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Submitted by deepash88 on July 29, 2007
Category: Business
Words: 635 | Pages: 3
Views: 236
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Hilton Group "books"¯ in business performance management solution from Cartesis
FTSE 100 leader centralises global reporting for greater efficiency and visibility
December 9th, 2004 -- Hilton Group plc has selected the Cartesis® Suite to improve the quality of information available to its decision makers. Hilton will be implementing Cartesis Magnitude™, which encompasses key financial management activities – specifically budgeting, planning, forecasting, statutory consolidation, management reporting and performance management - in one single database. This will be combined with Cartesis Intercompany Server™, enabling the business units to reconcile intercompany balances directly with one another via the web in real-time.
The result for Hilton Group is a more efficient, insightful analysis of all its financials, which includes quantitative and qualitative data for its 390 hotels worldwide, LivingWell Premier Clubs and the Ladbrokes betting and gaming division. The one central source will enable the Hilton Group to dramatically improve the efficiency of collection and analysis of financial information. Moreover, this ‘one version of the truth’, will also give greater visibility of processes for informed decision making.
In addition to financial reporting, Cartesis Magnitude ensures an integrated BPM solution by providing access to a range of Hilton’s key performance indicators. This includes information such as hotel rates and occupancy, betting gross win margins and active customer numbers, LivingWell membership numbers, employee numbers and more qualitative details on guest satisfaction. The suite will also support Hilton Group’s move to IFRS, as the solution provides guidance and controls for global accounting and compliance standards.
“Our move to Cartesis Suite was driven by four key requirements: a need for a single view of the numbers; to increase reporting efficiency; to ease the burden of our move...
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