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Quore CapEx Tool is Helping Hotel Management Companies Save Time and Money

  • Quore
  • 10.29.19
Don’t get caught in the trenches of stressful budget planning again; Quore’s CapEx app is helping multi-property owners/operators make better financial decisions via easy-to-implement capital request approval flows, long-term tracking capabilities and detailed future forecasting.

Budget season is over, and hotel owners/operators are breathing sighs of relief now that they’re through with the arduous weeks — maybe even months— of prepping annual budgets and taking care of a backlog of capital requests. Quore, an award-winning provider of workforce communication and engineering/housekeeping management technologies, has a tool that is helping multi-property management companies make better financial decisions by staying on top of all property-level capital requests. The CapEx app customizes and automates the flow of approved expenses for increased efficiency. The tool – tied to the hotel inventory within Quore – also makes it easy to track warranty information on inventory assets, giving management an accurate budgetary forecast on any items that might need replacing over time.
“Our customers told us they need a way to track budget items across all expense types for improved financial performance,” said Richard Bradbury, Quore VP of strategy and alliances. “They want an easier way to look at their budget and expenses, access historical reporting and analyze trends and share up-to-date information on what is happening at their hotels. So, Quore developed the CapEx app to tackle each of those functions. It’s a comprehensive solution that is helping hoteliers make smarter business decisions and save time and money.”
Within the Quore CapEx app hoteliers can:
  • Segment CapEx requests by type (emergency or budgeted)
  • Forecast using Future Request
  • Manage the customizable approval flow by type, title and final approver 
  • Streamline capital requests within the approval flow by ensuring that only designated employees can approve pre-specified amounts
  • Tie CapEx requests to inventory items already within Quore
  • Include bids for work required from external vendors
“Driving real-time staff communication and visibility while also facilitating finance, business operations and management can be accomplished affordably and easily within Quore,” Bradbury said. “Before the 2020 budget season comes to an end, hoteliers should take a deep look at their technology investments to make sure they are getting the most bang for their buck. Don’t settle for a workforce communication system with limited functionality. Quore is the most robust solution on the market, and we are routinely adding features to meet customer demand.”
Management companies interested in learning more about the Quore CapEx app should email sales@quore.com. 

Quore is an award-winning provider of workforce communication and engineering/housekeeping management technologies that enable hotels to efficiently run their day-to-day operations and improve the guest experience. With software used by more than half of the top 100 highest-earning hotel management companies in the U.S., Quore is the first solution ever to combine state-of-the-art technology and intuitive design to allow hotels of any size to manage all aspects of the guest experience. Quore supports some of the industry’s largest brands, including IHG, Marriott, Hilton, and Choice to track work orders, execute preventative maintenance, manage guest requests, improve complaint responsiveness, and create world-class proficiencies in housekeeping. Founded in 2012 by Scott Schaedle, Quore is privately owned and located in Franklin, Tenn. 

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