The hospitality sector is in demand year-round, with its highest demand during peak holiday seasons. This demand places a heavy workload on employees across all operations, including reservations, housekeeping, food and beverage, finance and back-office, and employee management.
The setbacks faced by hotels, resorts, and staycations across the UK hospitality sector and around the world affect the positive experience guests have during their stay.
In this post, we will understand the impact of labour challenges, time management, economic setbacks and compliance on hospitality businesses across the UK.
We will also explore how opting for finance and accounting back-office services for the hospitality business can help achieve a quick turnaround, improve accuracy, enable proper financial management, and attain streamlined cash flow, which is a critical requirement during peak revenue season.
Sundaram Business Services has expertise in providing end-to-end back-office finance and accounting services for leading hotels, hotel management platforms, asset-light hospitality businesses, and hospitality businesses with unique operational intricacies worldwide.
At Sundaram, we
- Have well-strengthened AR processes
- Effectively manage domestic and international vendors
- Assist in timely payment processing, which helps clients earn goodwill from vendors.
- Ability to take over all documentations and a skilled team to prevent revenue leakage even during peak season
- Help you streamline your hospitality operations by processing the invoices in a language other than English, across geographies.
Sundaram Business Services is a business process outsourcing company with offices in Australia, India and the UK. With over 20 years of experience in the Australian market in providing outsourced teams to Australian businesses across Accountancy, Portfolio Management, Self-Managed Super Funds, and Mortgage Broker Support, our business becomes an extension of yours.
