Casino, Hospitality & Leisure
Serving the Americas, Native American & Caribbean
CFO Business Growth Solutions specializes in enhancing the performance of your accounting, internal audit, and compliance departments. We streamline workflows, deliver actionable managerial reporting, and empower operational managers, executive committees, and stakeholders to make informed decisions and focus on strategic priorities.
We actively support your Office of the CFO or Director of Finance. Our interim staffing solutions alleviate overburdened teams, while our expertise in project management and systems implementation coordination ensures the timely completion of key initiatives. Additionally, we identify potential cost recovery opportunities, such as duplicate vendor payments and receivable recoveries, to fund and sustain these efforts.
By streamlining processes and delivering actionable findings, we position your organization to achieve its financial objectives efficiently and effectively.
Revolutionize Your Business with Data Analytics
Quickly analyze vast amounts of data (thousands of transactions in minutes!) to gain actionable insights that fuel smarter decisions and drive organizational success.
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Boost Managerial Performance with Streamlined Budgeting
Preparing company budgets is a challenging task. Teams often spend significant time and effort updating manual spreadsheets, which can be prone to errors and limited in their usefulness throughout the year.
Modern budgeting tools can simplify this process by providing real-time observations. These tools can help your organization make better decisions, identify opportunities, and develop stronger management skills.
System Integration
Our recommended web application centralizes your financial and operational data, automatically generating system-wide reports and alerts. It integrates with:
Boost Team Performance with Operational Dashboards and Visual Reporting
- Profitability Analysis: Identify inefficiencies and areas for improvement.
- Overhead and Payroll Review: Evaluate allocations of overhead costs and payroll to optimize resource utilization and ensure equitable distribution across departments.
- Contribution Margin Reporting: Generate contribution margin financial statements to better understand the profitability of each operating department.
- Industry-Standard Financial Reporting: Monthly financial statements prepared according to the Uniform System of Accounts for the Lodging Industry (USALI) for compliance and benchmarking.
Strengthen Audit and Compliance Departments
By integrating data analytics into audit and compliance workflows, organizations can replace traditional, time-consuming methods with proactive, data-driven strategies. This approach enhances integrity, ensures compliance, and achieves operational excellence more efficiently and accurately.
- Fraud Prevention and Detection: Utilize advanced analytics to swiftly identify unusual activities, detect fraud, and investigate misconduct.
- Enhancing Internal Controls & Compliance Building Trust: Strengthen internal controls using data-driven insights to increase stakeholder confidence.
- Managing Risks: Employ analytics to identify and manage risks and compliance issues, safeguarding the organization’s long-term success.
Monitor Individual Employee and Department Performance
This data-driven approach analyzes hand pays by slot attendant and department effectiveness. Other examples such as:
- Slot Attendants: Machine maintenance logs, jackpot payoffs, system overrides. login on days off
- Cashiers: Overages, shortages, and cash handling procedures.
- F&B Servers: POS Credit card vs cash sales ratios compared to peers. Possible misuse of F&B unused package certificates applied
- Loyalty and Free Play Attendants: System overrides and loyalty program usage and player frequency.
- Accounting & IT Staff: Control overrides, duplicate payments, unauthorized vendor additions, receivables write offs.
- Others: As you define
Visualize Your Data with User Defined Sorting Capabilities
- Top & Bottom Performers
- Rising/Declining
- Over/Under Averages
- Owned & Non-owned
- Slot Location Comments
- Denomination, Mfg, Game Type
- Others: As you define
Maximize Marketing ROI with Real-Time Guest & Player Demographics & Preferences
Access detailed guest and player data to optimize your marketing strategies. This empowers you to:
- Send personalized, targeted offers for higher sales conversions.
- Monitor customer loyalty program effectiveness and identify potential abuse.
- Track the ROI of your marketing spend with greater accuracy.
- Gain deeper insights into customer value and reasons why they return.
Accounting Department Staff Augmentation Services
Getting started with our back-office accounting solutions is easier than you might think, even in today’s remote work environment. We offer short-term engagements to support your operations as needed.
Inquire about our recommended applications for automating bank and credit card reconciliations, streamlining the monthly close and fully automated turnkey accounting solution for limited-service hotels.