Village Hotels

About the company

Village Hotels is the owner and operator of an expanding portfolio of luxury leisure and activity hotels. Their hotels are mainly located on the outskirts of large towns and cities within England, Wales and Scotland. Hotels are mid-sized and operate at the luxury/lifestyle end of the market.

Challenges

Village had a rigid Excel spreadsheet based Reporting process, driven from multiple downloads of source data, resulting in arduous and error-prone monthly Management Reporting.

They were searching for a solution to deliver their Management Reporting that was:

– Flexible
– Easy to use
– Responsive
– Easy to maintain and change

The Discovery

Village Hotels decided to consult their network of contacts within the hotel industry during their due diligence solution discovery process. CFMS came highly recommended to Village for their pedigree of successfully helping hotel group customers build powerful Budgeting, Forecasting and Reporting solutions with Jedox software.

Jedox corporate performance management software streamlines budgeting, forecasting, and planning across finance, sales, human resources, procurement, and other departments. It allows its users to fully integrate financial planning and analysis with operational plans and reporting to optimise processes, boost data quality, and flash planning cycles throughout the organisation.

The Result

Village’s first application of Jedox was to streamline their financial reporting and management accounts. They created direct links to Coda Dream & Opera (Village’s Property Management Systems) within days, which can run on a scheduled basis or manually.

The Village model can swiftly upload and can process considerable data volumes, utilising the powerful Jedox ETL, delivering accurate information to the business resulting in a considerable reduction in processing time. “Now that we have the ability to slice & dice large volumes of data, Jedox allows us to quickly identify anomalies for investigation”

Village now hopes to use Jedox to create data visualisation in the form of a series of departmental dashboards. They also want to deliver all their budgets and forecasts in Jedox, including web enabled data entry templates – taking advantage of the latest integral Jedox workflow and controls. Furthermore, there are also plans to produce their cashflow forecasting using the Jedox workflow in the future.