:::Radiance Hospitality Group:::


Along with operational excellence and strong sales and marketing plans, financial management is essential to sustaining a healthy bottom line for our clients. We have developed a very tightly controlled financial management program for our properties. This program includes creating financial systems, processes, and reporting mechanisms. Our single-minded focus on the bottom-line is at the core of all our management services. Key elements of our financial management program include:
Develop accounting systems for financial management
Develop Annual Plan
Develop and monitor annual budgets
Forecasting of sales and occupancy
Management of cash flow, with strictly controlled reserves for operations and renovation
Control purchasing and inventory
Payroll services
Maintain property financial analysis documents for annual tax returns
Generate comprehensive daily, monthly and annual financial reports that are timely, with pertinent operations information and crucial financial data
Analyze financial results, including industry comparisons