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The implementation of the budgeting process at Decameron Hotels and the units that make up the group aimed to centralize and automate the budgeting process in a comprehensive way. This covered everything from the planning of revenues, costs and expenses to the generation of budgetary financial statements. The project sought to optimize traditional processes, which were often manual, decentralized and error-prone, in order to provide an advanced technological solution that would allow for efficient and collaborative management.

One of the key objectives was to achieve financial consolidation of the group, allowing the generation of consolidated financial statements in a collaborative environment. With a centralized platform, all key players in the process – financial, operational and administrative – could actively participate in budget planning and monitoring in real time, with access to updated and consistent data.

In addition, the main objective was to reduce processing times and allow users to focus on analyzing financial and operational information, instead of spending time on operational and manual tasks.

The implementation of the budgeting solution at Decameron Hotels achieved significant transformations in the way financial budgets are managed and consolidated, resulting in several key achievements:

Integration of the budget process in a single technological solution : One of the biggest advances was the centralization of the budget process, which allowed all areas involved to participate collaboratively in the preparation and monitoring of the budget. This considerably reduced the inconsistencies and duplications that used to arise in manual processes, making all information accessible and consistent on an integrated platform.
Automation and optimization of processing times : The generation of consolidated financial statements at group level, which was previously a lengthy and tedious process, could now be carried out in much shorter times. This automation freed users from operational tasks, allowing them to focus on in-depth analysis of financial and performance results. As a result, the financial team has been able to make faster and more informed decisions, improving its ability to react to changes in economic scenarios.
Efficient planning and consolidation : The tool enabled comprehensive and collaborative planning, where each unit of the group contributes autonomously to the global budget, respecting its operational and financial particularities, but always within a common framework that facilitates consolidation. This has significantly improved the accuracy of financial projections and allowed for a consolidated and unified view of the group's performance as a whole.
Interdepartmental collaboration : The platform not only facilitated interaction within the finance team, but also promoted greater collaboration between different departments and business units. Each department was able to contribute key information, such as revenue estimates and operating expenses, resulting in a more accurate budget aligned with the operational reality of each unit.
Improved quality of financial analysis : By reducing the time spent on manual and repetitive tasks, the finance team was able to focus on detailed analysis, identifying trends and opportunities for improvement in real time. This not only enabled more dynamic budget management, but also offered senior management a powerful tool for strategic decision-making, based on up-to-date and reliable data.
Unified and strategic vision of the group : The implemented solution provided Hoteles Decameron with a clear and consolidated vision of all its financial components. This has been crucial for the strategic planning of the group, allowing for rapid and accurate adjustments to projections in response to changes in the economic and market environment.

The implementation of the budgeting process at Decameron Hotels and its units has enabled a significant transformation in the way the group manages its finances, optimising processes, improving the quality of financial analysis and offering a collaborative platform that supports more efficient planning and consolidation. This has not only boosted operational efficiency, but has also strengthened the group’s ability to respond quickly and effectively to financial challenges.