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Craftable and Actabl: A Revolutionary Partnership for Hospitality

In a significant development for the hospitality industry, Craftable, known for its innovative procurement and operations management solutions, has partnered with Actabl, the parent company of ProfitSword. This partnership aims to bridge the gap between hotel operations and financial management by facilitating real-time integration.

Enhanced Financial Transparency

The newly launched integration offers a seamless connection between ProfitSword's advanced financial forecasting tools and Craftable's real-time operational data. This collaboration addresses a critical need in hotel management—the synchronization of financial and operational teams. With this two-way feed, hoteliers will experience improved transparency and alignment in budgeting and operations, leading to more informed decision-making.

Streamlined Budget Management

One of the standout features of this integration is the automation of budget updates. Operators can adjust budgets dynamically based on actual sales and procurement activity. This adaptability is crucial for hotels to respond proactively to changing market demands and seasonal fluctuations. As Sam Zats, CEO of Craftable, highlights, "By connecting your forecast with operations and procurement, we're empowering hotel properties to make data-driven decisions."

Key Benefits for Hoteliers

The partnership offers a multitude of benefits for hotel properties, including:

• - Financial Transparency and Team Alignment: By providing a comprehensive overview of budgets across departments and aligning procurement with labor and beverage costs, hoteliers gain clearer insights into their financial performance, enhancing accountability and compliance.

• - Dynamic Budget Adjustments: The integration feeds real-time operational data into ProfitSword's forecasting tools, allowing for real-time updates to financial allocations. This capability enables hotels to optimize their resources, ensuring efficient operations during both peak and off-peak seasons.

• - Streamlined Operations: By automating manual budget processes, the integration reduces the risk of errors and saves valuable time, allowing hotel staff to focus on delivering exceptional guest experiences rather than being bogged down by administrative tasks.

• - Cost Control Best Practices: Operators can set purchasing thresholds, track essential metrics, and implement cost-effective measures that directly enhance profitability.

Industry Reaction

The integration has garnered positive feedback from various industry leaders. Steven Moore, CEO of Actabl, stated, "This integration represents a significant advancement in hotel management tools, creating a seamless flow of data that empowers operators to align their teams and optimize their budgets."

Implementing Change and Driving Profitability

With global competition in the hospitality sector intensifying, the integration of Craftable and Actabl's solutions comes at a pivotal moment. As more hotels look to harness data-driven strategies for profitability, this partnership stands out as a beacon of innovation. Daniel del Olmo, President of Sage Hospitality, expressed the importance of this integration, noting the enhanced visibility it provides into both operations and financials.

For hoteliers, the alliance signifies a monumental shift towards data-centric management practices—transforming how hotels operate, budget, and meet the evolving needs of their guests. As Craftable and Actabl continue to refine their offerings, the hospitality industry eagerly watches the impact of this modern solution.

About Craftable

Founded in 2015 and based in Dallas, Craftable leads the charge in hospitality management solutions, connecting various operational facets to maximize profitability through real-time insights.

About Actabl

Actabl, a leader in hospitality software, empowers industry professionals with data-driven tools designed to optimize hotel operations, creating actionable insights that drive profitability and efficiency.

This partnership marks a new era of integrated solutions for hotel management, focusing on sustainable growth through innovative technology.