Asset Management
With the utilization of CMI software, hotels now have the tools to closely track expensive FF&E assets; observe age, usage, and other important aspects when evaluating the hotel's assets.
Accurate and real time data is important when depreciating assets are at year end.
Benefits
Accurate and real time data is important when depreciating assets are at year end.
Benefits
- Tracking: The ability for staff to easily locate assets, have an accurate inventory of assets, improve and reducing the number of "unable to locate" assets
- Warranties: On-time preventative maintenance of all assets.
- Rentals: Hotels occasionally rent items to support hotel needs. Tracking rental assets with CMI provides insight to reductions in rental expense, including lowering overall rental costs and rental days by equipment type.
- Shrinkage: Whether it is lost, misplaced, or stolen, assets are a constant drain on hotel resources. CMI reduces the incidence of lost, misplaced, or stolen assets with alerts and missing asset reports which are used to analyze shrinkage trends and make necessary adjustments to hotel operations.
