Totally Integrated, enables confident decision making and fuels business productivity 

Integrated

• Total integration of Data from all revenue centers is posted and tracked in an Income Auditing module that helps avoid redundancy and human errors. 

Compatibility

• compatible with internationally accepted (PMS) Property Management Systems

Timely

• in the current ever changing environment, facilitates vital information gathering and analysis to support timely decision making is vital

Localized 

• International standards of operation with localized taxation, including VAT and Withholding Tax procedures and mandatory reports and forms

Tracking 

• Tracks vendor purchase activity and maintains  the history of transactions, amounts purchased, total payments, and credits for each vendor.

Automatic 

• the income module will automatically create a new category with the PMS systems revenue configuration

Reports

• provides a full range of required reports and enables the user to both maintain and create useful report or enhance existing reports from available system data with built-in report writer.

Control

• Complete control over selection of invoices for full or partial payments.

Manage

• has the ability to manage a high volume of transactions and present up to date operation and performance information

Expertise

• designed by Financial Controllers who have great experience and expertise in the hospitality industry. 

Functionality 

• built-in hospitality features and functionalities system which include local requirements, taxes, government policies to ensure that all tasks can be processed effectively.  

Best-practices 

• Implements industry best practices to help reduce user workload and optimize vital resources, while still remaining very flexible. 

Challenges customers face:

Genex Solutions understands the challenges awaiting the next generation of executives in the hospitality industry, and knows that efficiency of information management is crucial for creating competitive advantages.

In the hospitality industry, detailed transactions can occur anywhere, at anytime, and errors can be fatal. You need accurate and quick information to manage the high volume of these transactions.

How Carmen overcomes the challenges :

The Carmen Financial Management System is designed for the hospitality industry by Financial Controllers who have great experience in this field. It is the essential tool for managing accounts and inventories and with its industry experience and professional support, is best suited for meeting all of your financial information requirements.

The Carmen System has practical solutions for vital questions that managers have, such as :

* How do I find the most practical tool for managing and transferring large quantities of data in an accurate, timely and easy to use, way ?  
Carmen is both integrated to and is compatible with, internationally accepted PMS and POS making it an extremely efficient and convenient system.

* How do I select the most reliable database for retrieving and maintaining business information and also optimize my resources and work flow ?  
Carmen is extremely stable and compatible with the SQL database.

 * How can I utilize comprehensive reports for efficient decision making for both short term and long term planning ?  Carmen empowers your decision making process, providing functional and powerful management reports with a built-in report writer. 

* How can I manage with local tax, language and document requirements ?  
Carmen is localized  for Thai and international users and can always be developed to meet your own specific needs.

Carmen services offered by Genex :

Professional Workflow – the convenience of total integration and one step entry

• Carmen can be integrated effortlessly into leading hotel management systems such as Amadeus PMS, Infrasys, V-Tech Leisure and Micros-Fidelio via the Income Auditor module, which helps avoid redundancy and human errors.
• After PMS of POS at the end of the day, all sales transactions can be posted to Carmen for auditing before sending to the General Ledger.
• The Purchasing Order will send the receiving record to the Inventory and the receiving asset to the Asset Register. The Inventory will send the creditor account to AP.
• A summary of A/R settlement, revenue from Income, cost/assets account from the Inventory, expenses from A/P, depreciation from Asset Register and salary expenses from the Payroll, will automatically be sent to the General Ledger.

Income Sales Tracking - Security and Stability

• Carmen consolidates income details from various outlets while simultaneously correcting transaction errors.
• It provides tax invoices and void reports for invoices imported from other systems.
• It tracks vendor purchase activity and maintains the history of any transactions, amounts purchased, total payments, and credits for each vendor.

Accounts Payable - Report Capability

• This allows open and up-to-date monitoring of invoices from all suppliers, including full and partial payment situations.
• It can handle cheques, VAT and localized taxation such as Withholding Tax procedures. It is linked to the General Ledger and can automatically update accounts, reporting monthly supplier activity and any unpaid balances.

General Ledger / Financial Report Writer - Functional Customer Service

• It is a fully flexible accounting system which can handle multiple currencies and languages.
• It enables easy journal and transaction list cross-checking.
• Financial statements can be tailored to departments or specific accounts, viewed on screen and printed. It can also be used alone, interfaced with other software systems or combined with other CFM systems.