industry

Hospitality

Working in a finance team in a hospitality company such as a hotel or restaurant chain means that you play an integral role in strategic decision making, cost optimisation, and risk management of the company. Here are Arcanum’s intelligent finance solutions to enable you to get these important tasks done more efficiently, effectively and confidently.

Intelligent Financial Analysis. & Reporting

In the hospitality and food service industry, financial insights are critical for making informed business decisions. The Financial Analysis workflow help generate accurate, up-to-date financial reports from financial accounts data in seconds. 

Simply choose which area you want to focus on, and then generate a GPT powered report written for the easy understanding of non-financial stakeholders or investors. You can customise your output to focus insights on; Overall financial position, Risks and vulnerabilities, Opportunities and strengths, Cash flow management, Sales and income.

 

Intelligent end-to-end Automated Invoice Processing

The next generation of invoice processing utilises AI to do the work for you. Easily extract key information from a variety of invoice types - with no set-up or templating required. One of the biggest challenges for finance teams in the hospitality and food service industry is manual invoice processing. This can be a time-consuming and error-prone process, especially for companies that deal with a high volume of invoices. Arcanum can help automate this process end-to-end, reducing the amount of time and effort required to process invoices. You can connect to your accounting software directly within the platform to enable new invoices to be automatically processed (without needing to set up any templates), and then have the information sent directly to your desired location.

 

Automated AP Reconciliation & Email Generation

Arcanum automates the painful process of finding matching and mismatched invoices and produces a reconciliation status report. It also saves hours of time by generating custom draft emails to be sent out for reconciliation to vendors such as food and beverage suppliers and housekeeping suppliers. Simply upload your invoice and PO data, and then select the tone of voice the emails are written in to be able to copy, paste and send! The draft emails are personalised and include all details needed for payment approval.

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