| The financial controller of each Partner hotel is led by both the DMS chief Financial Officer and Group Financial Controller.
Detailed planning, control and reporting processes are implemented:
· Robust internal property control
o Strong purchasing control disciplines
o Detailed weekly forecasting of revenues and planning payroll costs
· Accurate, detailed and timely monthly profit and loss, balance sheet and cash flow reports
o Rolling three-month profit and loss forecasts, updated weekly
· Close monitoring and forecasting of cash flows
o Benchmarking of key performance indicators against other Group properties
In addition, Partner Hotels benefit from:
· The implementation of a thorough annual budgetary process, involving key hotel management
o Support from our experienced central finance team with extensive business support, analytical and negotiating skills
o Support from our experienced team of finance professional bases across the property Group network.
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