The Al J. Schneider Company, owner and operator of the 1,290 room Galt House Hotel in Louisville, Ky, has selected Infor PM for performance management. Infor PM will enable the company to improve its processes for planning and budgeting, forecasting, financial consolidation, and reporting and analysis.
Al J. Schneider expects to implement Infor PM to consolidate reporting into a single financial report with drill down capabilities, get all its hotels USALI compliant in management reporting, get commercial real estate BOMA compliant in management reporting, and use the logic within Infor PM to drive a business shift in the budgeting and planning process.
The selection of Infor PM expands the company’s relationship with Infor and its affiliate, SoftBrands, provider of its property management system (PMS). ”We needed to find a financial performance management solution that could meet our requirement for more sophisticated reporting based on our growth as an organization,” said Ron Strecker, CFO of The Al J. Schneider Co., parent company of the Galt House Hotel. “With Infor PM, we are able to manage and streamline the budgeting and forecasting process and drill down into pertinent information and decisions that impact our growth as part of a consolidated financial review in our monthly and quarterly board meetings. Infor PM will also greatly enhance our ability to provide management with timely, accurate and actionable information.”
“Delivering financial results with confidence to all financial stakeholders is critical in today’s business environment,” said Scott Lindsay, director, Product Management, Infor. “Infor PM provides a single source for financial performance management that enables companies to see critical information clearly, manage and control key business processes, and quickly close and consolidate the books to publish their financial results.”
