Oxford Hotel Chain Upgrades Financial Systems

This case study details the upgrade of the financial systems at the Oxford Collection of hotels, a family-owned chain operating across 16 cities in the western United States. The initiative was led by Megan Walker, the vice president of accounting and finance, who identified the need for a new accounting system due to limitations in the previous setup. The old system lacked cloud access and integration with the property management system, leading to inefficiencies and a fragmented view of financial data. The solution involved selecting Sage Intacct, a cloud-based accounting software, and partnering with Armanino for implementation. The project included creating a new chart of accounts, significantly reducing the number of general ledger accounts from 9,000 to 300. The new system provided a consolidated view of financial performance across all entities, eliminated manual data entry, and improved reporting capabilities. The case study outlines the immediate benefits experienced by Oxford Corporate following the implementation, including enhanced visibility into business performance.