In the news

Revolutionizing Invoice-to-Pay Automation via Power of Seamless end-to-end Integrations

June 19, 2024

Massachusetts, June 19, 2024 – Data Plus proudly introduces DP Pay, a revolutionary next gen web-based payment system now available to all customers. This innovative platform sets a new benchmark in invoice-to-pay automation, offering a sleek user interface and comprehensive virtual card supplier payment system. DP Pay stands out as the only fully integrated payment solution within a Financial Management System (FMS) in the current market. It enables businesses to automate, optimize, and monetize B2B payments, offering various payment methods through a single platform that seamlessly integrates with Data Plus accounting software and banking systems.

Platform Highlights:

• Virtual Cards: Secure, single-use virtual cards enhance payment security and streamline the approval process.

• Integrated Pay Network: Consolidates multiple payment methods into one system, providing a seamless payment experience.

• ACH Payments: Efficiently processes Automated Clearing House (ACH) payments, reducing the reliance on paper checks.

• Check Processing: Maintains traditional check processing capabilities for vendors preferring this method.

• User-Friendly Interface: The modern web technology offers a more attractive and faster user experience accessible from any device with a web browser.

• Dynamic Payment Determination: Users can dynamically determine the payment method—Check, ACH, or Credit Card—at the time of payment authorization.

• Real-Time Cash Flow Insights: Provides insights at the business unit and executive level for better cash flow control and decision-making.

Key Benefits:

• Efficiency: Streamline vendor payments to free up valuable employee time.

• Security & Control: Enhance visibility and control over payments with advanced security measures and fraud prevention.

• Reconciliation: Automate reconciliation and reporting processes for accuracy and efficiency.

• Cost and Time Savings: Identify invoice discrepancies and reduce costs by eliminating vendor errors.

• Automated Payments: Transition from checks to virtual, one-time use credit cards with robust approval processes.

• Fraud Mitigation: Utilize advanced risk management tools and secure payment options to reduce fraud losses.

• Supplier Adoption: Drive supplier GL adoption with industry-leading enrollment services and automated vendor matching.

Bruce Bensetler, CEO of Data Plus, remarked,

"We are thrilled to unveil DP Pay, a significant enhancement to our Financial Management System. This fully web-based solution with its intuitive user interface places us at the forefront of the industry, offering a seamless, integrated FMS solution. Our customers have been requesting a robust solution to address check fraud, and DP Pay is our response to these demands. This innovation not only automates payments but also significantly cuts costs and saves time compared to traditional manual processes. We are proud to offer a system that meets the evolving needs of our clients and helps protect them from fraud."

About Data Plus With over 20 years in the hospitality industry, Data Plus offers a scalable accounting platform unmatched in the marketplace. Our suite of products aids businesses in understanding operations, improving efficiency, and supporting growth strategies. With connectivity to over 200 systems, Data Plus ensures comprehensive data integration and reporting.

Data Plus

55 Middlesex St. Suite 219
N. Chelmsford, MA 01863
https://hotelfms.com
Send all press inquiries to Brian Dass: briand@dphs.com

Maestro All-In-One PMS and Data Plus Collaborate to Provide Seamless End-To-End Integrations for the Famed Francisco Grande Hotel & Golf Resort

September 09, 2024

Maestro PMS, one of the hotel industry’s leading Web Browser-based cloud and on-premises all-in-one property-management systems, has teamed with industry-leading financial management platform Data Plus to elevate the technology offerings at the famed Francisco Grande Hotel & Golf Resort. The seamless end-to-end integration is giving the property valuable insights into their financial performance, including occupancy rates, revenue streams, and more, and management is making better informed and more timely decisions to optimize operations and maximize profitability.

Prior to working with Maestro PMS and Data Plus, the hotel and golf resort relied on off-the-shelf accounting software to manage its financial processes. Lacking was a way to streamline its procurement and accounts payables processes, as well as connect its on-site accounting and operations teams with relevant, real-time information that was vital to stakeholders. That deficiency made investing in new technologies and facilitating peripheral system integrations non-viable.

“After partnering with Maestro PMS and Data Plus, our hotel’s operations and financial scalability have never been stronger,” said Rhiannon Hicks, Director of Accounting at the Francisco Grande Hotel & Golf Resort. “Thanks to these and other integrations, our operations team has become nimbler, our projections are more accurate, and our hotel is more prepared. We look forward to continuing our relationships with both companies going forward.”

Accessing Essential Data

At present, the Francisco Grand Hotel & Golf Resort is leveraging Maestro PMS’s Front Desk, Gift Card, Mobile Check in/Checkout, Mobile Housekeeping, ResWave Booking Engine, Sales and Catering, SMS Messaging, Work Order, and Yield Management modules, along with the Accounts Payable, General Ledger, and Bank Reconciliation modules from Data Plus. As a result, relevant associates have the immediate access they need to essential data. For instance, daily revenue is automated directly from Maestro PMS and automatically transmitted to the Data Plus General Ledger, creating further unity between departments.

“Our partnership with the Francisco Grande Golf Resort has been nothing but exemplary, and we are confident that our integration with Maestro PMS will help position the property for continued success throughout 2024 and beyond,” said Bruce Bensetler, CEO of Data Plus. “When hoteliers have access to today’s cutting-edge financial reporting and management tools, they can better prepare for the future, generate more accurate forecasts and reduce errors across the board. We value our partnership with Maestro and are excited to contribute to the Francisco Grande’s financial and operational success.”

Centralized Data & Open APIs

Maestro PMS connects hotel outlets and their digital solutions through open APIs, and it shares data with other systems (point of sale, reputation management and revenue management systems, golf, spa, activities, condo and vacation rental etc.) on a single centralized database. This centralized data storage is a game changer for independent hotels as it improves operations by making additional capabilities more readily accessible. With Maestro, hotels embrace partnerships through third-party integrations to understand and predict guest needs, track their preferences over time, and be proactive with relevant offerings and services. Maestro’s data storage command center speeds operations by building connections between departments. The result is heightened efficiency and revenue potential.

“We are thrilled to partner with the Francisco Grande Golf Resort and work alongside Data Plus to improve the resort’s access to today’s most essential operations technology,” said Warren Dehan, president of Maestro. “Maestro is dedicated to helping hoteliers improve their daily operations by leveraging best-in-class integrations, mobile operations tools, and more. Our goal is to ensure hotels have the opportunity to build a resilient, efficient tech stack that suits each property’s unique needs.”

Data Plus

55 Middlesex St. Suite 219
N. Chelmsford, MA 01863
https://hotelfms.com
Send all press inquiries to Brian Dass: briand@dphs.com

Data Plus Unveils New Website: HotelFMS.com

June 24, 2024

Massachusetts, June 24, 2024 – Data Plus is excited to announce the launch of its new and rebranded website, HotelFMS.com, an upgraded web presence to showcase Data Plus’s comprehensive financial management solution tailored specifically for the hospitality industry. The new site will help Data Plus in expanding its products and partnerships content associated with its rapidly growing and robust suite of Financial Management System (FMS) solutions, DP Finance, DP Supply, and newly introducing DP Pay, the latest addition.

Bruce Bensetler, CEO of Data Plus, commented

"HotelFMS.com marks a significant milestone in our company's evolution, showcasing the culmination of years of dedicated development into our comprehensive Financial Management System. This complete end-to-end solution is designed to meet the demands of our clients for advanced financial control, automated payments, enhanced fraud prevention, and unparalleled flexibility. Our new website's engaging and accessible design ensures users can effortlessly find the information they need. This launch is not just about a new website; it’s a bold step towards our vision of empowering clients with a cutting-edge Financial Management System that redefines efficiency and innovation in the hospitality industry."

Key Highlights of the New Design:

User-Friendly Interface: The new website features an intuitive design that ensures a seamless user experience on both desktop and mobile, making it easier for clients to navigate through the various products and services offered. Enhanced Product Showcase: HotelFMS.com provides detailed information on Data Plus’s suite of Financial Management System (FMS) solutions, including DP Finance, DP Supply, and the newly introduced DP Pay.

Explore the new HotelFMS.com to learn more about how Data Plus’s innovative financial management solutions can transform your hospitality business. Schedule a live demo today to see DP Finance, DP Supply, and DP Pay in action and discover the benefits of integrating these powerful tools into your operations. Data Plus will be at the HITEC 2024 trade show at booth #944 please feel free to stop by and say hello.

About Data Plus

With over 20 years in the hospitality industry, Data Plus offers a scalable accounting platform unmatched in the marketplace. Our suite of products aids businesses in understanding operations, improving efficiency, and supporting growth strategies. With connectivity to over 200 systems, Data Plus ensures comprehensive data integration and reporting.

Data Plus

55 Middlesex St. Suite 219
N. Chelmsford, MA 01863
https://hotelfms.com
Send all press inquiries to Brian Dass: briand@dphs.com

Financial management service expands its tailored solutions across Asia, Australia and North America

January 14, 2025

Chelmsford, MA – Data Plus, a leading USALI compliant financial management system for the hospitality industry, is proud to announce its platform’s implementation in three esteemed hotels: Stone Harbor Resort in the United States, The Standard Singapore, and The Standard Melbourne. Notably, The Standard Melbourne marks Data Plus’s entrance in Australia, underscoring the company’s continuing international growth footprint.

Tailored Solutions for Regional Compliance

Data Plus’s platform enabled each hotel to meet local financial regulations with ease. Custom reports and exports were developed for The Standard Singapore to support banking standards and VAT tax reconciliations. Similarly, The Standard Melbourne’s implementation included adjustments to comply with Australian payment reporting standards. These enhancements demonstrate Data Plus’s commitment to delivering customized solutions for global clients.

Comprehensive Financial Management

Designed to integrate seamlessly with property management systems, Data Plus streamlines operations with customizable workflows and end-to-end financial oversight. From procurement to payments, the platform empowers hotels to improve efficiency and transparency.

Stone Harbor Resort, a Wisconsin destination with diverse amenities, chose Data Plus to modernize its financial systems under new ownership. The resort’s extensive reporting and workflow needs were fully met by the platform’s robust capabilities.

Commitment to Collaboration

Data Plus worked closely with each client to deliver solutions tailored to their unique operational goals. This collaborative approach ensures every hotel benefits from a platform designed to drive growth and simplify financial management.

“Our feature-rich platform and commitment to customization make Data Plus an indispensable asset for hotels, whether they’re in Wisconsin, Singapore, or Australia,” said Bruce Bensetler, Founder and CEO of Data Plus. “We’re proud to help our clients streamline operations and meet regional requirements, supporting their success every step of the way.”

Looking Forward

As Data Plus continues to expand its global footprint, the company remains dedicated to empowering hotels worldwide with unparalleled financial management tools.

Data Plus

55 Middlesex St. Suite 219
N. Chelmsford, MA 01863
https://hotelfms.com
Send all press inquiries to Brian Dass: briand@dphs.com

Hospitality Finance Simplified: Achieving Compliance While Reducing Operational Burdens

January 27, 2025

Chelmsford, MA – Data Plus, a leading provider of financial management solutions for the hospitality industry, proudly announces that its platform is fully compliant with the USALI (Uniform System of Accounts for the Lodging Industry) 12th Edition standards, set to take effect on January 1, 2026.This milestone ensures that hotels using Data Plus are not only prepared to meet the global benchmarks for financial transparency but are also equipped with the tools and expertise needed to streamline compliance processes, reduce operational burdens, and optimize financial performance.

Simplifying Compliance for CFOs and Accounting Teams

Data Plus’s USALI-compliant platform provides hotels with a foundation of financial organization that ensures accurate and standardized reporting across all properties. Key features include:

• Pre-configured Chart of Accounts: Automatically aligned with USALI standards to ensure accurate categorization of revenues and expenses.

• Automated Reporting: Eliminates manual errors by consolidating data into pre-mapped, compliant financial statements.

• Custom Dashboards: Track critical metrics such as GOPPAR, utility costs, and waste management for better decision-making.

• Real-Time Insights: Data consolidation across properties enables CFOs to access clear, actionable insights at a glance.

For accounting teams, the platform reduces the complexity of maintaining compliance by offering:

• Automated Workflow Processes: Streamline reconciliation, audits, and report generation.

• Audit-Ready Exports: Simplify interactions with external auditors through pre-built, USALI-compliant reports.

Industry Knowledge and Expertise

What sets Data Plus apart is its team’s extensive experience in both hotel operations and financial management. With decades of expertise, the Data Plus team understands the unique challenges hoteliers face and works closely with clients to optimize platform usage and ensure full compliance with USALI standards.

“We don’t just provide a USALI-compliant system; we partner with hotels to deliver a comprehensive solution that saves time, reduces costs, and supports long-term growth,” said Bruce Bensetler, Founder and CEO of Data Plus. “Our team’s in-depth industry knowledge ensures every client can take full advantage of our platform’s powerful features, whether they’re transitioning to Data Plus or enhancing their current setup.”

The ROI of USALI Compliance

Hotels that adopt a USALI-compliant platform like Data Plus benefit from significant time and cost savings:

• Improved Operational Efficiency: Automated processes reduce manual tasks, allowing teams to focus on strategic initiatives.

• Cost Reduction: Compliance features, such as sustainability tracking, help identify opportunities for cost savings, such as lowering utility bills.

• Streamlined Multi-Property Management: Consolidated reporting ensures consistency and clarity across all locations.

Data Plus

55 Middlesex St. Suite 219
N. Chelmsford, MA 01863
https://hotelfms.com
Send all press inquiries to Brian Dass: briand@dphs.com