Finance and Accounting
Stonebridge Companies has a built a cohesive finance and accounting department. Our systems are automated for efficiencies that provide real-time financial reporting. Centralized services for processing of accounts payable and other support services are activated at our corporate office. Timely cash flow and financial statements are generated to our investors and clients.
We conduct monthly financial analysis of each hotel’s history against annual budget and business plans. Both top-line and bottom-line performance is analyzed with cross-sectional bench marking techniques. Daily reports and other systems are frequently reviewed for enhancement with the latest technology solutions.
Payables are processed daily as invoices are received and Stonebridge Companies enjoys extensive credit lines with all vendors. Procurement is streamlined at the properties, with major purchases negotiated through our corporate office. Economies of scale, created by the size of our portfolio, provide purchasing leverage that improves profit margins.