December 13, 2002 - The current economic climate in our industry requires that we improve efficiencies in all segments of operations. Labor represents the largest single component of operating expenses – easily comprising up to 50% of a hotel’s operations. Understanding labor costs on a daily, weekly and monthly basis would allow you to manage your labor costs and productivity indicators more effectively. However, there are very few tools designed to facilitate labor analysis, with most financial professionals relying on large, cumbersome spreadsheets, which are difficult to manage and prone to error. 

priZem international, inc. (pZi) has developed Labor Intelligence, a labor reporting database for management that offers financial professionals the ability to perform in-depth analysis of labor costs and needs on a daily, weekly and monthly basis. Labor Intelligence is a simple tool that also offers in-depth analysis of labor costs as compared to revenues on a daily, weekly and monthly basis. This easy-to-use software will help management administer labor costs as compared to forecast, budget and prior year as well as help manage employee schedules based on service volume and demand. With pZi’s intuitive tool, you will be able to assess and revise labor requirements to provide hotel operators with the information they need to shift labor forces and reduce costs quickly and efficiently. 

pZi is a hospitality consulting group formed in 1999 to help fill the gaps in financial and technology operations within the hospitality industry.  Its Labor Intelligence, Market Intelligence and Budget Intelligence applications were designed by those same hospitality professionals who have more than 20 years experience each in Finance and Technology within the hospitality industry.  By bringing their experience together, they have developed simple, cost effective tools that can help fill those crucial and often unnoticed gaps. 

Features

The primary purpose of Labor Intelligence is to allow management to generate useful and insightful reports. With pZi’s tool, you will be able to: 

• Provide corporate management with the ability to evaluate labor cost from one central location. 
• Measure current key performance indicators against historical key performance indicators 
• Help establish property labor standards 
• Export data to any spread sheet or budget program 
• Interface to any time clock 

Labor Intelligence provides detailed historical labor data that provides important information needed to: 

• Remove the weak link created by the common use of manual, inefficient and error-prone spreadsheets 
• Provide hotel operators with the information needed to shift labor forces and reduce costs quickly and effectively 
• Allow management to properly determine how associated costs compare to forecast, budget and prior year 

About priZem 

priZem International Inc. (pZi) is the hospitality industry’s premiere source for financial consulting and technology solutions.  Using a comprehensive suite of services and hosted applications, pZi provides clients with the tools necessary to maximize revenues while minimizing costs. 

Product Offerings 

Market Intelligence ™– An online statistical tool available at anytime from any Internet-enabled device that provides information for the analysis of market trends based on customer-defined competitive sets. 

Budget Intelligence ™–The database solution that will finally eliminate the cumbersome, error-prone spreadsheet tools still widely used for the budget process by most Accounting operations. 

Labor Intelligence ™ – A software program that offers in-depth analysis of labor costs as compared to revenues on a daily, weekly and monthly basis.  This tool will help management administer labor costs as compared to forecast and budget, monitor property standards, and manage employee schedules based on service volume and demand. 

Consulting Services – A complete review of operations including an analysis of current needs, growth strategies and industry trends to identify opportunities, recommendations or solutions to sustain a competitive advantage, and hands on assistance through all stages of a technological implementation. 

Partners 

Paul West, CEO
Paul brings over 20 years of versatile experience to his position at pZi.  He comes from a variety of positions ranging from Vice President of Technology for several Hotel chains at the Corporate level, to IT Director for several hotels at the single property level.  Past technology management positions have been with Nikko Hotels International, The St. Regis New York, Hotels of Distinction, SwissHotels, Sheraton Hotels, The Rainbow Room in New York City. 

Jose Acosta, COO 
Jose brings more than 20 years of operations experience to pZi.  Prior to joining pZi, Jose served as Corporate Controller for the Tishman Hotel Corporation.  In addition, he served as Corporate Director of Finance for KSL Recreation Corporation and Regional Corporate Controller of GF Management as well as 10 years in the Ritz-Carlton Hotel Company as financial controller. 

Other Services

Presentation Services Audio Visual

priZem’s alliance with the absolute most complete A/V operation in the industry with five star/five diamond service offers companies and properties the opportunity to earn more revenue while providing premiere A/V services to its clients. 

Contact us for further information.