Intelligence and data integration software ProfitSword has implemented its business intelligence platform for Sightline Hospitality.
Taking advantage of the current industry downturn to enhance operational systems across its hotel portfolio, Sightline Hospitality prioritized the need to develop a customized solution that could meet the unique business intelligence needs of individual properties, according to the company. The company worked with ProfitSword to develop a platform offering granular-level detail on the real-time performance of each hotel location and their various departments.
This was achieved through the implementation of a database that can integrate with multiple performance data-generating systems to instantly present analytics via a single user-friendly dashboard. Access to the dashboard can be tailored to meet specific user needs, letting hotel employees and company leadership locate and analyze performance metrics relevant to their responsibilities while providing property owners with complete transparency over business health and growth.
“Each hotel location has its own performance needs and each owner has specific growth goals, so we are extremely pleased to now have a BI system that is completely flexible and that is easy to understand and use for each of our various stakeholders,” said Warren Cruz, CFO at Sightline Hospitality. “ProfitSword’s industry-leading expertise in developing custom-tailored business intelligence platforms ensures that our hotel owners always know exactly how their businesses are performing while drastically reducing the time employees spend identifying revenue growth opportunities.”
ProfitSword’s technology also plays a central role in Sightline Hospitality’s company expansion efforts, according to the company. When evaluating a potential new hotel partnership, the company is able to leverage the ProfitSword database to instantly retrieve analytics for similarly-situated properties that are already a part of the Sightline portfolio. Using such data, Sightline Hospitality can create detailed, five-year line-by-line proformas demonstrating projected performance once a property officially becomes a part of its portfolio.
“Hotel business success hinges on the ability to ensure the seamless and timely communication of actionable data and with its customized business intelligence platform, Sightline Hospitality now has the tools needed to achieve total performance transparency and accountability,” said Paul Bennie, director of business development at ProfitSword. “Now able to sidestep time-consuming data gathering and verifying processes, the company can always ensure that they are acting in the best interests of their hotel owners using business plans that take any upcoming opportunities or risks into full account and that can be swiftly deployed before the time to respond is missed.”