The hospitality industry is evolving rapidly, and finance and accounting teams are rising to the challenge.
From dynamic pricing models to AI-driven accounting process automation, new technologies are reshaping financial management.
Hospitality organisations that embrace modernisation are poised to thrive in this increasingly competitive market.
But how can your team prepare for the future?
The Evolution of Hospitality Finance
Finance and accounting teams in the hospitality industry are embracing innovative financial management approaches.
By moving away from manual processes, integrating systems, and utilising dynamic reports, tasks, approvals, and decision-making are becoming more efficient.
As guest expectations shift and operational costs rise, hotels need to adopt smarter financial management strategies.
Here are the key trends shaping the future of hospitality finance that teams should be aware of:
- Shift Away from Legacy Systems – Replacing outdated finance systems with modern, cost-effective solutions that eliminate expensive contracts, unnecessary features, and obsolete technology.
- Autonomous Processes and AI-Driven Solutions – Automating financial workflows using AI and machine learning to enhance efficiency and accuracy.
- Robotic Finance Assistants – Using robotic users to handle routine finance tasks, allowing finance teams to focus on value-added tasks.
- Generative AI and Intelligent Automation – Enabling finance teams to automate complex workflows through natural language prompts.
- Rise of No-Code/Low-Code Platforms – Empowering finance teams in the hospitality sector to implement automation without deep technical expertise.
- Transitioning to the Cloud – Providing scalable, integrated financial solutions that improve operational flexibility.
- Focus on Governance, Security, and Compliance – Ensuring financial automation meets regulatory and security requirements.
- Intelligent Document Processing (IDP) – Automating invoice processing, expense management, and financial reporting by converting documents into structured data.
- Real-Time Data & Predictive Analytics – Harnessing real-time financial data and predictive analytics to inform faster, more accurate decision-making.
- Embedded Finance & Payments Integration – Seamlessly integrating payment processing, reconciliations, and financial services within core finance systems.
- Sustainability & ESG Reporting in Finance – Incorporating environmental, social, and governance (ESG) metrics into financial reporting and planning.
- Finance as a Strategic Business Partner – Shifting the finance function from transactional processing to strategic enablement, with automation and data driving business value.
The Role of Autonomous Processes in Hospitality Finance
Hotels have complex financial operations, from processing supplier payments to reconciling transactions across multiple revenue streams.
By transitioning from manual processes to automated solutions, operations become more efficient, errors are minimised, and costs are reduced.
UniFi is a next-gen platform for accounting, finance, and business process automation. It comes with powerful Autonomous Processes that can operate seamlessly in the background, enhancing productivity without the need for human intervention.
Powered by advanced Artificial Intelligence (AI) and Machine Learning (ML), Autonomous Processes handle financial tasks with human-like precision, improving speed and accuracy.
For hospitality businesses, this means:
- Automated accounts payable – Process invoices, match them to purchase orders, and manage approvals effortlessly.
- Seamless supplier onboarding – Verify and integrate vendor details without manual data entry.
- Effortless reconciliations – Match transactions across multiple accounts and flag discrepancies automatically.
- Real-time financial reporting – Generate up-to-date reports without waiting for manual consolidation.
UniFi helps hotel finance teams reduce errors, improve efficiency, and focus on strategic growth by eliminating repetitive tasks.
As the first system on the market to provide these advanced automation capabilities, across such a wide range of finance use cases, UniFi is setting a new standard for financial management in hospitality.
How SunSystems and UniFi Drive Innovation
To stay ahead, your hospitality business needs finance solutions that go beyond basic automation—delivering efficiency, scalability, and cost-effectiveness.
You need intelligent, integrated systems that provide real-time insights, seamless workflows, and adaptability to industry changes.
SunSystems from FinanSys is a trusted financial management solution used by over 2,200 hospitality organisations. It offers powerful features tailored to the industry’s unique needs.
It provides multi-currency support, advanced reporting, and flexible financial controls.
UniFi can extend SunSystems’ capabilities by offering advanced automation, data integration, and workflow management tailored for hospitality finance.
With UniFi, hotels can:
- Automate financial processes, from invoicing to reconciliations
- Improve visibility into financial performance with real-time dashboards
- Integrate financial data with other hospitality systems for a holistic view
- Reduce manual intervention, minimising errors and improving efficiency
By combining SunSystems with UniFi, hospitality finance teams gain a future-ready platform that enhances decision-making and operational agility — while significantly reducing the costs associated with legacy systems.
Preparing for the Future
Hotels that adopt financial innovation will be better positioned to navigate industry challenges.
By leveraging real-time data, automation, and integrated systems, finance teams can drive efficiency, reduce costs, and improve profitability.
SunSystems and UniFi provide the foundation for this transformation, ensuring that hospitality finance operations remain agile and competitive.
The future of finance in hospitality is not just about keeping up—it is about staying ahead.
Want to discuss your options and reduce your costs? Get in touch with our team.
