…
d2o consulting, a leader in Daily Revenue and Labor Productivity Management solutions to the hotel and restaurant industries, announces that Benchmark Hospitality International and Personal Luxury Hotels, has selected the unique solution, Performance Management Intelligence (PMI), for daily labor, cost management and profit/loss planning.
Entrepreneur and owner of d2o, Young N. Nguyen, created a simple yet extremely effective software system called Performance Management Intelligence (PMI), which offers a revolutionary cost management system with highly detailed departmental forecasts in all areas of revenue, including Rooms, F&B and all other departments with income. Also included with PMI is radical daily cost control.
The PMI process starts from a daily forecast based on history with algorithms and can integrate with PMS, POS and time keeping systems. PMI offers a unique, time saving, and extremely effective approach for each department head to briefly enter data each day to forecast labor and food expenses, helping drive costs lower, and enhancing department heads’ awareness and control of cost management like never before.
Dennis Blyshak, chief financial officer for Benchmark Hospitality International, said, “PMI was the perfect complement to our Business Intelligence strategy at Benchmark Hospitality. We are not aware of any other system that offers such a complete package in the areas of labor management, food cost control, revenue reporting, forecasting and budgeting.” Mr. Blyshak continued on to say, “The PMI Planning Module provides immediate updates of forecasts and rolling budgets. Another advantage of PMI is its flexible architecture, which allows us to move data to and from our own data warehouse. PMI is a great fit for Benchmark Hospitality International because our portfolio is so diverse and the software is able to meet the unique needs of each property type.”
Scott Bunce, managing director of d2o consulting North America said, “With the rollout of Benchmark Hospitality’s portfolio, it is the perfect addition to the PMI collection, which includes over 300 hotels, resorts and restaurants, such as Hyatt, Radisson, Choice Hotels, WorldHotels and multiple European brands.”
To dramatically back up the system, PMI offers a 500% ROI Guarantee on cost savings results, based on achievement of improved labor and food expense savings compared to alternative system performance.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
