An interesting article on Asset Management was recently published in the Summer 2014 edition of Hospitality Upgrade magazine. The article highlights the importance of asset management from both a financial and a maintenance perspective.
“Of specific note in the hospitality industry is managing maintenance of your assets including guest requests for service. A non-working asset can cost a night’s stay or worse, a loyal guest or a bad review. Computerized maintenance management software (CMMS) is used to manage assets, service orders (SO) and costs associated with each. With costs of service and depreciation, it is beneficial to have some link between the financial and SO sides. But overall financial management and the maintenance management are equally important.
From the accounting side Infor Enterprise Asset Management is a popular solution and fits within its accounting application framework. Asset management software and computerised maintenance management software (CMMS) requires an investment to implement and operate, but it’s ability to impact the bottom line is well worth implementing. HotSOS by Newmarket International could be considered one of the class defining hospitality service order systems. Interfacing to systems including the network infrastructure and minibar systems adds value.”
To discuss how we can help with your asset management email us at email@example.com or telephone +65-6222-4849 in Singapore or +612-9251-4477 in Sydney.