Quatrro Partners with Vimana Franchise Systems
Friday September 13th, 2013 - 10:33AM M
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ROSEMONT, IL—Quatrro FPO Solutions, which provides platform and cloud-based accounting services to the hospitality industry, has entered into a partnership with Steve Bepmonte, CEO of Vimana Franchise Systems, which franchises Centerstone Inns, Hotels & Plaza Hotels and Key West Inns, Hotels & Resorts.
Quatrro FPO Solutions offers financial reporting, accounts payable, accounts receivable, bank reconciliations and payroll services.
"What's exciting is that Quatrro FPO Solutions has the capability to transition large accounting departments to their payroll, thereby reducing operating expenses for hotel owners, operating companies, management companies, etc. while retaining key employees who understand and know the needs of their hotels," stated Belmonte. “In my opinion, it's more than just an opportunity for immediate and newfound cash, it's an opportunity to enhance and stabilize all your accounting functions without worrying about employee benefits, vacations, turnover, etc.”
Tags: Quatrro FPO Solutions • Vimana Franchise Systems • Steve Belmonte • accounting • Hospitality • Operational •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.