Performance Navigation: Explore Performance Management Intelligence (PMI) Planning
A Dynamic Profit and Loss Budgeting and Forecasting Solution
Part of d2o’s Performance Navigation platform, PMI Planning is a budgeting and forecasting tool for the hotel and catering industries.
Is your company still spending endless days per year on budgeting and monthly forecasting? Is the cost of budgeting and forecasting greater than the outcome? Are you still using spreadsheets for budgeting, forecasting and reporting?
PMI Planning can be delivered:
- For budgeting only, cheapest version;
- For budgeting and forecasting;
- For Profit and Loss complete planning, includes budgeting, forecasting and actual Profit and Loss reporting.
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Innovative & Efficient Approach
PMI Planning makes it easy for hotels and restaurants to budget and forecast. Actually you don’t budget/forecast anymore – the budget/forecast is just a “frozen rolling forecast” at the time of submission.
With PMI Planning’s centralized, web-based solution, you no longer need to send out multiple versions of spreadsheets, manage complex consolidations of data, or worry about departments using the most current version of the plan. All unnecessary manual tasks are eliminated when using PMI Planning. What can be automated is automated by using different revenue and cost-drivers. So you don’t have to worry anymore about amending variables when changing drivers.
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Features and Benefits
- Intuitive and user-friendly.
- Easy to implement and very customizable.
- No need to install software locally and no additional hardware or software is required; the only requirement is Internet access. The information can be accessed at your desktop or via your mobile devices.
- Online submission and consolidation.
- Streamlined workflow with version handling, alerts, approvals, rejections, attachments, comments and other practical functionalities.
- Labor cost module can be linked to PMI Revenue & Productivity departmental scheduling module.
- Automated handling for variable and semi variable costs as well as for revenues that are correlated to occupancy and/or other revenues.
- Makes the cumbersome budgeting/forecasting process fun, and increases accountability at departmental and property level.
- Eliminates today’s time consuming and labor intensive processes.
- Online monitoring of workflow and Pofit and Loss on departmental, property, regional and headquarter level.
- PMI Planning integrates with your existing accounting system.
- Exports to Excel and PDF.
- RoT-QaP – Reporting on Time and Quality as Promised, no need to say more.
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Implementation Process
The process depends on whether or not it is a part of PMI Revenue & Productivity implementation. The process below illustrates a stand-alone implementation.
Customers who implement PMI Planning also implement PMI Revenue & Productivity. PMI Revenue & Productivity enables all department heads to forecast and manage the revenue and labor productivity on daily basis.
