Benchmarking studies performed by a third party indicated that the client’s F&A effectiveness and efficiency metrics were below industry standards. Moreover, regulatory initiatives exposed accounting compliance risks, and created financial pressure to standardize F&A policies and procedures in certain regions. Due to the financial and regulatory requirements, the client needed to transform its global F&A organization through system and process standardization. To assist in doing so, it implemented a standard ERP system in each geographic region, and outsourced the transaction-based activities of over 500 FTEs (full time equivalents) to a global business process outsourcing (BPO) provider. Read further..
Every day of every year, hundreds of hotels, from boutique operations to large resorts, rely on significant amounts of electricity and natural gas to service tens of thousands of customers across Australia.
A series of energy benchmarking case studies just released shows the hotel industry how to maximise profits, minimise energy costs and demonstrate leadership by reducing energy use and greenhouse gas emissions—without negatively impacting on the comfort or satisfaction of guests and customers.
Since energy is a significant component of any hotel’s property operating costs, these opportunities cannot be ignored—energy savings go straight to the bottom line and are often an easier route than through increased turnover. Electricity accounts for close to 70 per cent of hotel energy use and contributes more than 90 per cent of greenhouse gas emissions. Alternatively, natural gas typically represents up to 50 per cent of energy consumption. Click here to read more…