Revolutionizing Hotel Finance: Mews' Latest Moves
Well, here's something that's gonna ruffle a few feathers in the hospitality world, and it's about time someone shook things up. Mews, who you may know if you've ever dabbled in hotel management, is rolling out features that look like a godsend for revenue-hungry hoteliers. Remember this name folks, because Mews is not just polishing up rooms; they're setting up a whole financial arsenal for properties across the globe.
Recurring Payments: Automatic and Stress-Free
First off, let's tackle Recurring Payments. It's one of those things that'll make you wonder why it didn't exist earlier. Any property worth its salt that's offering extended stays or membership services knows the pain of chasing payments. Mews' solution automates that rigmarole, cutting down manual processes, and truly, saving everyone's skin. Hotels can forget about the hassle, as collections are now automated globally.
A quote from Tom Nijst at The Social Hub spells it out — with this new feature, his team clawed back four hours a week while keeping 98% of payments on schedule. That's real-time, tangible efficiency that should have hotel managers letting out a sigh of relief.
Multicurrency: Every Penny Counts
Next, Multicurrency is Mews' ace in the hole. You know the drill with international guests—it's a gold mine that's been siphoned by banks for too long due to those sneaky currency conversion fees. But now, Mews is letting hoteliers pocket a slice of that pie. Since appearing first in Europe, it's kicked out €1.55 million in extra revenue. Now it's extending to the US and Canada, meaning more hotels can stand to offset some, if not all, of their Mews subscription costs.
Imagine raking in cash just by processing payments. The savvy operators who've been running with Multicurrency for over three months are already seeing a tidy offset on their expenses. It's smart, it's hasty, and frankly, it's about getting what’s yours.
Accounts Receivable: Speeding Up The Checkout Dash
Account Receivable is probably the one feature that's gonna get finance teams really excited. There's that ugly lag between guests checking out and the invoices actually getting sent. Mews found it was averaging a week's delay, giving any decent budget officer nightmares. But with this new rollout, they’re tightening the slack by automating the whole painful process—from issuing invoices to reconciling payments, all wrapped in a nice little package.
As Luca Flamini from CX Living puts it, the shift to automation is freeing his team from an entire week of manual labor. It's like someone handing you a gift every month just for doing regular business.
One Unified System Only Mews Could Muster
Susanne Sandler belts it out right that Mews isn't just a helper app but a financial lifeline for the savvier hotel operators. This isn't pie-in-the-sky thinking. It's practical, and in the world of hotel revenues, that's invaluable.
"Mews has always been built around one goal: giving hoteliers the best possible platform to run and grow their business," Sandler said, summing up their mission as straightforwardly as their approach to solving revenue woes.
Time will tell how these features hit the ground running, but looking at the pilot successes, there's a good chance we're witnessing a turning point in the hospitality financials. My advice? Keep this one on your radar and be ready to ride alongside Mews' train of revenue innovations.
