Advanced Budget & Expense Management for the Hospitality Industry
Enjoy greater control and unrivalled transparency over detailed expenditure breakdowns within your organisation. Seamlessly import existing budget files and facilitate comprehensive analyses by cost centre and cost type, making comparisons alongside spend data captured in our platform.
From Budgets to Action: Take Control of Hospitality Expenditure
Simple, Insightful Financial Planning
Efficient budgeting and expense management are a cornerstone of running a successful hospitality business. With FutureLog’s Budgeting and Expense Management solution, hotel and restaurant teams can streamline financial planning, gain real-time visibility into expenditures, and stay in control of their operational costs.
What Features Are Included?
FutureLog P2P offers a comprehensive solution tailored to the unique needs of the hospitality industry. Our platform simplifies budget and expense management, allowing you to focus on delivering exceptional guest experiences while maintaining financial control.
Strategic Budget Planning
- Effortless Budget Configuration:
Set up your hotel’s budget with ease. Upload existing budget files or create new ones, and let FutureLog configure a 12-month cycle tailored to your financial planning requirements. - Structured Budget Categories:
Organise your budget categories to reflect your hotel’s cost center and cost type to ensure precise, transparent assignment of articles. - Forecasting and Allocation:
Plan for the future with precise forecasting tools that allow you to allocate resources efficiently. Anticipate needs, avoid shortfalls, and ensure that your hotel is financially prepared for upcoming expenses.
Achieving Transparency
- Real-Time Budget Visibility:
Gain complete transparency into your financial status with our intuitive interface. View actual and expected expenses, and current requests at a glance, helping you stay informed and proactive. - Detailed Financial Oversight:
Access granular insights into your spending with our checkbook accounting feature. Track expenses by cost centre and types to understand where your money is going, allowing for better financial control. - Comprehensive Reporting:
Generate detailed financial reports that provide a clear overview of your budget status. Share these reports with key stakeholders to maintain transparency and foster trust in your financial management processes. - Streamlined budget control:
Avail of tailored authorisation levels and monitor budgets and spends in real-time, optimising your capital expenses effectively.
Ensuring Compliance and Control
- Budget Compliance Monitoring:
Monitor budget compliance effortlessly with built-in checks that ensure your expenses stay within approved limits. Any deviations are highlighted, helping you maintain financial discipline. - User Permissions and Controls:
Enhance security by setting user permissions that control who can access and modify budget data. This feature ensures that only authorised personnel can make changes, maintaining the integrity of your financial information. - Audit Trails and History
Keep track of all budget-related activities with detailed audit trails. All changes are logged, providing a clear history that supports compliance and accountability.
Efficient, automated P2P journeys
Futurelog in numbers
Our mission is to facilitate streamlined communication and seamless connectivity amongst all P2P stakeholders. Delivering value, simplicity & efficiency through automation and innovation is our passion, and the numbers speak for themselves.
Countries
Customers
GLOBAL OFFICES
PRODUCTS
SUPPLIERS
TRANSACTIONS P.A.
Your Budget & Expense Management questions, our answers:
Frequently Asked Questions
Our platform offers instant updates on all budget-related activities, including committed, approved, and actual expenditures. This real-time data allows you to monitor your financial status continuously and make necessary adjustments immediately.
You have the flexibility to structure your financial data according to your hotel's needs, defining a specific cost center and cost type per budget. You can even set up specific budget codes for more detailed tracking.
Potential over-spending is clearly highlighted, providing an early warnings so that you can take corrective measures. It's also possible to review detailed expense reports to understand the source of the overspend and reallocate resources as necessary.
Yes, you can update your budget name, start & end dates, as well as other parameters like cost centers and types. However, changes to the start/end dates are restricted if the budget year is currently in progress or has already ended.
Discover the efficiencies of FutureLog Budget & Expense Management
Get in touch
Let us help you take control of your Budget & Expense Management and enhance your operational efficiency. Start making informed decisions and ensure your resources are used effectively — reach out now!
Discover our Procure-to-Pay Success Stories
Efficient, automated ordering for German hotel group's corporate procurement team
Hundreds of happy clients
What our customers say
OUR APP: Procure-to-pay while on the go!
From placing orders and managing recipes to approving invoices and viewing reports, with FutureLog’s native mobile app you’ll have all the power and automation of our P2P web solutions conveniently at your fingertips. Whether you’re online or offline, you can stay in control.
