advertisement
commercial

Three Hotel Companies Select Aptech PVNG Enterprise Accounting

Aptech - 8 August 2017
Aptech Computer Systems, a leading provider of hotel accounting software, hospitality enterprise accounting, budgeting, forecasting, and business intelligence systems, announced three hotel companies selected Aptech's PVNG Enterprise Back Office System. PVNG is a browser-based next generation enterprise hospitality accounting solution with a simple menu structure and easy to navigate platform. Click here for more on Aptech's products and services.Companies installing PVNG Enterprise Accounting include Stagewest Hospitality and The Colony Palm Beach. The companies operate a total of 10 properties.Stagewest Hospitality is implementing PVNG hotel accounting software at four hotels and its winery in British Columbia, Canada. "PVNG helped us reduce labor costs because it is easy to use and simple to learn. We realized a significant cost savings by creating a more efficient operation with a reduced accounting staff. Our guests are the most important part of our company. If I can move two people to our front desk from accounting it benefits our guests and our company," said Azaz Ahmed, MBA, controller of Stagewest Hospitality. "Aptech hosts our PVNG installations. We are hospitality professionals. With Aptech hosting our system we don't worry about our system operation, data security, and backups." Stagewest Hospitality properties include Stage West Calgary, Medicine Hat Lodge, and the Camrose Resort Casino.The Colony Palm Beach in Florida is live with PVNG this month. "We installed PVNG because it is easy to learn and use and developed specifically for hotel companies. This is a big advantage over generic financial systems. I have experience with Aptech's systems at other properties and trust its solutions," said Tammy Shoffstall, finance director of The Colony Palm Beach.Cam Troutman, Aptech vice president, said, "We leveraged 45 years of hotel accounting experience to build PVNG specifically for hotel companies. It supports one property or a large multi-brand, multi-property portfolio. PVNG uses the most current technology platform incorporating AP, GL, Statistics, Financials, and a Bank Reconciliation, all with easy to use, familiar browser navigation. We can also make it simple to become 11th Edition compliant by implementing our packaged chart of accounts and financial statements."Aptech Computer Systems is an IBM Premier Business Partner that offers Execuvue(r) web-enabled Business Intelligence, Targetvue Budgeting and Forecasting, and PVNG Enterprise Back Office systems that are 100% hospitality specific. Aptech is the only company that provides a complete suite of financial management and analysis solutions for the hotel industry. Aptech systems can be deployed in the cloud, or on-premise at the client location to support an entire hotel company's portfolio via the Internet for individual and consolidated back office operations and financial reporting. About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider and a Prophix Premier Business Partner.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include PVNG, Execuvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Top Hotel Management Company Implements Aptech's Execuvue(r) Business Intelligence System

Aptech - 20 June 2017
PITTSBURGH -- Aptech Computer Systems, a leading provider of hospitality enterprise accounting, budgeting, forecasting, and business intelligence systems, announced today that TPG Hotels & Resorts has deployed Execuvue Enterprise Business Intelligence System.TPG Hotels & Resorts is a top-ranked hospitality management company and fully accredited operator of the industry's most respected brands including Marriott (Starwood), Hilton, Hyatt, IHG and others."With a national portfolio of more than 50 hotels operating multiple brands coast to coast, it is essential that we have reliable tools for gathering real time hotel data in a seamless single-source manner," said Michael Brown, vice president of business intelligence for TPG Hotel & Resorts."Execuvue automatically gathers the hotel data from all our properties."It and enables us to easily create customized daily roll up analysis for our entire portfolio which streamlines the entire reporting process."Through Execuvue's powerful automation, the time needed to compile data should be greatly reduced and provide more time for thorough analysis and timely decision making." Aptech Computer Systems is an IBM Premier Business Partner that offers Execuvue web-enabled Business Intelligence, Targetvue Budgeting and Forecasting, and PVNG Enterprise Back Office systems that are 100% hospitality specific. Aptech is the only company that provides a complete suite of financial management and analysis solutions for the hotel industry.About TPG Hotels & ResortsPre-approved by all the leading global hotel brands, TPG Hotels & Resorts is an operator of hospitality assets across all chain scales with an historical operating platform of over 150+ branded, independent and boutique hotels comprising more than 25,000 guestrooms in 30 states. Today, TPG Hotels & Resorts is the 7th largest hotel management company in U.S. generating over $840 Million in annual revenue (ranked by guestrooms - Hotel Management Magazine 2016). TPG is a fully integrated hospitality management company actively engaged in hotel operations, renovations, development and acquisition/asset repositioning across the country. For more information please visit: www.tpghotelsandresorts.com.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus Partner and Premier Solution Provider, as well as a Prophix Premier Business Partner.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include PVNG, Execuvue, and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Glacier House Hotels Installs Aptech's PVNG Web-Based Enterprise Accounting

Aptech - 14 June 2017
PITTSBURGH - Aptech Computer Systems announced Glacier House Hotels completed conversion to the PVNG Enterprise Accounting hotel software system. Arizona-based Glacier House Hotels is a full service development and management company that currently operates six properties.PVNG is Aptech's next generation enterprise accounting hotel software solution that is deployed in the cloud.Aptech is the leading provider of hospitality enterprise accounting, budgeting and forecasting, and business intelligence hotel software systems. Click here for more on Aptech's products and services."Glacier House Hotels wanted to be one of the first hotel companies to convert from Aptech's Profitvue Accounting system to its new PVNG solution," said Ryan Kucker, Glacier House CFO."The conversion to PVNG was smooth and all our templates, chart of accounts, A/P vendors and historical information came over perfectly."PVNG is intuitive and easy to use. Our team only needed a few hours to learn the system."Kucker noted that PVNG is faster to navigate and convenient to use because it is web-based. "Aptech's team provided excellent training. We can do rollups for our hotels with consolidated reporting or individual property financials. I can go into the system and find what I need without having to use it every day. It is that simple to learn."PVNG is a totally new financial system with an easy to navigate architecture. The new system's robust functionality emerged from Aptech's legacy application, Profitvue, used by thousands of users.Cam Troutman, Aptech vice president, said,"We built PVNG from the ground up for the web based on Aptech's 45+ years of hotel accounting knowledge.""We used the most current technology platform incorporating AP, GL, Statistics, Financials, and a Bank Reconciliation, all with easy to use, familiar browser navigation." The PVNG system easily handles single or multi-property accounting, and is deployed as a hosted service, streamlining common daily accounting procedures and offering highly flexible reporting."Glacier House Hotels' core focus is the purchase, development and construction of hospitality projects," Kucker said."PVNG handles the enterprise accounting for our six properties very well with all standard reports including trend reporting and 'trailing 12.' We like the system." -Ryan Kucker, Glacier House CFO.Aptech Computer Systems is both an IBM and Prophix Business Partner offering Execuvue web-enabled Business Intelligence, Targetvue Budgeting and Forecasting, and PVNG Enterprise Accounting systems that are 100% hospitality specific.Aptech is the only company that provides a complete suite of financial management and analysis solutions for the hotel industry. About Glacier House Hotels Glacier House Hotels is headquartered in Scottsdale, Arizona. Our core focus is the purchase, development and construction of hospitality projects. Glacier consists of a team of entrepreneurial individuals who have been successful in all aspects of the hotel, retail and mixed use projects.The Glacier team has many decades of experience, knowledge and expertise in operating planning, development and construction of real estate, including years of experience with top tier hospitality brands such as Hilton, Marriott, IHG and Starwood. The Glacier principals played a major role with Tharaldson Hospitality, who built and operated more than 400 select service hotels since 1984 and sold 130 hotels to Goldman Sach's real estate arm, the Whitehall Real Estate Fund, in a transaction valued at $1.2 billion.Glacier expertise include development, construction, operations, sales and marketing, procurement, revenue management, risk management, finance and accounting, disposition, debt and equity, re-positioning, site selection and brand recommendations.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include PVNG, Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech Computer Systems Launches New Service-Focused Website

Aptech - 14 March 2017
PITTSBURGH - Aptech Computer Systems is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. It is a family business that was started over 45 years ago."We have a personal commitment to our clients and the hospitality industry." "We have a personal commitment to our clients and the industry to represent the best solutions and provide the most exceptional customer service available," said Jill Wilder, Aptech vice president.New Website Offers a Personal Look. Find Your Support Person. "Our new website highlights our professional services and offers a personal look at Aptech, its systems, and our team.""Our people make us the most trusted solutions provider in the industry." Click here for more on Aptech's products and services.Aptech's Solutions are 100% Hospitality-Specific. Aptech Computer Systems offers:Execuvue(r) web-enabled Business Intelligence,Targetvue Budgeting and Forecasting, andProfitvue(r) and PVNG Enterprise Accounting systems.All are 100% hospitality specific.Aptech is the only company that provides a complete suite:Financial management and analysis solutions for the hotel industry.Aptech's new website is mobile optimized and includes many report examples."We also share new photos of our team members. Now you can see what your support person looks like.The new website is mobile optimized, easy to read and uses fewer words to clearly describe solutions and services."Aptech's Core Team Members create hotel technologies that drive clients' profitability."We give visitors a variety of illustrations showing in detail what our solutions provide," said Wilder. "We are also pleased to share a glance at some of the core members of the Aptech team who create the hotel technologies that drive our clients' profitability.Aptech is one of the few hospitality solutions companies that offers 24/7 support from a North American-based team of hotel professionals."Now when clients call, they can put a face with the voice. This brings our clients closer to the support person helping them."Case studies, client references let hoteliers talk with other operators for real world feedback. Wilder said the new site displays a number of client references and case studies. "We want our work and clients to speak for us. This gives hoteliers evaluating business intelligence, budgeting and forecasting, and enterprise accounting solutions an opportunity to talk with operators like themselves for real world feedback."The new site also provides links to Aptech's social media channels for fast access to current company activities.Aptech values human relationships and applies its technology to solve complex business problems for people.It recognizes that each hospitality industry professional views accounting and operations differently. More than 3,500 properties rely on Aptech's solutions. The company delivers customized, web-enabled solutions that can fit any operating requirement.
commercial

Lightstone Installs Aptech's Execuvue(r) Business Intelligence

Aptech - 8 February 2017
PITTSBURGH - Aptech Computer Systems announced that Lightstone, a national real estate investor/developer, installed Aptech's Execuvue Business Intelligence System.Lightstone broad hospitality portfolio operates more than 3,800 keys in 7 states. Its current portfolio emphasizes select services hotels, branded by Marriott, Hilton, IHG, and Starwood. Aptech is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services.Lightstone needed to automate property data gathering and analysis for 32 properties. "We buy properties to grow our portfolio and we were building new Moxy hotels," said Marc Dober, Vice President - Asset Management, Hospitality at The Lightstone Group."As we grew it became more difficult to oversee our operation and asset performance."Execuvue enables next-day performance reporting to Lightstone's investors and management. "We wanted a robust hotel software system to automate property information gathering and analysis, one that could provide next-day performance reporting to Lightstone's investors and management. Execuvue enables us to do this."Lightstone implemented the Execuvue Business Intelligence System in 4Q 2016. Execuvue automatically integrates data from Lightstone's Marriott, Hilton, IHG and other properties daily and creates custom flash reports to save time.Lightstone also uses Execuvue for financial analytics from P&Ls.Lightstone optimizes market strategies. Compares STR STAR Reports and property performance data.In addition, Lightstone utilizes Execuvue to collect Smith Travel Research STAR report information on regional market dynamics, and correlate it with property performance data to optimize market strategies.Execuvue enables faster goal achievement for hotel companies of any size.Execuvue is Aptech's IBM Cognos-based ASP enterprise hospitality business intelligence hotel software application that enables faster goal achievement for large and small hotel companies.Lightstone puts its Execuvue property data to work across a number of financial and business processes."We often develop underwriting pro forma performance analysis reports on properties we are evaluating for investment," Dober said. "We run several different Execuvue reports on our new properties.""We review a pre-purchase report on expected property value and return.""If we buy a property we compare its actual performance with its earlier underwriting numbers.""Execuvue is also a good tool for evaluating our management companies to see why a hotel exceeded forecast or underperformed."Aptech hosts Lightstone's Execuvue system and data from its secure network operations center.Remote hosting greatly reduces Lightstone's total system costs. It eliminates the need for additional hardware and data servers and their associated corporate and hotel software.Hosting by Aptech also off-loads system setup, management, and support duty so Lightstone can focus on revenue generating activities. "I login with a secure username and password and our data and reports are easily accessible. I worked with Aptech at two other hotel companies. They are a team of hospitality experts that do a great job," added Dober. About LightstoneLightstone, founded by David Lichtenstein, is one of the most highly-regarded and diversified private real estate companies in the United States. Operating in all sectors of the real estate market, Lightstone's $2 billion portfolio (in 26 states) currently includes over 6 million square feet of office, retail and industrial commercial properties, 11,000 residential units and 3,800 hotel keys. It also owns over 12,000 land lots across the country. Headquartered in New York City, Lightstone continues to grow its local presence with $2.5 billion worth of projects currently under development in the residential and hospitality sectors.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

American Liberty Hospitality Makes Owner Profitability Job One

Aptech - 12 December 2016
PITTSBURGH - Nick Massad, Jr. and his wife Vicki purchased American Liberty Hospitality 26 years ago on a foundation of service to its owners and investors. They worked hard, hired good people and treated every penny as if it were their own. Today American Liberty Hospitality (ALH) operates 20 properties with Hilton, IHG and other flags in Texas and Louisiana. The company is a real American success story.Nick Massad, Jr. started in the hotel business as a bellboy to help put himself through college. At graduation he took a job with American Liberty and worked his way up to general manager. He and his wife acquired ALH in 1990 when the company's owners decided to leave the hospitality industry. They never looked back.ALH began with limited service properties. They expanded to more and larger properties because it delivered solid results for its owners, "Today, we operate our 20-property portfolio for multiple owners and investors. We are price conscious operators," said Craig D. Kaplan vice president of corporate operations for ALH. "Our management and development decisions are based on owner wellbeing regardless of property or brand. We manage each property as if the owner is us."American Liberty's portfolio growth quickly revealed that its financial system was unable to provide detailed property performance reporting. Kaplan said. "As we expanded it was clear that our financial system was not designed for multi-property operations." ALH's owners wanted timely performance reports and the company's executive team wanted greater visibility into daily property operations for decision making. ALH was manually entering property audit numbers into Excel to track management-decision impact on revenue and expenses. It was too much work. "ALH's success triggered our search for stronger hotel-specific accounting, forecasting, and business intelligence systems to help us hit our property goals."ALH spoke to several hotel companies about their financial and operational software before selecting Aptech Computer Systems' hotel software. ALH installed Aptech's entire suite of products, Profitvue(r) enterprise accounting, Execuvue(r) Business Intelligence (BI), and Targetvue Budgeting and Forecasting. "Timely Business Intelligence analysis is essential for any hotel company that manages by the numbers to reach its goals," Kaplan said. "With Aptech we do same-day performance reporting." Profitvue automatically collects property audit data and seamlessly flows it into Execuvue for analysis and a variety of ownership and management reports."Aptech's Execuvue definitely makes our operation more efficient. This benefits our owners," Kaplan said. "We provide actionable property performance analysis reports whenever needed. The system lets us identify and act immediately on issues that may affect profitability. These hotel software financial tools make us proactive managers who are able to intelligently achieve our owners' goals. Now we optimize property performance with strategies based on actual performance."Aptech was also a factor in other areas of American Liberty's business. "As ALH evolved with the new financial platform we found more highly qualified executives to join our team," he said. "We changed from a small company with staff who knew how to audit a hotel, to a group of management professionals who understood how to put BI data to work for owners." ALH uses Aptech's Targetvue to smoothly create efficient and accurate budgets and forecasts. The company communicates property financials with Profitvue Enterprise Financial Accounting and Webvue(r) remote access to instantly communicate between properties and ALH's corporate offices. Aptech's systems may be premise-based or remotely hosted. Aptech hosts American Liberty Hospitality's systems and data at its secure network operation center."Aptech's people have a wealth of hotel operations experience based on their work with hundreds of companies," said Cindy Decker, Vice President of Revenue Management for Houston-based American Liberty. "We meet with them to brainstorm strategies and create goals for the next 12 months. Our objective is to leverage the best technology to create the greatest profitability for our owners."Kaplan agreed, saying, "Prospective owners are impressed by how we use Aptech's solutions to create a highly effective management process that delivers a profit. Aptech is not just a vendor to us, it is a partner. We have a collaborative relationship and that creates success for our owners and all others involved."Aptech is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services.About American Liberty Hospitality American Liberty Hospitality (ALH) is a family owned and operated, hotel management and development company. Led by owners Nick and Vicki Massad, the company is incredibly passionate about all aspects of the hospitality industry. Its focus is always on people; the guests it's privileged to serve, the team members who make that possible, and the investors with whom ALH is proud to partner. Its senior management at the corporate level average 20 plus years of tenure with ALH and its hands-on approach to daily operations yields tangible, positive results. As hotel operators at our core, ALH has also been very successful at developing new construction projects for many years. Most ALH executives are graduates of The Conrad N. Hilton College, University of Houston.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Eight Companies with 175+ Properties Sign to Implement Aptech's Hotel Software Solutions

Aptech - 2 November 2016
Aptech Computer Systems announced it signed agreements with 8 hotel companies with a total of 175+ properties in the past six months. Six companies integrated and centralized multi-brand data collection and analysis with Aptech's Execuvue business intelligence hotel software. Other operators installed Profitvue(r) enterprise back office and Targetvue budgeting and forecasting for faster response to market and business fluctuations. Aptech's PVNG browser-based back office system is in use by several companies and will be released in the coming months. Aptech is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services.Execuvue delivers robust multi-brand analysis for ownership reporting"Pinnacle Hotel Management will implement Execuvue Business Intelligence for its 26 Hilton, Marriott and independent properties. Execuvue will deliver more robust performance reporting across our portfolio that many of our owners require for their business accounting," said Felicia Matula, Pinnacle CFO.Angielyn Cruz, director of finance for The William Vale, is pleased to report, "We installed Profitvue to manage pre-opening accounting and use it now for all property financial processes. The system is specifically designed for hospitality companies, and Aptech customized our chart of accounts for The William Vale's unique operations." Aptech also interfaced The William Vale's purchasing and property management systems with Profitvue hotel software to simplify accounting processes."The most important thing at Aptech is our clients' success," said Kim Sieminski, Aptech sales manager. "Our entire team welcomes our new clients to the Aptech family. We recognize that our success comes from their success and we are proud to be a part of it."Execuvue is Aptech's IBM Cognos-based enterprise hospitality business intelligence application that enables faster goal achievement for large and small hotel companies. Targetvue is Aptech's hospitality-driven budgeting and forecasting solution. Aptech joined forces with PROPHIX to develop a totally new budgeting and forecasting application fully-integrated with its Profitvue accounting and Execuvue business intelligence systems. Targetvue eliminates the need to correct and recombine multiple spreadsheets for consolidating and reporting. Profitvue is a widely used thin-client, Internet-enabled enterprise back office solution that easily handles single or multi-property and multi-company accounting. It incorporates accounts payable, general ledger, statistics and financials. All of Aptech's hotel software solutions are available as an ASP service or on a licensed basis. "Aptech's PVNG accounting system is a "game changer" in the world of hotel accounting. Built from the ground up for the web, we've taken Aptech's 45+ years of hotel accounting knowledge and put it on the most current technology platform. The user experience is simple and clean and has the features and functions that hoteliers expect from Aptech. We are very excited about this application," said Sieminski.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

The William Vale Installs Aptech Computer Systems

Aptech - 12 October 2016
Pittsburgh, PA - Aptech Computer Systems announced that The William Vale, in Brooklyn NY, installed Profitvue to manage financial processes and property accounting. The visually-striking 183-room William Vale is a new-build property that opened in summer 2016. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services."We installed Profitvue to manage pre-opening accounting in December 2015 and use it now for all property financial processes," said Angielyn Cruz, director of finance. "The system is specifically designed for hospitality companies and Aptech customized our chart of accounts for The William Vale's unique operations." The property interfaced its purchasing and property management systems with Profitvue for streamlined accounting processes.The William Vale rises 21 stories and offers breathtaking views, an elevated public green space, a roof lap pool, and adds a vibrant mix of retail and restaurants to Brooklyn's thriving North Williamsburg neighborhood. "We implemented a hospitality standard chart of accounts that Aptech customized for The William Vale's operation. Aptech's support team is particularly helpful because they are all hotel professionals."Profitvue is a widely used Internet-enabled enterprise back office solution that easily handles single or multi-property accounting, and incorporates accounts payable, general ledger, statistics, and financials. Profitvue is available as an ASP service or on a licensed basis.Sam Costa, Director of Customer Support with Aptech Computer Systems, said, "The hotel industry is in a period of rapid change. Many companies added properties by acquisition and new-build in 2015 and 2016. This kind of rapid growth lifts operators to a level of operations where their manual accounting needs to be replaced with an enterprise back office solution. Many operators are implementing Aptech's enterprise financial systems and safeguarding their data at Aptech's hosting facility. Aptech hosting takes the burden of data security and system updates off hotel company's hands and frees its team to focus on its operation."About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Measuring The Value of Forecasting Accuracy in Today's Evolving Hotel Market

Aptech - 6 September 2016
The hospitality industry is expanding rapidly. Hotel companies break ground on new build projects every week. Many operators are renovating older properties and reopening them as new brands from Marriott, Hilton, IHG and others. This expansion is based on investor capital; and investors demand a return. How do management companies deliver this return? Profitability."Forecasts provide extended vision to anticipate financial results on both top and bottom line, enabling hotel operators to make operational adjustments," says Chief Information Officer for Concord Hospitality Brian Cornell. "Owners have a heightened expectation that technologically sophisticated, high performing operators have the awareness, tools and resources to aggressively target additional top-line revenue opportunities if a shortfall is anticipated. They also expect operators to proactively manage operational expenses and labor costs to protect profit flow-through." Concord operates more than 90 properties that include Marriott, Starwood, Hyatt, Choice, IHG, and Hilton brands for multiple ownership entities. Concord Hospitality uses the Targetvue Hotel Forecasting and Budgeting Solution from Aptech Computer Systems.Highpointe Hotel Corporation operates 15 flagged properties with two under construction. "Creating forecasts for multiple properties is a complex process. In the past Highpointe used Excel to manually build forecasts, but we were not satisfied with the process," said Mark T. Pate, Sr, assistant controller/IT director of Highpointe Hotel Corporation. "We automated our hotel forecasting and budget processes a year ago when one of our ownership groups required line item hotel forecasting, which we felt was impossible with Excel spreadsheets. They also wanted to know where the hotel would finish its year at any point in time on a line-by-line basis. Again, this is nearly impossible to keep current with a spreadsheet. We do this today with an automated hotel forecasting system that lets us manage by the numbers to optimize profitability. It also delivers the reporting our owners want." Highpointe Hotel Corporation also makes use of the Targetvue Forecasting and Budgeting Solution from Aptech.Accurate, continuously updated forecasts are essential to optimizing operations for owner profitability. Concord uses its forecasting system to generate 'business drivers' as an operations roadmap. "A driver is a specific measurement we create in Targetvue, such as percentage of revenue from a market segment or the number of housekeeping hours per room," said Cornell. "For example, we use the cost of per-occupied-room expenses as a driver. Our system automatically applies the updated topline forecast against the driver's actual expenses. The system self-maintains the strategy we establish and reports daily. This enables us to manage a property effectively to plan. Our ability to forecast with Targetvue is much better and our 'crystal ball' is much larger. We see further out more accurately."Accurate forecasting also demonstrates value with its impact on revenue generation. "When a property has a continuous performance-based forecast for the coming period it can adjust rates and marketing to meet revenue requirements," said Jill Wilder, Aptech vice president. "By refining rates and offering promotions an operator can increase occupancy and overall revenue for a better finish to the fiscal year."The value of forecasting is in more than accuracy. An automated forecast that gets daily updated performance data from property operations is like a continuous 'pulse meter' that compares actuals against plan. This 'living' forecast projects today's numbers into the future. This gives operators the ability to manage a business to plan day by day for the greatest profitability. "With an automated forecasting and budgeting system like Targetvue, the numbers come in each night and the system projects how each period's performance will compare to plan," said Wilder. "This information enables managers to quickly adjust daily operations and processes without waiting to month end."Many operators also use Targetvue to compare current period and forecast to the same period last year. "The ability to compare the current forecast with the same time last year is valuable because operators can easily see trends that created last year's performance," Wilder said. "Imagine if your forecast dictates a certain ADR is required to meet plan, but this time last year occupancy trended downward. An experienced manager might meet with his or her revenue manager and sales team to adjust rates, create short term promotions, or call group prospects to generate business. A comprehensive forecasting system will include last year's line item metrics for specific market segment performance. This also gives the sales team guidance on which markets have the highest revenue potential."The operational value of automated forecasting is equally clear. Pate at Highpointe said, "Our team was not able to efficiently create solid forecasts for all its properties. With Targetvue, property budgets reside on our server and are accessed by property managers online. We have greater confidence in our numbers because the formulas are secure and cannot be overwritten." Now each Highpointe property works on its own forecast and is easily reviewed by the corporate executive staff. "Besides being more efficient and more accurate, there is 'one version of the truth.' The result is that our managers have current, more accurate forecasts on which to base their business strategy."In addition to profitability, owners also want timely accurate forecast on which to base their investment plans and cash flow. "Forecast accuracy is key for Concord to manage owner expectations," said Concord's Brian Cornell. "Our owners receive forecasting reports in addition to their financial reports. Targetvue's reports are flexible and let us customize information for each customer who receives the information. Automated budgeting combined with our business intelligence system gives us the ability to provide daily hotel forecasting that helps property ownership see further ahead and plan more accurately for the future."About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Concord Hospitality Positions for Future Growth

Aptech - 28 July 2016
Concord Hospitality increases its portfolio size yearly providing excellent service and profitable results to ownerships. The company operates a portfolio of more than 90 properties that include Marriott, Starwood, Hyatt, Choice, IHG, and Hilton brands. In 2015 Concord implemented a new data analysis, budgeting and hotel forecasting system to support its continued growth strategy.Concord's Chief Information Officer Brian Cornell said, "Accurate forecasts and budgets are essential for property profitability. Concord recently replaced its Excel models with the Targetvue Budgeting/Forecasting solution from Aptech Computer Systems. We took Excel to its limits. It is a powerful tool and we had intricate models, but Excel is not scalable for a company of our size. Targetvue reshaped Concord and positioned us for further growth. Today we are nimble and respond to changes in revenue and expenses faster."Forecast accuracy is key for Concord to manage owner expectations and ensure properties operate to budgeted performance. "With Targetvue, changes in top-line revenue forecasting automatically adjust related expenses and make expense forecasting more automated for the hotel teams." Cornell said. "Targetvue data recipients are our corporate executives, accounting teams, hotel leadership teams, revenue managers, and owners. Reports are flexible and let us customize information for each customer who receives our reporting. Targetvue combined with our Execuvue(r) business intelligence system gives us the ability to provide daily hotel forecasting reports for our owners and Concord executives."Concord's Senior Director of Business Applications Ting Hu explained why hotel forecasting accuracy is essential. 'When property managers see they will not achieve their expected profitability, they can easily identify the areas where they must refine expenses thanks to Targetvue's general ledger level expense detail. Our properties now have the opportunity to make adjustments based on an accurate forecast to maintain profitability."General Manager's hotel forecasting accuracy is important to Concord's growth strategy. "We measure and report forecast accuracy so that GMs can fine-tune their forecasting skills," Cornell said. "We distribute a 'Forecast Dashboard Report' to managers that shows how well they are at forecasting against actual results over a rolling time period."Concord's Executive Vice President of Development and Operations receives a daily report that shows how properties are tracking against budget by various thresholds. "General Managers get hotel-specific reports updated three times each day," Hu said. "Forecast and budget changes are visible in Targetvue immediately. General Managers have the ability to run reports in Targetvue to perform further analysis. Concord uses its intranet to distribute rollup and dashboard reports for its Regional VPs of Operations and to the properties. The reporting is 'hands-off' and fully automated."Concord also employs Targetvue 'business drivers' as a forecasting tool. "A driver is a specific measurement, such as percentage of revenue or housekeeping hours per room," Cornell said. "For example, we use the cost of per-occupied-room expenses as a driver. Targetvue automatically applies the updated topline forecast against the relevant expenses. The system self-maintains the strategy we establish. Our ability to forecast is much better and our 'crystal ball' is much larger. We see further out more accurately."2017 will be year two of automated Targetvue forecasting. "Next year our budget numbers will be pre-populated for the coming year. This will save even more time," Cornell said. "General Managers will no longer be creating budgets from scratch, they will be tweaking budgets. As strategies develop, we can easily run multiple 'what-if' scenarios to help operations reach the best decision to maximize performance."Cornell takes a 50,000-foot view of Concord Hospitality operations and future growth. "Budgeting and forecasting are not a 'one size fits all' process. Our selection and implementation of Targetvue was exhaustive. We vetted systems and eliminated several other products. The project was extensive and intricate. Fortunately, Aptech understands hospitality and multi-property enterprise operations. They went the extra mile to help Concord develop a custom model and create processes and reports that deliver value to our ownership and management."Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services.About Concord Hospitality Enterprises Company As an award-winning hotel development, ownership and management company, Concord Hospitality Enterprises Company has spent the last three decades partnering with owners and its investors on more than $1 billion in in premium branded properties across the United States and Canada. As an operator, both for third party owners and partners, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and a hands-on involvement to ensure long-term profitability. In every interaction you'll find that the Concord Cornerstones ring true: Quality, Integrity, Community, Profitability and Fun. Learn more at concordhotels.com.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech Computer Systems Launches Mobile Targetvue for Company Performance Access at HITEC

Aptech - 20 June 2016
Aptech Computer Systems will launch the newest version of its Targetvue Budgeting and Forecasting system at HITEC 2016, booth 719 in New Orleans. The latest Targetvue version provides an intuitive look and feel for the enterprise budget and forecast system. Aptech will also demonstrate its PVNG enterprise back office system with graphical user interface that simplifies hotel accounting. Aptech is the leading provider of hotel management software for business intelligence, budgeting, and enterprise financial accounting. More than 4,500 properties and hotel corporations standardize their financial accounting and decision making on Aptech hotel management software solutions. Click here for more on Aptech's products and services."The latest Targetvue version gives hotel company managers remote and mobile internet access to their property and corporate budgets and performance data anywhere," said Jill Wilder, Aptech vice president. "The system is based on the powerful new Prophix web platform. New features include self-service dashboards for fast data access. The system also offers universal browser accessibility via Chrome, Firefox, Internet Explorer, Edge and Safari for remote/mobile executive access to company performance."Aptech will also demo its PVNG Enterprise Back Office System. The accounting software is compliant with the 11th edition of AHLA's Uniform system of accounts for the Lodging Industry. "PVNG is built from the ground up for the web," said Troutman. "Company data and the system itself may be hosted by either Aptech or a hotel operator. The new system handles transactions and posting fast and easy. PVNG is a compact enterprise accounting system that is easy to learn and use. It is feature rich to accommodate the accounting needs of virtually any hotel company."About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Family-Owned MHG Hotels Grows by Watching Its Numbers

Aptech - 8 June 2016
MHG Hotels is a family business success story. The owner-operator started with one motel, and now operates 11 properties that include Wyndham, Marriott Courtyard and Springhill Suites, Holiday Inn and Choice brands. "We were doing well small, but the time was right for the Patel family to grow with brands," said Gary Maass, director of operations for MHG Hotels LLC. "We wanted a bigger view of the hotel industry and to expand our place in it. Hospitality is growing and we are growing with it."Sanjay and Ranjan Patel founded MHG 20 years ago and continue to operate the company today with the help of their two sons. "It is fantastic to be adding two hotels this year," Maass said. "As MHG grew, the family brought me on to oversee operations. My focus is gathering accounting and performance data from our properties, analyzing the hotel data and getting the information to our team so we can manage by the numbers. I use a BI system to do this."Two years ago MHG installed the Execuvue Business Intelligence (BI) system from Aptech Computer Systems to support its expansion. "Our growth reached a point where Excel spreadsheets were no longer effective to track the performance metrics we use to measure the health of our hotels. It took a long time just to get the hotel data, let alone analyze it. For example, before we transitioned to BI, I had to open 55 files to get my property payroll reports. Today our BI system automatically gathers data from our properties via interfaces to our Hilton, Marriott, IHG and Choice property management systems (PMS) as well as our time and attendance systems. Now I open one Execuvue file to see everything in minutes."Part of being a successful small operation is controlling expenses. "We tapped Aptech to host our BI system from their secure data center. This reduces our hardware and labor costs since MHG does not need an IT department," Maass said. "Aptech processes our information, creates and supports our reporting and manages our data. We do not need a big budget to benefit from Execuvue."MHG uses specialized reports for individual property analysis and portfolio rollups. "Our 'E report' is a custom company accounting sheet with hotel data for revenue, profit center performance, expenses, occupancy, ADR and other measures. In the past, managers had to manually key in the numbers from our Marriott, Hilton and other brand reports," Maass said. "Today, our BI automatically populates the same familiar E report with accurate property numbers, including payroll, every day. Our reports are pure information that helps us be a stronger company and make better decisions faster. We are a small company that uses big tools."Controlling labor costs is important to MHG. "We hold our GMs accountable for labor expenses," Maass said. "Execuvue pulls data from property time and attendance systems and formats it for instant use. We receive updates each night and the labor report goes back 28 days. If someone makes a change to the previous period, the report updates automatically. Aptech helped us make these reports exactly what we wanted. Having our own familiar reports makes the BI information easy for our staff to use as we add properties."MHG is developing an expanded 'daily flash' report with year-over-year comparison of revenue, labor dollars, RevPAR and other measures to identify trends. "We will grab the information from PMSes, put it into an easily understood format, and send to properties," Maass said. "This will show who is performing and how well. Execuvue also rolls up our numbers for all properties for a high-level ownership view. We want to focus on labor. This is a top priority since it is a property's largest expense."Company growth is a new way of life for MHG Hotels. "We have a healthy development pipeline," Maass said. "Execuvue makes it easy to add new hotels to our BI process as we open properties. We will continue to operate as a family business because we have the systems to manage better by the numbers."Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services.About MHG HotelsMHG Hotels is one of the largest privately owned progressive companies specializing in providing investor and career opportunities, development, construction, and management services. Founded in humble beginnings with one hotel over two decades ago by Sanjay and Ranjan Patel, the company has matured into developing and operating over 30 hotels. For more information please click here.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech Computer Systems Adds Office Space and Staff to Serve New Clients

Aptech - 28 January 2016
Aptech Computer Systems announced that it added new office space and increased staff to support the growing number of hotel companies that implemented its Targetvue Budgeting and Forecasting, Execuvue(r) Business Intelligence, and Profitvue(r) and PVNG Enterprise Accounting systems. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services."The economic recovery has been beneficial for all segments of the hospitality industry," said Cam Troutman, Aptech vice president. Troutman noted Aptech's solution licenses grew by 42% while it increased its staff 30% and added new office space. "A large number of hotel companies expanded their portfolios. This expansion often requires new enterprise accounting, BI and budgeting systems to manage growth. Many of the most successful operators implemented Aptech's Targetvue, Execuvue and Profitvue systems to maintain the profitability of their larger operations."Privately-held Aptech Computer Systems was founded in 1970 to provide technology solutions to automate operations and financial processes for hotel companies. Today, Aptech is an IBM Business Partner and Prophix Independent Software Vendor that develops and supports web-enabled business intelligence, budgeting, and back office systems that are 100% hospitality specific. The company's systems are used by more than 3,500 properties operated by hundreds of hospitality companies.Aptech's Execuvue(r) business intelligence system enables large or small hotel companies to dynamically analyze their data with drag and click simplicity. Profitvue(r) and PVNG are widely used thin-client, web-enabled hospitality back office solutions for single or multi-property accounting. Targetvue is a hospitality-driven budgeting and forecasting solution. Aptech's solutions enable hotel companies to be proactive operationally and financially.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech to Provide Budget/Forecast Leadership Session

Aptech - 14 October 2015
Aptech Computer Systems announce that on October 15 it will provide a thought leadership session on Hospitality Budgeting and Forecasting for international Corporate Performance Management (CPM) leader Prophix. Aptech is the leading provider of hospitality software for business intelligence, budgeting/forecasting, and enterprise financial accounting. Prophix serves more than 2600 companies in 92 countries with its CPM software that automates important financial and operational processes that reduce risks to make companies more profitable. Click here to register to attend Aptech's Hospitality Budgeting and Forecasting session."Accurate budgets and forecasts are the roadmaps for any successful business. Prophix is an Aptech partner and respected worldwide for its comprehensive CPM software solution that empowers business users. Aptech's Targetvue Budgeting and Forecasting solution utilizes the Prophix platform to automate processes for hotel companies so they can proactively respond to changes that affect profitability," said Jill Wilder, Aptech vice president. "In 2011 Aptech partnered with Prophix to develop Targetvue. Based on Aptech's 45 years of hospitality experience, Prophix asked us to deliver a 'Coffee Talk' presentation on hotel industry budgeting and forecasting to their audience." Click here for more on Aptech's products and services.The Aptech 'Coffee Talk' session can be accessed on the Prophix website on October 15. The presentation will include discussions of:Dynamic updatesCustom TemplatesHospitality data importsWorkflow to manage budgetsData securityDriver based metrics.Aptech's Targetvue budgeting and forecasting application is fully-integrated with its Profitvue(r) accounting and Execuvue(r) business intelligence systems. Targetvue provides 'one version of the truth' throughout a hospitality organization. Targetvue's web-based Prophix platform employs a hospitality-specific user interface for accuracy and ease of use and eliminates the need to distribute and import multiple spreadsheets for consolidating and reporting.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,500 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech Selected by Coastal Hotels, Margaritaville Hollywood Beach Resort

Aptech - 15 September 2015
Aptech Computer Systems announced Coastal Hotels with 4 properties in the western US selected Execuvue(r) Enterprise Business Intelligence and Targetvue Budgeting and Forecasting. Margaritaville Beach Resort will also install Aptech's Profitvue Enterprise Financial Accounting for its 349-room destination property in Hollywood, FL. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services."The hospitality industry is strong and growing. As hotel companies add properties, understanding their cash flow and profitability are more important," said Cam Troutman, Aptech vice president. "Same-day performance reporting and analysis are essential. Hundreds of multi-property and standalone operators rely on Aptech's financial tools to support expansion and decision making."Seattle-based Coastal Hotels selected Aptech to provide the Execuvue(r) Enterprise Business Intelligence System and Targetvue budgeting and forecasting solution. Execuvue automates the daily data collection from multiple entities and enables operators to create and monitor important KPIs. The system delivers a huge business advantage that helps companies reduce costs, improve labor efficiencies, and increase profitability.Targetvue is Aptech's hospitality-driven budgeting and forecasting solution. Aptech developed a budgeting and forecasting application fully-integrated with its Profitvue accounting and Execuvue business intelligence systems. Using its hospitality driver for accuracy and ease of changes, Targetvue provides one version of the truth throughout the organization. Targetvue eliminates the need to distribute and import multiple spreadsheets for consolidating and reporting.The 349-room Margaritaville Hollywood Beach Resort will install Aptech's Profitvue(r) Enterprise Back Office System. Profitvue is a widely used Internet-enabled enterprise back office solution that easily handles single or multi-property and multi-company accounting, and incorporates accounts payable, general ledger, statistics, and financials. Profitvue is available as an ASP service or on a licensed basis.About Coastal HotelsCoastal Hotels is an innovative hotel hospitality management company specializing in distinctive upscale hotels, resorts, inns, and lodges. Established in 1987, the Coastal portfolio currently consists of independent boutique lodging properties - Cedarbrook Lodge, an award-winning conference and leisure hotel in Seattle; Semiahmoo Resort, Golf, and Spa, an iconic seaside destination in Blaine, WA.; Lodge on The Desert, a historic southwest urban retreat in Tucson, AZ; and Heritage Inn with colonial charm in Bellingham, WA. For more information about Coastal Hotels, visit http://www.CoastalHotels.com.About Margaritaville Hollywood Beach ResortInspired by the lyrics of Jimmy Buffett, the all-new, 349-room Margaritaville Hollywood Beach Resort is a full-service oceanfront resort and entertainment complex offering amenities and services that create the perfect setting to escape the everyday. Conveniently located on South Florida's legendary Hollywood Beach Broadwalk in Hollywood, Florida, the destination resort features multiple waterfront venues, including eight diverse restaurant and bar concepts, a full-service spa, a recreational area with three pools, a FlowRider(r) Double, live entertainment and more. With this extensive array of amenities and a high level of hospitality, service and attention to detail, the 17-story property brings an entirely different vacation experience to South Florida. Plan a visit today!
commercial

Highpointe Hotel Corporation Merges Property Performance Data on 3-System Platform

Aptech - 9 June 2015
By Cam Troutman, Vice President of Aptech Computer SystemsIt is said that adversity can bestow unexpected benefits. This was the case 16 years ago when Highpointe Hotel Corporation searched for a new back office accounting system to weather the dreaded Y2K bug. The worldwide millennial computer meltdown never materialized. But Highpointe's vendor search resulted in a "successful long-term relationship" with Aptech Computer Systems that is still going strong, says Mark Pate, Highpointe's assistant controller/IT Director. Highpointe is a full-service hotel management and development company based in Gulf Breeze, Florida. It operates 15 properties in Alabama, Florida, and Louisiana. As Pate tells the Y2K story, "With the millennium approaching, we discovered that our old vendor didn't even have a software patch for our back office system. That is when we first met with Aptech." 'Aptech is more of a strategic partner than a vendor' "We were impressed from the start with Aptech's conversion of our old DOS-based back office software to the Profitvue(r) solution," says Pate. "Aptech created a custom program that even imported our third-party vendor data. They did everything possible to make our transition easy. Aptech knows the hotel industry and its systems are hospitality-specific. The company's business philosophy aligns with our own focus on customer service; what they do goes beyond the typical business relationship. We think of Aptech as more of a strategic partner than a vendor." Tightly integrated analysis compares property performance to industry stats Highpointe also added Aptech's Execuvue(r) Business Intelligence and Targetvue Budgeting and Forecasting systems to 'Complete the Suite' of Aptech solutions. "Sticking with a single, solid vendor is always easier," says Pate. "Aptech is the only company in the industry I know of that provides all the systems and functionality we need on one tightly integrated platform." "Much of our business is driven by the numbers from Execuvue," notes Pate. "Aptech wrote interface programs so Highpointe's payroll and HR systems upload time and attendance data to Execuvue without our staff having to rekey. Execuvue integrates that information with data on guest satisfaction, back office financials, Smith Travel Research, and soon TripAdvisor into our enterprise and property reporting system. Seeing this information side by side helps us understand the factors that influence performance and profitability so we make better business decisions." 'We needed a system that was better than Excel' Highpointe upgraded to Targetvue "because we needed a budgeting/forecasting system that was better than Excel," explains Pate. "For example, one of our property owners requires line-item forecasting with 30, 60, and 90-day projections to year end. These processes are nearly impossible in Excel." Aptech customized Targetvue to accommodate Highpointe's unique budgeting requirements. "Cash is important to us" says Pate. "We want to look at cash on a daily basis and reconcile each bank account every day. Aptech created functionality specifically for this purpose." He adds that Aptech Vice President Jill Wilder came onsite to ensure that all vendor data was migrated successfully to Targetvue. Now all parties work from a single version of the budget on the same database. Changes and 'what if' projections flow seamlessly through the entire document. "We no longer pass around Excel spreadsheets and continuously verify if we are using the final version," notes Pate. "Likewise, we are no longer concerned if a property is using an outdated version of Excel. These were ongoing issues for the director of operations when we used Excel." The cloud is safer Adversity delivered another valuable lesson to Highpointe when Hurricanes Iva and Katrina struck. "Those two years of strong hurricanes prompted a migration from our own servers to cloud hosting by Aptech," says Pate. "Our Louisiana and Florida properties were 'blind' for two weeks when we had to move our onsite servers to safety. Now, we send everything possible to the cloud. We push data to Aptech's secure network center twice a day to protect us from power outages and other data loss issues." Pate concluded, "We are a best-of-breed tech user and Aptech has proven to be a best-of-breed provider. We don't know of any other budgeting solution like Targetvue that fully integrates with our other systems. This saves us a great deal of time and makes our operation more efficient. We don't know any other vendor with three comprehensive solutions that allows property data to flow so smoothly between them." Aptech Computer Systems Aptech Computer Systems, Inc. is the only provider of a fully integrated enterprise accounting, business intelligence, and planning ecosystem to the hotel industry. Aptech offers 100% more customer-centric options for hosting, pricing, and product solutions than any other hospitality-focused systems providers. All of its solutions are 100% hotel specific and all its clients are companies that own or manage hotels. Aptech introduced business intelligence into the hotel industry and offers a solid resource of hospitality professionals. Incorporated in 1970, Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Aptech's state-of-the-art products include Profitvue(r) enterprise back office accounting, Execuvue(r) business intelligence, Webvue(r) internet accounting support, and Targetvue planning and budgeting. Clients comprise over 3,500 properties - including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions give operators the ability to be proactive operationally and financially. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information, please visit http://www.aptech-inc.com.
commercial

Moneyball: Big Data and Raising Your Hotel Company's Batting Average

Aptech - 28 May 2015
By Cam Troutman, Vice President of Aptech Computer Systems May 28, 2015 - This viewpoint is about money and baseball. Hotel company financial executives are like the general manager of the baseball team in Michael Lewis' book, Moneyball: The Art of Winning an Unfair Game. The book argues that the Oakland A's' front office took advantage of innovative analytical measures of player performance to field a team that could better compete against richer competitors in Major League Baseball. If you are in the hotel business and are not familiar with the book or the movie starring Brad Pitt as Billy Bean, GM of the Oakland A's, you may find it educational because Moneyball is about how to use creative data analysis to compete more successfully. How is hotel company operations like Major League Baseball? Hotels are in competition for guests within their markets. They operate a physical asset with multiple expenses like staff, utilities, maintenance, pest control, and many have franchise fees. All these factors can be represented as data and analyzed to measure revenue, adjust expenses and calculate profitability - much like a baseball player's statistics and the team's winning average. The way a company uses business intelligence (BI) to view, analyze and act on data can give it a competitive advantage. Flexible BI data analysis gives operators a tool to use like Billy Bean's Moneyball spreadsheet to see their operation's performance in unique ways. Bean's Oakland A's team proved that competitive advantage often comes from breaking away from 'inside the box' thinking and processes. Applying data analysis tools that enable you to think outside the box can provide new ways to see inside an operation and identify ways to improve performance. Each hotel company's operation is unique. Every manager and owner has his or her own experience-based perspective on how they want to run their business. They know which performance measures, labor costs, ADR, or flow-through percentage are important to their company's profitability. This means the freedom to apply flexible analytics and create custom performance reports is essential to execute an operator's measurement strategy. Totally-flexible BI reporting gives each operator the ability to analyze and run their business their own way based on their unique perspective and operational goals. If competing operators use the same static, or 'canned,' analytical reports, they are all forced to use the same data measures. They cannot create and test their own individual way of looking deeper at company or property performance. When competing operators have the same vision of their data and processes, neither company can discover a game-changing perspective. Flexible, personalized analysis makes data accessible from multiple perspectives, like a Rubik's Cube. Each edge, color and intersection creates a different combination of data comparisons that may provide a different perspective. When data elements, such as out-of-order rooms, are viewed from different perspectives, for example, in relation to its relationship to monthly revenue and occupancy, new insights are gained that can impact management and profitability. Data experimentation is often called 'what if' analysis. Flexible, in-depth data analysis enables operators to perform a 'what happened and why' performance discovery. This is how the Moneyball example worked in baseball. Our industry has several "Billy Beans." They use the same raw data as everyone else, but they create unique views and calculations that give them strategic insight. While they look at the common metrics (Occ, ADR, RevPAR, GOP, etc.) they also take the next step and dig deeper. Aptech's role in this process is to make sure it provides BI tools that not only deliver the right metrics, but more importantly, inspire creative thinking. How do you measure flow-through analysis? One example I can share is on the topic of flow-through. The new Uniform System of Accounts for the Lodging Industry, the 'blue book,' now includes an official definition of flow through. Many of our clients use this definition, but I have personally seen four other unique definitions also labeled 'flow-through.' These variations give unique insight and enable the operators that use them to see hotel performance in a different light. A flexible business intelligence system gives each operator the ability to create flow-through analysis in the best way for their operation.By re-evaluating the data and strategies that produce wins on the field, the 2002 Oakland A's, with approximately $44 million in salary, were competitive against teams like the New York Yankees, who spent over $125 million in payroll. You can do the same and out-perform your comp-set by looking at your team, operation, and processes in unique ways. At HITEC June 15 - 18 visit Aptech in Booth #921 at the Austin Convention Center Aptech Computer Systems Aptech Computer Systems, Inc. is the only provider of a fully integrated enterprise accounting, business intelligence, and planning ecosystem to the hotel industry. Aptech offers 100% more customer-centric options for hosting, pricing, and product solutions than any other hospitality-focused systems providers. All of its solutions are 100% hotel specific and all its clients are companies that own or manage hotels. Aptech introduced business intelligence into the hotel industry and offers a solid resource of hospitality professionals. Incorporated in 1970, Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Aptech's state-of-the-art products include Profitvue(r) enterprise back office accounting, Execuvue(r) business intelligence, Webvue(r) internet accounting support, and Targetvue planning and budgeting. Clients comprise over 3,200 properties - including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions give operators the ability to be proactive operationally and financially. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information, please visit www.aptech-inc.com.
commercial

Magnolia Hotel Group Simplifies Global Property Budgets for Growing Portfolio

Aptech - 1 April 2015
"We recently took over a portfolio of 11 hotels where everything was done by hand. Accounting, budgets everything was in Excel spreadsheets. Our team knew immediately that we needed uniform accounting and an easier budget process across the properties," said Darren Phillips, CHA, principal of Magnolia Hotel Group. Columbus, GA-based Magnolia Hotel Group (MHG) owns and operates Marriott, Hilton, IHG and Wyndham properties in the Southern US. "Today we have everything online and our GMs don't need an accounting background to create and update their budgets." Manually maintaining accurate daily financial processes and continuously updating budgets can be a demanding process for any hotel company. "We upgraded to systems and processes that simplified our operation and gave us accurate, continuous up-to-date financials and budgets. We implemented the Targetvue Budget and Planning and Profitvue Enterprise Accounting systems from Aptech Computer Systems to make this happen," Phillips said. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. The Targetvue budgeting and planning system simplifies enterprise-wide planning, consolidation, and reporting by eliminating the need for companies to rely on management or manipulation of multiple spreadsheets. It gathers information and provides managers with the performance data they need to take proactive measures to increase profitability. The system combines daily data updates with historic trends to forecast future performance. Profitvue is a widely used thin-client, Internet-enabled enterprise back office solution that easily handles single, multi-property and multi-company accounting, and incorporates accounts payable, general ledger, statistics, and financials. "MHG operates several flags and they all have different market segment designations and levels of detail on their P&Ls," said Phillips. "The Profitvue accounting system is self-explanatory for all our property types. It is interfaced to our property management systems, and linked to our Targetvue budgeting system to eliminate data entry errors. Targetvue takes general ledger and payroll code data from Profitvue to streamline our processes. It cuts our budget time down significantly and I can easily review our numbers centrally from an ownership perspective." As MHG's revenue and expenses go up or down daily, Targetvue's forecast for each hotel is automatically updated to reveal factors behind the change. The system automates, in one day, the process that used to be a complicated five-day chore of calculating a new forecast to monitor trends. The result is better expense management based on actionable data that reduces risk. "Targetvue easily provides forecasts based on all the factors that impact property profitability, such as labor, utilities and equipment," Phillips said. "It is very well suited to hospitality operations. We can have as much detail on the P&L as we want. Once the revenue has been input, we apply industry standards for cost per room and other metrics to create budgets. We use Hilton market segments for our Doubletree, and with Targetvue it is very simple to set up unique line items, like Starbucks." Magnolia Hotel Group plans to expand its Targetvue rollout in the future. "The combination of Targetvue and Profitvue simplified our operation on many levels. We will continue to roll it out to all of our hotels and new properties in the future." About Aptech Computer Systems, Inc. Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,200 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

5 Tips on How Data Snapshots Create Forecasting Accuracy and Greater Profitability | By Jill Wilder

Aptech - 17 March 2015
historical data, budget, and forecast. Each hotel is unique with its own management style, market factors, and utility costs, and we show our properties side by side. I may discuss best practices or offer guidance on a GM's forecast to help him or her stay in budget. It helps them see how they are doing alongside their peers and improves overall profitability."Managers today like to take a periodic snapshot of their forecasts. This provides their team with a time stamped version of the projections for comparison to improve future accuracy - and profitability.Aptech Computer Systems Aptech Computer Systems, Inc. is the only provider of a fully integrated enterprise accounting, business intelligence, and planning ecosystem to the hotel industry. Aptech offers 100% more customer-centric options for hosting, pricing, and product solutions than any other hospitality-focused systems providers. All of its solutions are 100% hotel specific and all its clients are companies that own or manage hotels. Aptech introduced business intelligence into the hotel industry and offers a solid resource of hospitality professionals. Incorporated in 1970, Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Aptech's state-of-the-art products include Profitvue(r) enterprise back office accounting, Execuvue(r) business intelligence, Webvue(r) internet accounting support, and Targetvue planning and budgeting. Clients comprise over 3,200 properties - including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions give operators the ability to be proactive operationally and financially. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information, please visit www.aptech-inc.com.
commercial

Aptech's Targetvue Budget Solution Earns Corporate Performance Management Award from Prophix

Aptech - 16 February 2015
improving a company's profitability and minimizing their risks. Thousands of forward-looking organizations in nearly one hundred countries use software from Prophix to gain increased visibility and insight into their business performance. For more information, visit www.prophix.com.
commercial

Pinnacle Hotel Management Automates Budgets and Forecasts for 26 Hotels with Aptech's Targetvue

Aptech - 2 December 2014
Aptech Computer Systems announced that Pinnacle Hotel Management implemented the Targetvue Budgeting and Forecasting solution for 26 Marriott, Hilton, and independent properties. Targetvue is a hospitality-driven enterprise system that enables operators to easily compare plans with performance on a daily basis. Properties can build and implement more flexible plans to achieve business goals. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. Targetvue monitors individual properties and central budgets for strategic oversight "We installed Targetvue to easily let us create accurate budgets and forecasts and for analysis," said Felicia Matula, CFO for Pinnacle Hotel Management. "Targetvue automatically downloads general ledger data into our budget and forecast analysis. It accommodates 'on the books' data reporting on a daily basis." Matula noted that Pinnacle previously used Excel spreadsheet budgets that were difficult to build and maintain. "Our formulas are locked in Targetvue. Each property manager has his or her input screen where they can monitor budgets for their hotels. Aptech offers secure network hosting; Targetvue eliminates the need for the 'spreadsheet shuffle' Aptech hosts Pinnacle's Targetvue system from its secure network facility. "When it is fully installed, Targetvue will track the status of each Pinnacle property's contribution to the plan in real-time. Our system will provide managers with a single combined view of an entire asset portfolio and where each property stands in comparison to plan," said Jill Wilder, Aptech vice president. "Pinnacle also uses Aptech's Profitvue(r) Enterprise Back Office Accounting System to centralize financial reporting for all its properties," Matula said. "Profitvue is hosted centrally and its daily financials inform Targetvue's real-time consolidation and rollups. It eliminates the need to aggregate and combine multiple spreadsheets for consolidated reports. Aptech is an experienced technology partner that understands Pinnacle's business goals and works with us to achieve them."About Pinnacle Hotel ManagementPinnacle operates its own properties and those owned by other companies. It has completed 26 hotel development projects in markets such as Washington, DC; Florida; New England; and California. Pinnacle also successfully completed several brand conversion projects, including the Fairfield Inn and Suites Palm Beach; the Courtyard Key West; and the Boston Courtyard Billerica/Bedford. Pinnacle currently has a 138-suite Residence Inn by Marriott under construction in downtown Orlando and will begin a conversion of a 334-room hotel in Philadelphia to a Courtyard by Marriott. The Pinnacle Hotel Management portfolio includes more than 4,000 rooms and annual sales in excess of $150 million.About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, PA, is the only provider of a fully integrated enterprise accounting, business intelligence, and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence, and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r), and Targetvue. Clients comprise more than 3,200 properties - including large chains, multiple-property management companies, and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Sandals Upgrades BI to Latest Aptech Execuvue with Dashboards for 21 Resorts

Aptech - 18 November 2014
Aptech Computer Systems announced that Sandals Resorts International (SRI) upgraded to the latest Execuvue Business Intelligence for easy-to-use, flexible global reporting for its 21 resorts throughout the Caribbean. SRI operates Sandals, Beaches and Grand Pineapple Beach Resorts. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. Execuvue BI enables Sandals to make decisions on near real-time performance information"Sandals implemented Execuvue Business Intelligence in 2003 to collect and analyze data from all its properties. The newest Execuvue version simplifies interactive report creation and adds dashboard capability with property performance updates throughout the day," said Joanne Pearson, Director of Corporate Reporting for SRI and a Fellow of the Chartered Association of Certified Accountants. "The new Execuvue provides easy to use, flexible report formats and allows us to use color coding to highlight important exception information that makes it easy to highlight specific issues so we can react and make decisions on near real-time performance information." Data in Execuvue is available faster, and the system makes it easier to create ad-hoc reports. "Our new Execuvue reports are also available in Excel formats for saving or running," Pearson said. "The Sandals' Finance team uses Execuvue dashboards throughout the day/week for current performance data on our properties. We are using it on our desktop PCs and laptops now and will move to tablets in the future. We can drill down into any of the data in the newest Execuvue reports, plus they are very easy to understand." Sandals uses Execuvue's executive dashboards with KPIs, comparisons on one screen Aptech Vice President Cam Troutman said, "The latest Execuvue version is based on the Cognos 10 platform. It automatically allows analysis of Sandals Resorts' data and the ability to create interactive reports and dashboards for each Sandals property. The SRI Team can have a daily snapshot of each Hotel's financial performance, labor costs against budget, and other KPI comparisons on one screen." The new Execuvue release significantly increases data mobility and flexibility of access.Execuvue's flexible platform allows users to view dashboards with an array of data and a variety of charts or graphs. Anyone within an organization who requires performance management information can view it on whichever device best suits them wherever they may be. Execuvue leverages the latest IBM/Cognos tools to deliver mobile data to our users, and it is drawing an enthusiastic response from our multi-property, multi-flag operators."About Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,200 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

American Liberty Hospitality Installs Aptech Targetvue Budgeting and Forecasting for 22 Properties

Aptech - 23 October 2014
Aptech Computer Systems announced American Liberty Hospitality, Inc. will implement Aptech's Targetvue Enterprise Planning system in 22 properties. American Liberty operates Hilton, IHG, Choice, Wyndham and other brands and full-service independent resorts. The company also uses Aptech's Profitvue(r) and Webvue(r) Enterprise Accounting. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services."American Liberty worked with Aptech to implement Profitvue and Webvue centralized back office accounting earlier this year. The systems and reporting are excellent. They enable our hotels to automatically upload property performance data and generate standardized reports for ownership entities and corporate analysis," said Robert Sponaugle, vice president and CFO for operations and development at American Liberty Hospitality. "We will integrate Targetvue for budgeting and forecasting for all properties in Q4 '14."Targetvue is Aptech's hospitality-driven budgeting and forecasting solution. Aptech joined forces with PROPHIX to develop a totally new budgeting and forecasting application fully-integrated with its Profitvue accounting and Execuvue business intelligence systems. Targetvue eliminates the need to correct and recombine multiple spreadsheets for enterprise planning, consolidating, and reporting."We are installing Targetvue to integrate with Profitvue to create accurate, updated budgets during the year and to generate timely reporting for our ownership entities," Sponaugle said. "Targetvue budgeting and planning will let us compare performance against budget and create forecasts. Property data will move between Aptech's systems without intervention. Our goal is to deliver the most profitable performance for our owners, and Aptech helps us do this."Aptech VP Jill Wilder said, "Targetvue will let American Liberty select the budget and forecast data it wants to modify as a plus or minus percent, dollar amount, or other measure to evaluate the change's impact on profitability. These 'what if' simulations will help managers see the best way to achieve forecast. Aptech's unique financial tools will give American Liberty an advantage over other management companies."Targetvue will give American Liberty the ability to automatically send property managers and stakeholders links to their budgets. "Each of American Liberty's properties is unique with its own market factors, and utility costs," Wilder said. "Targetvue will be an excellent system to give property managers guidance on how to make plans and develop best practices that increase profitability."About American Liberty Hospitality, Inc.American Liberty Hospitality, Inc. has a three-decade track record of developing and operating hotels of its own and for others. The company offers hotel owners experienced, professional knowledge and a commitment to success - from the most challenging operational details and financial hurdles to a resourceful, proven sales and marketing strategic plan. ALH's team of professionals, many of whom have 20+years of tenure, is prepared to handle your project. Whether you own a hotel under construction, a conference center on a lake, or a hotel that needs a new perspective and a gentle nudge to start realizing your financial objectives, we stand poised to launch an innovative solution for your project. American Liberty Hospitality can confidently handle your hospitality management needs. For more information, go to http://www.amliberty.comAbout Aptech Computer Systems, Inc.Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue(r), Execuvue(r), Webvue(r) and Targetvue. Clients comprise over 3,200 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Aptech Mobile GM Dashboards with STR Stats Give Operators Competitive Advantage

Aptech - 12 August 2014
"One of our GMs pulled out his company iPad while he was at a national hotel management conference last month. He wanted to check his property's labor and expense numbers for the previous day. The manager beside him at the table thought it was pretty cool; he'd never seen anything like it," said Mark Pate, assistant controller and IT manager for Highpointe Hotel Corporation. "All of our GMs use tablets and Execuvue Reports to be totally mobile and stay current on property operations." Highpointe operates 15 hotels in 3 states. Its properties are primarily Hilton, Marriott and Wyndham brands that include Hampton Inn, Homewood Suites, Residence Inns and Marriott Courtyard flags. Aptech Computer Systems is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. "We use the Aptech Execuvue(r) solution to automatically gather data from all of our separate hotel property management systems daily and combine it with each property's STR comp-set information," said Pate. "Aptech merges the data, analyzes it, and creates interactive reports and mobile tablet dashboards for every property. Each GM has a daily snapshot of his or her financial performance, labor costs against budget, guest satisfaction reports and their STR comp set comparisons on one screen." Having Highpointe's operational and performance information in one place is particularly valuable when property owners and partners come to GMs with questions. "The GM Dashboard lets our managers answer questions with accurate next-day information on labor against budget, revenue performance, and even guest service scores from Marriott and SALT scores from Hilton," Pate said. "In the past I had to go to a separate location to get a snapshot of property financials, STR ranking, payroll, and guest satisfaction. Now I can see all these important measures in one place. Highpointe's managers can easily spot issues with performance against budget for payroll; the historic revenue comparison shows at a glance where I am, and where I should be." Highpointe also worked with Aptech to create mobile-friendly reports for its GM tablets. "With Aptech's Active Reports on their tablets, our GMs can check department performance on interactive reports," said Pate. "They can touch the screen to highlight specific areas, or open a comment box to send an email to a specific staff member for clarification. This lets them manage by the numbers faster, and quickly interact with our corporate offices or their properties." "Aptech's latest Execuvue release significantly increases the mobility and flexibility of our BI solution," said Cam Troutman, vice president and officer at Aptech. "Mobile devices, particularly tablets, are widely used in business. Execuvue's flexible platform allows our clients to view dashboards with an array of data and a variety of charts or graphs. Anyone within an organization who requires performance management information can view it on whichever device best suits them wherever they may be. Execuvue leverages the latest IBM/Cognos tools to deliver mobile data to our users, and it is drawing an enthusiastic response from our multi-property, multi-flag operators."About Aptech Computer Systems Aptech Computer Systems, Inc., based in Pittsburgh, PA, leads the hospitality industry in leveraging change by valuing human relationships and applying technology to solve business problems for people. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech is a financial and operations technology solutions and service company for the hospitality industry. Aptech's state-of-the-art back office, business intelligence, and enterprise planning products include Profitvue(r), Execuvue(r), Webvue(r), and Targetvue. Clients comprise more than 3,200 properties, including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions help customers understand their financial and operational data to lower expenses or increase profitability. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. Respective holders own all other trademarks. For more information please visit www.aptech-inc.com.
commercial

Simon Konover Company Leverages Business Intelligence; Gives GMs Reports to Achieve Plan Every Day

Aptech - 4 June 2014
The Simon Konover Company is a growing enterprise with a reputation for innovation and success. The company develops, builds, owns, and manages an extensive portfolio of hotels, office buildings, and residential properties. Konover Hotel Corporation, a subsidiary of The Simon Konover Co., was an early adopter of business intelligence (BI) before the systems were widely accepted in hospitality. Today, Konover Hotel Corp. (KHC) uses BI to give its GMs comprehensive performance data reports that make them better managers. "Konover Hotel Corporation first applied BI technology in 2007. We added 15 properties to our hotel group and immediately saw that our existing systems were not up to the daily job of data gathering, analysis, and reporting," said Linda Valvo, corporate controller for The Simon Konover Co. "At the time, we used Excel and other generic business software. We researched systems as we grew and installed Aptech's Execuvue(r) Business intelligence to automate property data collection and analysis. We also use Aptech's Webvue (r) enterprise back office for all our hotels. Property management based on accurate, timely operating data is essential for KHC. Now we have this information in our managers' hands every day." Execuvue automatically generates comprehensive flash reports for properties by 8:00 a.m. Taking on 15 new properties was a huge challenge for KHC's team. "Our larger portfolio instantly impacted accounting, payroll, IT staff, nearly every management area," Valvo said. "When we transitioned to Execuvue it made our financial processes much easier. We saved about two staff hours a day. The system collects a wide variety of data from diverse systems at each property, then tracks and analyzes it. Execuvue automatically generates multiple reports which the accountants distribute to our properties and KHC management. Our GMs have a daily flash report in their hands by 8:00 a.m. to help them manage by the numbers." One point of access delivers 'performance picture' for entire portfolio KHC placed all its properties on one financial platform for a single point of data access. Execuvue provides one version of the 'performance picture' for the entire portfolio. "Our hotels were on different systems originally," Valvo said. "Now all our properties are on a common platform with a simplified template for data gathering and performance tracking. Execuvue's daily reporting is in one location, so we can send prior day activity to our GMs. Our Executive Vice President, Peter H. Mason, CHA, gives them daily, weekly, and monthly property performance goals. The first thing they see each morning is their numbers benchmarked against budget to keep them on track." Property performance comparisons prove 'friendly competition is a good thing' The company also periodically shares property performance information between its GMs. "Two times a month, we send an 'analysis by flag' report to our managers so they can compare their performance. We use our BI and Profitvue back office systems to track how properties manage guest service expenses, guest supplies, and other factors to measure property success," Valvo said. "I think a small amount of friendly competition is a good thing." Execuvue, Profitvue 'gold standard' reports help maintain profitability Valvo taps KHC's centralized BI and back office systems for 'gold standard' reports and analysis that keeps the properties and company healthy. "We created a number of reports that give us information essential to maintaining profitability. The standard P&L's from our Profitvue enterprise back office are excellent. Execuvue's report options do anything we want. We expanded our P&L's for prior year reporting to make budgeting easier for GMs. We also put properties side-by-side for instant comparisons. Centralizing BI and accounting make our operation more efficient. Our GMs have solid performance data to manage successfully." Aptech's Execuvue BI, PVNG Accounting System, Profitvue, and Targetvue Enterprise Planning and Budgeting will be at HITEC 2014, June 23 - 26 at Los Angeles Convention Center. Come by Booth 501 to meet the Aptech team. About The Simon Konover Company The Simon Konover Company is a fully integrated real estate organization nationally recognized as one of the premier real estate entities operating throughout the Midwest and Eastern United States. Established more than 50 years ago, The Simon Konover Company excels in real estate development, property acquisition, asset management, property management, construction, leasing, and ownership. The Simon Konover Company is a full-service organization providing superior service and expertise to Konover-related entities as well as third party owners and investors. Through its diverse operating companies, The Simon Konover Company serves many market segments, including hotel, residential, office, industrial, retail, mixed-use, and specialty properties. Aptech Computer Systems Aptech Computer Systems, Inc., based in Pittsburgh, PA, leads the hospitality industry in leveraging change by valuing human relationships and applying technology to solve business problems for people. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech is a hospitality financial and operations technology solutions and service company. Aptech's state-of-the-art back office, business intelligence, and enterprise planning products include Profitvue(r), Execuvue(r), Webvue(r), and Targetvue. Clients comprise more than 3,200 properties, including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions help customers understand their financial and operational data to lower expenses or increase profitability. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
commercial

Oliver Companies GMs Tap Portfolio Data Analysis for 'Idea Sharing' to Strengthen Performance

Aptech - 8 May 2014
Oliver Companies operates 13 properties under multiple flags from Florida to Wisconsin. While its hotels include Hilton, Carlson, and IHG brands, plus independents, its management focus is on two, often competing goals, customer satisfaction and bottom line profitability. "Our hotel staff's primary goal is to create the best possible customer experience, whereas everything I do is based on dollars and cents. We are all about merging these two crucial aspects of our business into one common mission. Aptech allows us a greater ability to accomplish this," said Oliver Companies controller Christopher Hedblom.Aptech Profitvue, Webvue automatically collect data across widely scattered properties Oliver Companies' properties are widely scattered across the US and each is a separate entity. Gathering property performance data and providing GMs with input on daily financial analysis is a top priority. "When we were smaller, our properties sent their daily audit packs by email. There was a long delay between data creation and our analysis flowing back to the properties, which they use to better manage," Hedblom said. "As we added hotels, the manual processes became increasingly difficult. We automated with Aptech's Profitvue enterprise back office accounting and Webvue data gathering solutions. This streamlined our processes and put audit information in our GMs' hands in a far more timely fashion." 'We have multiple flags, but we compare them apples to apples' Oliver Companies expanded its financial management platform in 2014. "Our recent business intelligence system implementation gives our GMs more information to manage with," Hedblom said. "We use the Execuvue(r) BI system to gather property performance numbers, analyze the data, and run blanket reports with comparisons based on anything we want. We have multiple flags, but we can compare them apples to apples. We can even check the price of linen at our Embassy Suites compared to a Country Inn and Suites. This kind of analysis is exciting to me as a controller. If we save a few cents per room every night over a year, it is big money. We do this with Execuvue." Regional managers stay in tune with GMs and what they need Business intelligence reports give Oliver Companies' property managers daily operating metrics for better decisions. "We are already seeing benefits from our Execuvue system," Hedblom said. "The BI reports help our GMs manage with a more 'timely pencil' because we get their data to them quickly. If it takes a month to get their performance metrics to them, we lose a month's smarter management decisions that could make money or save it. Execuvue provides us with customer service and cost/revenue comparisons quickly so our managers can act on them faster. Our regional managers send specific reports to our GMs. Regional can stay in tune with GMs and what they need." Oliver GMs share what works in real time 'Idea sharing' between general managers is one of Oliver Companies' successful processes. "Execuvue identifies when one hotel is doing something really well," Hedblom said. "Then our managers can get together to 'idea share' what is working financially. We used do lots of face-to-face idea sharing on customer service improvements. Now we are able to do this with finances, and we are just getting started." Oliver Companies' automated processes are yielding benefits on many levels. "Our GMs love the timeliness of the reporting," said Hedblom. "They understand and embrace the reporting because they realize time is of the essence when it comes to implementing the information that informs decisions that affect everyone related to the hotel. On the front end, the speed, accuracy, and efficiency of data collection are big advantages of our business intelligence platform. On the back end, the flexibility of data analysis is great. With the system gathering each property's data, we do not have to collect, enter, and store it. This is a huge help."About Oliver Companies Oliver Companies, Inc. is a Hotel and Commercial Property management company located in Duluth, MN. At Oliver Companies, we strive to provide the resources and guidance which allows the properties that we manage to provide the optimum customer service experience. These goals are achieved through teamwork and personal communication. We consider the relationship between Oliver Companies and our properties to be one of family, working together. For more information, go to www.olivercompanies.com.About Aptech Computer Systems Aptech Computer Systems, Inc., based in Pittsburgh, PA, leads the hospitality industry in leveraging change by valuing human relationships and applying technology to solve business problems for people. The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider. Incorporated in 1970, Aptech is a hospitality financial and operations technology solutions and service company. Aptech's state-of-the-art back office, business intelligence, and enterprise planning products include Profitvue(r), Execuvue(r), Webvue(r), and Targetvue. Clients comprise more than 3,200 properties, including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions help customers understand their financial and operational data to lower expenses or increase profitability. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Club Bytes Newsletter please enter your email address below.
An error occured, please check your input and try again.
CancelSubscribe