Revenue reconciliation is a constant balancing act for hospitality finance teams. With data flowing in from PMS, POS, OTA, and delivery systems, Evention has found that most hotels manage an average of 13 revenue streams across 4 different platforms.
When reconciliation relies on manual processes and disconnected systems, the result is more than just operational inefficiency. It opens the door to revenue leakage, compliance risks, audit exposure, and leadership distrust in the numbers.
According to Clari Labs, companies lose an average of 14.9% of their revenue to leaks, adding up to more than $26 billion in losses across 550+ organizations.
Evention helps hospitality teams solve this challenge through automation and financial precision. Below, we explore the five most costly reconciliation mistakes, and how to prevent them.
When reconciliation depends on spreadsheets and fragmented data sources, even the most experienced teams face delays, errors, and rework. Manual entry introduces risk at every step—whether it’s mistyped values, outdated reports, or overlooked discrepancies that snowball into larger issues over time.
According to PwC, finance teams spend roughly 30% of their time collecting data and reconciling it between systems. “They spend a lot of their time on activities that could easily be automated,” Marc says. That’s time diverted from strategic work like forecasting, scenario planning, or performance analysis.
Small entry mistakes don’t just slow reconciliation—they multiply across high transaction volumes, quietly eroding profitability. As data drifts, the link between services delivered and revenue realized becomes blurred, leaving leadership to make decisions based on an unreliable financial picture.
Meanwhile, highly compensated accounting professionals are left tracking down discrepancies rather than contributing to growth initiatives. And when those errors reach the guest, they lead to billing disputes, delayed payments, and reputational damage—fallout no hospitality brand can afford.
Disconnected tools make it nearly impossible to maintain a clean, reliable revenue picture. Data gaps between POS, PMS, OTAs, and delivery platforms often result in:
Gartner estimates poor data quality costs organizations an average of $12.9 million annually. For hotels, these inconsistencies erode the foundation for accurate forecasting and financial decision-making.
The lack of real time integration forces your finance teams to backtrack—slowing down cycles and increasing audit exposure.
In hospitality, timing is everything. But when revenue is earned in one period and recorded in another, it disrupts financial accuracy and stakeholder trust.
Timing mismatches are especially common when OTA reports are delayed, or POS systems don’t sync with accounting schedules. The result is:
OTA’s and delivery platforms are essential for guest and order volume, but they also introduce complexity. Without proper reconciliation, hotels risk:
Vima Patel, CEO of INNRLY and QHotels Management, described manual cross-checking of OTA statements as “labor-intensive and frustrating,” often leading to wasted staff time and morale issues.
As transaction volumes grow, these issues multiply—and without automation, they’re easy to miss.
The most dangerous reconciliation issue isn’t a single error, it’s a lack of internal control. When no one owns the process, and procedures vary across departments, it opens the door to:
ACFE reports that the typical organization loses 5% of its revenue each year to fraud, often tied to weak oversight.
Finance leaders can’t afford to run blind. Without consistent checks and ownership, reconciliation errors become embedded risks.
To minimize leakage, reduce risk, and improve financial performance, leading hotels follow these principles:
Total Recon is Evention’s hospitality-grade reconciliation platform, purpose-built to enforce everything listed above—automatically.
With Total Recon, hotels gain:
No more spreadsheets. No more backlogs. Just one platform that brings your full revenue picture together.
Stop the Revenue Drain Before It Starts
Every missed match, delayed posting, and unresolved discrepancy puts your revenue (and reputation) at risk.
Evention’s Total Recon platform gives finance teams the tools to:
Let’s turn reconciliation into a strategic advantage, not a manual burden.