{"id":129638,"date":"2022-09-26T17:45:13","date_gmt":"2022-09-26T17:45:13","guid":{"rendered":"https:\/\/www.capgemini.com\/?post_type=client-story&#038;p=582971"},"modified":"2025-03-12T19:04:39","modified_gmt":"2025-03-12T18:04:39","slug":"four-seasons-reimagines-its-finance-and-accounting-function","status":"publish","type":"client-story","link":"https:\/\/www.capgemini.com\/se-en\/news\/client-stories\/four-seasons-reimagines-its-finance-and-accounting-function\/","title":{"rendered":"Four Seasons reimagines its finance and accounting function"},"content":{"rendered":"\n<header class=\"wp-block-cg-blocks-hero-reusable is-style-default header heroReusable  \"><div class=\"header-bgs\"><picture><source srcset=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=2880&amp;quality=70 1x, https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=2880&amp;quality=70 2x\" media=\"(min-width: 1500px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=1440&amp;quality=70 1x, https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=2880&amp;quality=70 2x\" media=\"(min-width: 992px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=1024&amp;quality=70 1x, https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=1024&amp;quality=70 2x\" media=\"(min-width: 768px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=768&amp;quality=70 1x, https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg?w=768&amp;quality=70 2x\" media=\"(min-width: 0)\"\/><img decoding=\"async\" src=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2021\/03\/ÎÚÑ»´«Ã½_Client-Stories_Four-Seasons.jpg\" class=\"header-img header-img-d\" alt=\"\" style=\"object-fit:cover;object-position:53% 37%\" loading=\"eager\"\/><\/picture><\/div><div class=\"heroPictureCardHeaderShape\"><\/div><div class=\"container\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"box\"><div class=\"boxTagWrapper\"><div class=\"tagInfo\"><div><span class=\"box-tag\">Client story<\/span><\/div><\/div><\/div><div class=\"box-title\"><h1 data-maxlength=\"34\">Four Seasons reimagines its Finance and Accounting function<\/h1><\/div><div class=\"inner-row-insight download-btn\"><div class=\"col-md-4 downloadFiles addPadding\"><a class=\"button-download--small\" type=\"download\" href=\"https:\/\/www.capgemini.com\/se-en\/wp-content\/uploads\/sites\/20\/2022\/09\/Four-Seasons-reimagines-its-Finance_and_Accounting-function-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><span>Download client story<\/span><span class=\"type\">954 KB  pdf<\/span><\/a><\/div><\/div><\/div><div class=\"infoWrapper \"><div class=\"row\"><div class=\"col-md-4\"><span class=\"fieldName\">Client: Four Seasons <\/span><\/div><div class=\"col-md-4\"><span class=\"fieldName\">Region:  Global<\/span><\/div><div class=\"col-md-4\"><span class=\"fieldName\">Sector: Hospitality and travel<\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/header>\n\n\n\n<section class=\"wp-block-cg-blocks-intro-para undefined section section--intro\"><div class=\"intro-para\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-1\"><nav class=\"article-social\"><ul class=\"social-nav\"><li class=\"ip-order-fb\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/www.capgemini.com\/se-en\/news\/client-stories\/four-seasons-reimagines-its-finance-and-accounting-function\/\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><i aria-hidden=\"true\" class=\"icon-fb\"><\/i><span class=\"sr-only\">Facebook<\/span><\/a><\/li><li class=\"ip-order-tw\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https:\/\/www.capgemini.com\/se-en\/news\/client-stories\/four-seasons-reimagines-its-finance-and-accounting-function\/&amp;text=Four Seasons reimagines its finance and accounting function\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><i aria-hidden=\"true\" class=\"icon-tw\"><\/i><span class=\"sr-only\">Twitter<\/span><\/a><\/li><li class=\"ip-order-li\"><a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/www.capgemini.com\/se-en\/news\/client-stories\/four-seasons-reimagines-its-finance-and-accounting-function\/&amp;text=Four Seasons reimagines its finance and accounting function\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><i aria-hidden=\"true\" class=\"icon-li\"><\/i><span class=\"sr-only\">Linkedin<\/span><\/a><\/li><\/ul><\/nav><\/div><div class=\"col-12 col-md-11 col-lg-10\"><h2 class=\"intro-para-title\">Four Seasons and ÎÚÑ»´«Ã½ targeted standardization, delivery excellence, change management, and automation to transform the organization\u2019s finance operations into an efficient and global delivery center<\/h2><p class=\"intro-para-content\"><strong>Client Challenge<\/strong> : Four Seasons wanted to enhance its existing, decentralized finance processes to drive efficiency and assign resources to higher value-added and guest-facing activities <br><br><strong>Solution<\/strong> : Four Seasons and ÎÚÑ»´«Ã½ implemented a delivery model to optimize, standardize, automate its finance processes, and create an efficient and effective multilingual delivery center <br><br><strong>Benefits<\/strong> : Reduced operating costs Improved information quality Enhanced customer experience Improved efficiency Platform for growth<\/p><\/div><\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-cg-blocks-group undefined section section--article-content section--story-content article-body\"><div class=\"article-main-content\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-11 col-lg-10 offset-md-1 offset-lg-1\"><div class=\"article-text article-quote-text\">\n<h3 class=\"wp-block-heading\" id=\"h-supporting-a-gold-star-hospitality-experience\"><strong>Supporting a \u201cGold Star\u201d hospitality experience<\/strong><\/h3>\n\n\n\n<p>Since its foundation in 1961, Four Seasons Hotels and Resorts has operated on the belief that every customer should not only be treated like a special guest, but in the way they would want to be treated themselves. This is a conviction that is deeply ingrained in the DNA of all Four Seasons employees and has remained unchanged as the organization has spread across the world. Building upon these values, Four Seasons continues to seek innovative ways to meet and exceed the expectations of its guests while earning recognition as a leading provider of luxurious hospitality experiences.<\/p>\n\n\n\n<p>This pursuit of innovation led Four Seasons to examine its existing global finance processes, where it discovered an opportunity to launch a transformation that would introduce an efficient and cost-effective global delivery model. To do so, the business decided to standardize its transactional processes across its individual hotels, ensuring greater reliability and accuracy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-transformation-journey-based-on-proven-success\"><strong>A transformation journey based on proven success<\/strong><\/h3>\n\n\n\n<p>Four Seasons partnered with ÎÚÑ»´«Ã½ based not only on its understanding of the presented challenges and their importance to the organization, but also its grasp of the emotional impact such a transformation would have on guests, vendors, and employees.<\/p>\n\n\n\n<p>Together, Four Seasons and ÎÚÑ»´«Ã½ began the journey to deliver finance and accounting processes from three delivery centers. This included accounts payable (AP), payroll administration, income audit, vendor payment and AP help desk support, general ledger reconciliation and analytics, and contract management. This approach focused on consolidating and standardizing transactional processes, followed by implementing automation to enhance the speed of operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-delivery-excellence-at-the-heart-of-transformation\"><strong>Delivery excellence at the heart of transformation<\/strong><\/h3>\n\n\n\n<p>The Four Seasons-ÎÚÑ»´«Ã½ team implemented five key solutions focused on delivery excellence:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Standardization of decentralized processes, resulting in improvement to the organization\u2019s overall efficiency<\/li>\n\n\n\n<li>Documentation of standard operating procedures and strict adherence that resulted in improvements to processing quality and end-customer satisfaction<\/li>\n\n\n\n<li>A governance model that addressed the organization\u2019s decentralization and partnered with Four Seasons\u2019 leaders to serve as a key contributor to success<\/li>\n\n\n\n<li>Change management ensured by effective communication with each hotel through regular connection and collaboration with Four Seasons team leaders<\/li>\n\n\n\n<li>Introduction of optical character recognition and incident management tool improved the business\u2019 turnaround time while robotic process automation (RPA) is also evolving gradually on key processes.<\/li>\n<\/ul>\n\n\n\n<p>Together ÎÚÑ»´«Ã½ and Four Seasons implemented standardization, effective documentation, a strong governance model, and change management, which led to greater efficiency and a better customer experience across all of Four Seasons\u2019 existing and new hotels.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-increased-process-efficiency-delivers-enhanced-business-outcomes\"><strong>Increased process efficiency delivers enhanced business outcomes<\/strong><\/h3>\n\n\n\n<p>ÎÚÑ»´«Ã½ and Four Season\u2019s growth-oriented solution and process standardization delivered a range of business outcomes, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An innovative pricing model that led to 80% straight-through processing<\/li>\n\n\n\n<li>Enhanced SLA compliance<\/li>\n\n\n\n<li>Improved data entry accuracy<\/li>\n\n\n\n<li>Auto onboarding support and day one support for new hotels<\/li>\n\n\n\n<li>Expansion of the income audit to 365 days a year<\/li>\n\n\n\n<li>Highly accurate and timely payroll<\/li>\n\n\n\n<li>More efficient workload and workforce management<\/li>\n\n\n\n<li>Enhanced contract management<\/li>\n\n\n\n<li>A stronger governance model.<\/li>\n<\/ul>\n\n\n\n<p>Following its successful transformation, Four Seasons has achieved faster, more efficient, and more effective transactional processes, resulting in greater responsiveness and an improved overall customer experience. In addition, by automating processes, the solution freed up property level teams to focus on strategic activities and business management, ensuring that they could constantly address issues directly related to their guests. The transformation of Four Seasons\u2019 transactional processes means new hotels can now be transitioned seamlessly using a plug and play transition methodology.<\/p>\n\n\n\n<p>By applying its proven experience with automation and business processes on top of Four Season\u2019s industry knowledge and expertise, ÎÚÑ»´«Ã½ ensured that its partner realized its transformation project\u2019s original goal: to give Four Season\u2019s guests an extraordinary experience every time they stayed at one of their hotels. By working together from start to finish throughout the project, ÎÚÑ»´«Ã½ and Four Seasons achieved a success that would have been impossible otherwise.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-collaborative-approach\"><strong>The Collaborative Approach<\/strong><\/h3>\n\n\n\n<p>By working together from start to finish throughout the project, ÎÚÑ»´«Ã½ and Four Seasons achieved a success that would have been impossible otherwise. The project combined ÎÚÑ»´«Ã½\u2019s flexibility and ability to manage largescale decentralized operations with Four Seasons\u2019 thorough knowledge of the hospitality industry to deliver a solution that provided its customers with a best-in-class experience. Deliver a solution that provided the customers with a best in class experience.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.capgemini.com\/se-en\/wp-content\/uploads\/sites\/20\/2022\/09\/Four-Seasons-reimagines-its-Finance_and_Accounting-function-1.pdf\">Download client story<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Four Seasons and ÎÚÑ»´«Ã½ transformed the organization\u2019s finance operations into an efficient and global delivery 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