On an international scale, the hospitality industry contributes 9.5% of gross domestic product (GDP)[1], so it’s no surprise that it can sometimes feel daunting to manage incoming and outgoing cashflow, particularly when it comes to reconciling transactions or managing any other form of data. In many cases, companies within this industry will be managing individual franchises or stores on top of the overall company’s revenue; treating each one as a separate entity with its own individually audited reconciliation process.

With Groupit, Aurum Solutions’ leading financial and data reconciliation software, companies in the hospitality sector can ensure that their cashflow is being managed effectively and accurately at every level. A central database means that all the account information and audit records can be tracked consistently, regardless of their source and a user-friendly interface enables staff to confidently process vital information, regardless of their technical ability or accountancy background.