Time Point’s data analytics solutions for hospitality have the ability to further increase efficiencies across your business as well as empower the entire team with real-time information. In this blog post, we explain what our data analytics solutions are and what they can do for your business. 

What are Time Point’s data analytics solutions for hospitality?

Time Point Cloud’s data analytics solutions are comprised of one system that compares your budgeted sales and staff costs against your actual trading performances. It’s one platform that connects and updates your key managers and department heads on their sales and staff costs. With this system, you have the ability to view powerful, easy-to-read dashboards from anywhere at any time on any tablet or desktop. This highly beneficial solution allows you to share important information that can result in additional increases in workforce efficiency with the entire team.

What are the key features of Time Point’s data analytics solutions for hospitality?

There are a number of key features within this system that will be of utmost benefit to your business. These key features include: 

  • A cost per restaurant cover
  • A full view of your staff costs as a percentage of sales
  • The ability to create department budgets easily and efficiently
  • One view through powerful dashboards for optimum ability and efficiency
  • Daily week-to-date or year-to-date views so you can precisely see the figures at hand
  • The ability to analyse staff costs and sales revenues 
  • A full view of your actual versus rostered staff costs to help you stay on top of expenditure 
  • An in-depth budgeting and forecasting cost analysis tool

What are the benefits of using Time Point’s analytics solutions for hospitality?

Staff Costs To Sales
You can view the entire business’ actual staff costs percentage against total sales revenues. This feature allows you to plan business operations and expenditures effectively.

One Complete View
With our easy-to-read dashboards, you have one complete view of all business analytics with a display of in-depth analysis and drill-down options.

Auto Alerts
With our data analytics solutions, you have the ability to send managers notifications on pending budget deviations before they happen. This ensures that all forecasts for the year remain accurate and all members of staff are kept informed. 

Empower The Team
With accurate real-time information, you can generate a further increase in efficiencies across the hotel which in turn empowers the team and improves overall business performance.

Food Covers
You can analyse all food covers including the number of covers that were completed, the revenue generated, as well as any associated costs.

Budgeting & Forecasting
With our data analytics solutions, you can easily plan and analyse staff costs, rooms and revenue by department, location, or group-wide. This significantly decreases the amount of time spent on budgeting and forecasting allowing you to focus on other tasks at hand. 

Real-Time Data
With real-time data that generates all your key information, you can view powerful, easy-to-read dashboards from anywhere at any time on any tablet or desktop. You can view on a daily, week-to-date, or year-to-date basis. 

Workforce Management & HR
With one system for the entire business, everything is in one place making workforce management and HR simple. Constant in-depth analysis of sales revenue, accommodation, and food covers improves the overall functionality of business operations and ensures optimum efficiency and effectiveness.

Time Point Cloud offers one system that continuously analyses and displays a hotel’s key performance indicators in real-time. It connects and updates key managers and HODs on sales, staff costs, table covers, and room occupancy ratios. View alerts and key data in the powerful, easy-to-read hotel cost analysis dashboards from anywhere at any time on any tablet or desktop. 

With Time Point Cloud Reporting, you can focus all your company efforts on running your business and let us do the rest. Request a demo today to find out what Time Point can do for you!