Budget Using Daily Labor Standards
Creating an accurate budget depends on a number of items. A company’s highest recurring cost is labor, so labor standards, imperative business guidelines, and other related variables must be taken into account.
UniFocus' LMS Budgeting module prepares periodic and annual budgets for revenues, volumes, labor costs, and all other expenses. The tool uses established daily labor standards and expense projections which are directly linked to key business indicators.
Key Benefits of UniFocus’ Budgeting tool:
- Budget with the same standards your company uses every day
- Reduce confusion in profit and loss (P&L)
- Adjust your operations to meet your needs with anytime P&L vs. end of the month
- Create rolling forecasts and include "what if" scenarios
- Incorporate quality standards that directly impact customer service
- Compare real results over time to better understand variances
- Accurately reflect impact of volume or rate changes with 30, 60, and 90 day forecasts
LMS Budgeting supplies superior performance evaluation, and accurately and automatically adjusts labor costs and expenses with changes in business volumes. Expenses are reflected in hours and dollars per unit rather than percentages, providing more accuracy and predictability in your business.
"UniFocus' expertise in meetings and events, the great price point, and superiority of the product fit our needs. UniFocus has been out front with its technology, and providing great business tools to track the meeting planner's reviews effectively and efficiently."- Shawn Dixon, Corporate Operations Manager for Vail Resorts Hospitality
"UniFocus will help PGA National achieve its business objectives of continually enhancing levels of customer service and profitability with their innovative solutions and expert training. By partnering with UniFocus to create brand specific labor standards PGA will enhance our performance and guest satisfaction."- Joel Paige, Vice President & Managing Director, PGA National Resort and Spa
"UniFocus feels like a partner, not a third party. It's a great relationship...We have individual, personalized service that isn't cookie cutter. Another strategic asset is the clear understanding of which products and/or services can be improved or offered, to exceed customers' expectations."- Chuck Currid, General Manager of Babson Executive Conference Center