SOLUTIONS
Forecasting
Datavision’s Forecasting solution will streamline your hotel’s entire budgeting and forecasting process. Department heads can budget and forecast their own department with the data automatically coming from and flowing back to Datavision’s database. Datavision combines the raw data, models and forecast/budget data to deliver reports that are all aligned around a single source of data.
With Datavision’s Forecasting solution, you can continue using Microsoft Excel as your forecasting engine, but no longer have to maintain linked sheets. Datavision connects each model to a central data warehouse to send and receive data, which will allow each model to be used independently. Data written into one model will automatically flow into any other models.
Datavision has also developed a set of utilities that will make copies of your forecast – every day, if necessary. This will allow you to compare various sets of forecasts and to do backcasting (comparing what you forecasted for a certain month and what your actuals were for that month). In addition, Datavision has also built an AutoForecaster utility that will calculate and upload selected sheets, allowing you to automatically propagate changes from one sheet to all dependent sheets in batch mode without user intervention.
With Datavision’s Forecasting solution, you can continue using Microsoft Excel as your forecasting engine, but no longer have to maintain linked sheets. Datavision connects each model to a central data warehouse to send and receive data, which will allow each model to be used independently. Data written into one model will automatically flow into any other models.
Datavision has also developed a set of utilities that will make copies of your forecast – every day, if necessary. This will allow you to compare various sets of forecasts and to do backcasting (comparing what you forecasted for a certain month and what your actuals were for that month). In addition, Datavision has also built an AutoForecaster utility that will calculate and upload selected sheets, allowing you to automatically propagate changes from one sheet to all dependent sheets in batch mode without user intervention.
Forecasting Modules
Rooms and Revenues Forecast Model
Examine detailed forecast reports to compare actual data to forecasted data, enabling rich insights that can drive real-time corrective actions.
Restaurant Forecast Model
Compared projected stats like covers across all dining areas within a property to spot trends in guest behavior and make adjustments to maximize performance.
Client Testimonial
Datavision allows you to EASILY budget, forecast, and track actual ‘day by day’ revenues AND related payroll costs, when you never thought you’d be able to. This allows managers of areas that have staffing with swings in extreme lows and highs to better schedule and monitor staffing in all areas of hospitality. With a little effort, your payroll budgets can handle both fixed and variable staffing in the same positions, so ‘minimal’ staffing can be augmented and budgeted as needed.
I have not found any other system that can allow you to budget both ‘fixed’ and ‘variable’ staffing schedules for the same hourly position, or create formulas to budget staff based of any variety of potential input drivers.
The interfaces to input sources (POS, PMS, timeclocks, etc.) and to G/L reports enable a variety of reporting, tracking, and forecasting options virtually no other system does as thoroughly. The ability to upload and export data as needed, or browse or get scheduled reports – or based on flexible date ranges or other criteria – is second to none.
Dan Ditmars | Controller
Pinehurst Resort & Country Club
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