CPMview realized in less than three months a CPM solution designed to generate management information at every level and to provide financial accountability reports to investors in individual hotel rooms. Benchmarking with other hotels in the region, also is one of the options.
The information required for management reporting is stored in different systems at Park Plaza. For example, data about room reservations, meals & beverages and personnel planning is stored in Opera, and the consolidated data is stored in SAP. Abraham Thomas, Vice President Finance & Control Park Plaza Hotels: “As a listed company, Park Plaza must provide transparent financial reporting to its shareholders. The challenge was to make this data available for management reporting at different levels on the basis of authorisations. Furthermore, two large Park Plaza hotels in London have been financed in accordance with a special formula: investors have purchased individual rooms in the new Park Plaza Westminster Bridge hotel and in the Park Plaza County Hall hotel.”
“Our hotel chain requires detailed management information at the international, regional and hotel level. CPMview has a comprehensive, user friendly solution for this, which is easy to manage.”
– Abraham Thomas, Vice President Finance & Control Park Plaza Hotels