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Budgeting & Forecasting
The MAX Hospitality budgeting and forecasting module incorporates unique features and powerful tools. The MAX Hospitality Budgeting Module helps you achieve a more proactive approach to management. You can create budgets and forecasts for multiple locations easily. Reduce your team’s time spent on data consolidation and more time responding to data trends and patterns.
Budget vs. Forecast
When you use the MAX Hospitality System, you have two independent tools to gauge performance. The budget is static and created annually. The budget is easily shared with third-party stakeholders, including banks and investors.
The forecast is dynamic and receives monthly or weekly updates to reflect changing business conditions. The forecast serves as an accurate tool in which the store’s operating performance is determined, taking current business conditions into account.