
- Regulatory Reporting & Compliance
- Manpower Planning
IT SUPPORT SERVICES
- Network Management
- Cloud Services
- Information Services
- Email Messaging Services
MARKETING SERVICES
- Content Development
- Digital Marketing
- Research & Insights
- Branding & Creatives
- Website & App Development
Benefits
Here’s how QX Global Group’s consulting, automation and Business Process Management (BPM) services benefit Hospitality companies:
Streamlined Operations
Ensure seamless coordination across departments, reducing bottlenecks and improving overall guest experience.
Enhanced Data Accessibility
Access real-time operational and financial data, allowing for timely and data-driven decisions in managing your hospitality business.
Tailored Staffing Solutions
Utilize specialised teams for specific functions, reducing the need for in-house staffing and ensuring tasks are handled by experts.
Increased Focus on Guest Services
Free up your internal teams to concentrate on delivering exceptional guest experiences by outsourcing routine back-office tasks.
Improved Financial Oversight
Maintain clear, strategic control over financial processes, ensuring transparency and accuracy in your hospitality operations.
Significant Cost Savings
Achieve up to 60% operational cost savings, allowing you to reinvest in enhancing guest services and staying competitive in a challenging market.
Automation-Driven Business Transformation
As a platform-agnostic provider, we work with a wide range of software platforms to enable & accelerate transformation for our clients, including:
Set up a consultation call with our experts to enable transformation for your Hospitality business
Book a consultation