Accenture and Oracle have developed a new cloud-based financial solution designed to help hospitality companies improve business management by giving them better access to real-time financial data. The Accenture Oracle business group’s new hospitality finance cloud solution enables companies to access financial data in real-time from multiple data sources, such as internal property management systems and external financial institutions, and connects to existing on-property systems to automate workflow approvals and establish standardized operations processes.
Designed to help hospitality businesses achieve cloud integration through digital transformation across property portfolios regardless of hotel brand, on-property system or infrastructure environment, the hospitality finance cloud solution can help clients make better-informed financial management decisions and potentially improve compliance capabilities.
The solution lets businesses capitalize on the key benefits of the cloud, which include gaining real-time access to information through mobile devices, tablets and computers; decreasing the effort and time needed to keep technology current; and reducing unnecessary risks and infrastructure costs. Offered on the Oracle Public Cloud, the solution can scale according to the requirements of the business to create potential monetary savings that both help simplify and streamline the finance and reporting process.
The hospitality finance cloud solution is the first industry-specific solution from the Accenture Oracle Business Group. The new solution reflects Accenture’s Cloud First agenda that is focused on helping clients move to the cloud to address their digital transformation goals.