The Future of Accounting Platforms: Moving Beyond General Ledger (GL) Software with AI
For three decades, the general ledger (GL) served as the foundation of every accounting technology stack. Today, AI-powered automation and evolving client expectations are driving firms to seek solutions that go far beyond traditional bookkeeping software. Many forward-thinking vendors are already promising to automate “95% of the entire bookkeeping workflow” through AI agents built on […]
Why Every GM Should Track GOPPAR, Not Just RevPAR, in 2025’s Volatile Market
RevPAR is a fundamental and widely trusted metric in hotel performance. By combining occupancy and average daily rate, it provides a clear picture of how much revenue each room is generating. It’s straightforward to measure, simple to benchmark, and quickly reveals whether your top line is moving in the right direction. In regular market conditions, […]
Breaking Down RevPAR Index: How Hoteliers Leverage STR Reports to Win Market Share
RevPAR is often the first number that owners and operators look at – and for good reason. It is simple, direct and perfectly ties together both occupancy rate and daily rate into one easy-to-compare figure. As the most tracked metric in the hotel business, RevPAR gives you a solid sense of how much revenue you’re […]
Labor Shortage Solutions: How Docyt Improves Hotel Efficiency with Smarter Scheduling & Payroll Optimization
Labor shortages have shifted from being a challenge to becoming a constant in hotel operations. Roles that once took days to fill now remain open for weeks, staff availability fluctuates, turnover stays high, and for most general managers, managing the schedule feels like managing a crisis. Still, guests continue to arrive with the exact expectations. […]
Five Common Accounting Mistakes Hurting Your Franchise P&L (And How AI Automation Fixes Them)
In most franchise hotels, accounting doesn’t get the spotlight. It’s expected to run in the background while operators focus on guests, teams, and property upkeep. That’s fair. However, when the back office fails, the ripple effect impacts everything from cash planning and rate strategy to cost control. And one obviously can’t run a tight operation […]
The Ultimate Guide to Optimizing Occupancy and RevPAR in 2025: Data-Driven Tips for Franchise Hoteliers
Ask any seasoned franchise hotelier what still drives profitability in 2025, and the answer hasn’t changed: Occupancy and RevPAR. But knowing these metrics or tracking trends doesn’t guarantee results. But data is abundant now – isn’t it? Yes, today’s franchise hoteliers sit on a goldmine of information. From STR reports and OTA rate shops to […]
The Top 3 Accounting Metrics Every Hotel Owner Should Track
As a hotel owner, you’re no stranger to the usual revenue numbers and metrics (RevPAR, ADR, ROM, and Occupancy). They are the industry standard, the go-to metrics every property watches closely. But while these revenue metrics help you track performance, they’re just one part of the whole picture. Today, profitability is no longer driven solely […]
How Real-Time Financial Reporting Tools Enhance Decision-Making for Accounting Firms
With the rapid rise of cloud computing and AI, every business can now access and leverage real-time financial insights. Yet, most small and medium enterprises still rely on periodic reporting methods and miss out on the immense benefits of real-time financial reporting. This gap is a huge opportunity for accounting firms wishing to deliver actionable, […]
The Power of AI in Financial Consolidation and Reporting
Complex ownership structures, data from disparate sources across multiple entities, intercompany transactions, and currency translations—every step in a financial consolidation can be a hurdle that adds errors, burns time, and delays the transition to the next phase: financial reporting. Reporting, already burdened with data quality concerns, complex accounting standards, and tight deadlines, often falls short […]
Simplify the Important Mid-Year Financial Review with Docyt AI
With the year quickly approaching its halfway point, the time has come to conduct a mid-year financial review. This invaluable process helps business owners and finance managers know where they stand in the year thus far, identify solutions for problems, and consider options for shaping the year ahead. Read on to uncover the importance of […]
Why You Need to Know Your Real-Time Cash Flow at All Times
Cash flow is important, especially for small businesses. Not just any cash flow—we’re talking about knowing exactly what you have down to the penny and in real-time…live insights into where your money is coming from and going to. Why is cash flow important? This isn’t just about keeping your business alive; it’s about making it […]
How to Properly Analyze and Improve Unit Economics, Part 3
Accurately analyzing and enhancing unit economics is non-negotiable for businesses aiming to achieve long-term sustainable growth and success. This process entails taking a deep dive into calculated metrics for two main reasons: (1) to determine the efficiency and profitability of each unit sold by getting down to the root causes of any positive or negative […]
