Management of Data-Generating Front Office Subsystems

Slides:



Advertisements
Similar presentations
Lecture 2 - Revenue Models
Advertisements

20 CHAPTERCHAPTER CHAPTERCHAPTER ©2004 Pearson Education, Inc. Upper Saddle River, New Jersey Introduction to Hospitality Management, First Edition.
Credit Card Processing 101
Aspire Vertical Markets Retail Store. Retail Store Solution.
Locking in Your Payments - Using Electronic Lockbox Services Karen Bittner, CTP – BB&T Carolinas Cash Adventure May 16, 2011.
Chapter 8 Payment Systems: Getting the Money
Four ways to give electronically 1. Making it easy for givers to give! 2.
Healthcare Payment & Remittance Medical Banking - Best Practices
Chapter 26 Legacy Systems.
RXQ Dual Billing Process Flow Distribution Company Supplier Customer Distribution Company reads meter(s) ( ) Supplier receives and processes.
E- Learning Technologies: Applications for Government Accounting & Financial Systems Page - 1 January 19, 2004 International Institute of Business Technologies.
Accounting and Financial Reporting
Database Design Using the REA Data Model
Banking Services AVAILABLE FOR A SMALL BUSINESS. BANKING SERVICES 2 Welcome 1. Agenda 2. Ground Rules 3. Introductions.
Virtual Office by Velocity Telephone, Inc. Trade Secret - Property of Velocity Telephone, Inc.
Chapter 12 The Revenue Cycle: Sales to Cash Collections Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall 12-1.
The Office Procedures and Technology
Understanding a Credit Card
Credit Card Traps and PowerPay Debt Reduction Program.
1 STATISTICAL DATA ON THE BANKS PAYMENT SYSTEMS IN FINLAND May 2013.
P-Card User Guide Standard Profile July RCNJ-BOA Purchasing Card User Guide – Standard Profile Ramapo College and Bank of America VISA Procurement.
Teacher instructions:
[FI Name]s Merchant Services Program Employee Training Presentation.
Freedom – MuniciPAY Credit Card Interface 1Freedom Systems – MuniciPAY Credit Card Interface Webinar WELCOME TO THE FREEDOM – MUNICIPAY CREDIT CARD INTERFACE.
1 Administrator Introduction Driver Discount Lodging Program For T-Chek Systems.
The Property Management System and Interfaces
Credit and the City Ledger
Marketing Essentials Section 32.2 Credit
Activity 1………….Why Do You Need A Bank? Activity 2………The Many Services of a Bank Activity 3…The ABCs of a Chequing Account Activity 4………Opening a Chequing.
Nortel Meridian 1 – Option 11C Family of Definity PBXs
Discovering Computers Fundamentals, 2012 Edition
The Revenue Cycle: Sales to Cash Collections
1 Overview of Hotel Systems Pearl Brewer, Ph.D. University of Nevada, Las Vegas.
Guest Charges, Payment, and Check-out
Take Charge of Your Finances
1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking – Slide 1 Funded by a grant from Take Charge America,
Accounting Information Systems 8e
Introduction to computer
Display slides 2 and 3 with Procedure step 2 in the lesson.
Electronic payment Methods: Defined: It is alternative payment mechanism for electronic transactions instead of traditional payment methods like cheque,cash,
LECTURE 7 REF: CHAPTER 11 ELECTRONIC COMMERCE PAYMENT SYSTEMS PREPARED BY : L. Nouf Almujally Copyright © 2010 Pearson Education, Inc. 1.
1.7.2.G1 Electronic/Online Banking & Bill Pay Take Charge of Your Finances.
© 2003, Educational Institute Chapter 5 Property Management System Interfaces Managing Technology in the Hospitality Industry Fourth Edition (469T or 469)
Woods et al., Professional Front Office Management © 2007 Pearson Education, Upper Saddle River, NJ All Rights Reserved. 1 Revenue Management.
Introduction to Hospitality, Fourth Edition John Walker ©2006 Pearson Education, Inc. Pearson Prentice Hall Upper Saddle River, NJ Chapter 18 Hospitality.
Mr. Stasa – Willoughby-Eastlake City Schools ©. Essential Question #8  In your opinion, how has technology improved and/or damaged the banking industry?
Winner Follow Me Presented by Telecom Transborder Services.
Woods et al., Professional Front Office Management © 2007 Pearson Education, Upper Saddle River, NJ All Rights Reserved. 1 Overview of the Lodging.
Customer Premise Equipment and Application Chapter 5.
17-2 Financial Services and Electronic Banking. Types of financial services Savings services Financial institutions accept money for safekeeping. A broad.
Become an ePay Program Payments Expert!
BZUPAGES.COM Electronic Payment Systems Most of the electronic payment systems on internet use cryptography in one way or the other to ensure confidentiality.
The Client was previously setup from the Practice Console layer using the Client Setup Wizard. If changes need to made to the areas of: Company Details.
Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.
Electronic Payment Systems. How do we make an electronic payment? Credit and debit cards Smart cards Electronic cash (digital cash) Electronic wallets.
Woods et al., Professional Front Office Management © 2007 Pearson Education, Upper Saddle River, NJ All Rights Reserved. 1 Distribution Channel.
Woods et al., Professional Front Office Management © 2007 Pearson Education, Upper Saddle River, NJ All Rights Reserved. 1 Night Audit and Report.
Checking Account. Key Terms Check Online and smartphone banking Deposit/credit Automated Teller Machines (ATMs) Debit Overdrawn Balance/reconcile Overdraft.
BANKING PRODUCTS. CHECKING Non interest bearing accounts FREE CHECKING Direct Deposit – for payroll; convenient for the customer Auto Pay – for utility.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.
VeriFone Virtual Terminal Web-Hosted Hosted Payment Gateway
1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.
TODAY’S AGENDA 1.Budgeting Project review- they are due electronically tomorrow 2.Budgeting Quiz (DVD) and test questions afterwards 3.Ch. 10 Baking 4.Ch.
CHAPTER Section 14.1 Recordkeeping Section 14.2 Accounting Systems Recordkeeping & Accounting.
Electronic Banking & Security Electronic Banking & Security.
Online Transactions Iowa County Information Technology Association November 20, 2002.
The Office Procedures and Technology
Data Handling Outside School
Chapter 10 Billing the Guest Folio
Ski Clubs and E-Commerce
Presentation transcript:

Management of Data-Generating Front Office Subsystems Chapter 8 Management of Data-Generating Front Office Subsystems

Overview of Front Office Data Sub-Systems Revenue-generating sub-systems Non-revenue-generating sub-systems

Management of Interfaced Sub-System Telephones Recodable locks Pay-per-view services In-room vending Point of Sale (POS) systems Property-specific interfaces Credit/T&E/debit card payments

Telephones Auto-attendant: A system in which incoming calls transferred from the telephone system are answered automatically as they are received. Automated Wake-up: A system in which guests (or front office staff) may use the hotel’s telephone system to program a pre-recorded call to be received in a guest’s room at a time requested by the guest. Message on Hold: A system that eliminates the silence that occurs when guests are required to wait for their call to be picked up by the party the caller is attempting to reach.

Telephones Telephone systems can include: Wireless and/or voice-over technology capability Caller I.D. Caller-auto call-back capability Conference call capability Telephone volume control Speed-dialing Call forwarding, hold, transfer, and “do not disturb” Voice messaging

Telephones The call accounting system must: Make a record of all incoming and outgoing calls Choose the least cost method of sending outgoing calls Maintain records of who will be charged for calls Maintain records of how much should be charged for calls Post appropriate telephone charges to the proper guest’s folio

Telephones Smart Switch: A device that detects detailed information about the destination of a telephone call when it is made. Least Cost Routing: A system using a pre-programmed, interfaced smart switch to select the telephone route that charges the least based upon a call’s specific destination. Dial-up Internet: A method of Internet connection that utilizes a standard telephone and telephone call for connection to the worldwide-web.

Telephones Call Records: A listing of the source, length, and destination of each call made within a hotel during a specific time period. Local Call: A telephone call typically made within a small geographic area. Long Distance Call: In general, a call made to a telephone extension located in an area code outside of the call’s originating area code. International Call: A call made to a telephone extension located in a country code outside that of the call’s originating country code.

Telephones IT: Short for “Information Technology”; a broad term used to identify areas of management related to the design and administration of computer-related hardware and software programs. Move/Add/Change: The process of re-configuring or re-programming a call accounting system to, for example, move an extension from one location to another, add an additional extension, or change a line from one that posts charges for usage to one that does not.

Recodable Locks Recodable Locking System: A hotel locking system designed so that, when a guest inserts a key card into a lock for the first time, it is immediately recoded, and entry authorization for the previous guest is cancelled.

Pay-per-View Services These systems began by offering movies, but now they also allow access to pay-per-use: Video games Music High-speed Internet access Live sporting events Concert broadcasts

In-Room Vending E-fridge: A cabinet usually including both refrigerated and nonrefrigerated sections designed with an electronic processing unit that allows direct PMS interface. Wi-Fi Certified: (Wireless Fidelity Certified) Refers to any products tested and approved as “Wi-Fi Certified” by the Wi-Fi Alliance and certified as interoperable with each other. Hot Spot: A Wi-Fi area that allows for high-speed wireless Internet access or other data transmission.

Point of Sale System POS: Short for “Point of Sale”; a location within the hotel (excluding the Front Desk) at which hotel goods and services are purchased. In many hotels, the POS is interfaced with the PMS.

Point of Sale System POS Terminal: A computer system containing its own input and output components and, perhaps, some memory capacity without a central processing unit. Used to record: Name of the item(s) purchased Quantity of item(s) purchased Price of each item purchased Total costs of all items purchased Amount of applicable taxes (if any) Total to be entered into the folio and to be collected from the guest at check-out

Property-Specific Interfaces Most popular/common include: Ski lift tickets Green fees Posting of charges related to the hotel’s: Internet access Health club Spa/salon Beauty shop Barber shop Florist

Credit/T&E/Debit Card Payments Credit Card: A system by which banks loan money with interest to consumers as purchases are made. Merchants accepting the cards for payment are charged a fee by the banks for the charges made by their customers with the credit card.

Credit/T&E/Debit Card Payments T&E Card: Short for Travel and Entertainment card; a payment system by which the card issuer collects full payment from the card users each month. The card companies do not typically assess interest charges to consumers. Instead, they rely on fees collected from merchants accepting the cards.

Credit/T&E/Debit Card Payments Debit Card: A payment system in which money collected by a merchant (hotel) is automatically (electronically) deposited into the merchant’s local bank account. As with bank and T&E cards, merchants accepting the cards are assessed a fee for the right to do so.

Credit/T&E/Debit Card Payments Smart Card: Payment card in which user information such as demographics, purchase history, and product preferences is contained within a computerized “chip” imbedded in the card. Merchant Service Provider (MSP): An entity that, for a fee, manages payment card acceptance and funds collection for businesses (hotels).

Credit/T&E/Debit Card Payments Discount Fee: The amount (percentage) payment card issuers charge merchants for the right to accept their cards. Discount fees may range from 1-5% of a consumer’s total purchase. Electronic Funds Transfer (EFT): The electronic movement of money from one bank account to another.

Management of Non-Interfaced Sub-Systems Telephones: Messages Wake-up calls Internet access Pay-per-view (in-room) In-room vending POS systems Guest laundry Credit/T&E/debit card payments Holds

Management of Non-Interfaced Sub-Systems Back office accounting Reasons for not interfacing with PMS include: Multi-brand ownership Financial confidentiality from external-hotel entities Financial confidentiality from internal-hotel entities

Management of Non-Interfaced Sub-Systems Centralized Accounting System: A financial management system that collects accounting data from one or more hotels and then combines and analyzes the data at a different (central) site. Decentralized Accounting System: A financial management system that collects accounting data from an individual hotel site and combines and analyzes that data at that same site.