Finance Audits.

Our Finance Audits are conducted by the best auditors in the hotel industry and are managed in a consultative manner by an exceptional experienced professional who spent 38 years with IHG properties as a Director of Finance. It includes on-job training specializing in the hospitality industry. We can work on behalf of the hotel or the owner of the property. We cover topics such as the following. This audit takes place over a five day period.

• Financial consultancy services to the hospitality sector.
• Prepare feasibility studies for new and existing hotels.
• Prepare business plans for new and existing hotels.
• Act as the owner’s representative and negotiate terms and conditions for HAM.
• Asset Management services, as the owner’s representative and meet the operators at least once a month.
• Review the month-end results versus budget and Last Year.
• A detailed review of the revenues, market segments, average room rate, Star Global report, F&B covers, outlet revenues and outlet profitability.
• Review expenses.
• Prepare profit assurance plans with the operator on behalf of the owners.
• Approve CAPEX and contracts before they are sent to the property owners for approval.
• Support the property owner in following up on the internal control matters and review the internal audit.
• Perform full CSA (Control self-assessment) Audits for new and existing customers and issue an internal control letter and recommendations.
• Train Finance staff in the finance-related matters ensuring compliance with the USALI 11th Edition.
• Conduct cash sales tests in all revenue generating departments to safeguard revenue losses.
• Profit maximization through by-product management.
• Guaranteed savings on food and beverage cost through a structured action plan