Cookies on HFTP Bytes

This site uses cookies to store information on your computer. Some are essential to make our site work; others help us give you the best possible user experience.
By using the site, you consent to the placement of these cookies. However, you can change your cookie settings at any time. Read our Privacy Notice to learn more.

I understand
  • New Global Directors Join the 2018-2019 HFTP Board

    The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.

  • Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

    As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

commercial

Urgo Hotels & Resorts Installs Targetvue for Standardized Budget Across 40 Properties

Aptech · 5 December 2018
PITTSBURGH - Aptech Computer Systems announced that Urgo Hotels & Resorts implemented the Targetvue Budgeting and Forecasting system to standardize budget control processes throughout its portfolio. Urgo provides management for international brands including Marriott and Hilton as well as independent properties across major markets in the U.S., Canada and the Caribbean. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems. Click here for more on Aptech's products and services."Urgo wanted better control of its budget processes. Targetvue gives us that control," said Jim Bowne, VP/Corporate Controller, at Urgo Hotels & Resorts. "Targetvue provides us one version of the budget. Each property can make its budget updates and we have a workbook that reflects each property's daily updates. We review and accept the changes at the corporate office, lock the budget, and send to ownership for approval. Targetvue gives Urgo one platform with one budget, not multiple spreadsheet variations.""Targetvue provides an automated forecasting platform that builds on daily updated performance data from property operations. It is a continuous 'pulse meter' that compares actual against plan," said Jill Wilder, Aptech vice president. "This 'living budget' gives operators the ability to plan day by day for the greatest profitability."Urgo also installed Aptech's PVNG Enterprise Hotel Accounting software. "We overhauled our entire financial reporting platform" said Bowne. "Targetvue lets us automatically transfer numbers to our GL so we no longer have to do this manually. This saves us time and eliminates the rekeying of data, which keeps our operation more accurate."Urgo Hotels & Resorts created a custom chart of accounts to incorporate their multiple entities. "Targetvue made our custom chart work," said Bowne. "Aptech made modifications to suit Urgo's operations. The nice thing about Targetvue is that you can refine processes and make changes as the process/company evolves. Our budget process is driven at the property level. The general manager and the team oversees the initial development of the budget. Our corporate team reviews and provides guidance for the property's data and goals."Targetvue went live at Urgo in 4Q 2018. "Many of our entities need data fast and Targetvue helps us stay ahead of the curve to get numbers we need to react timely to changes in operations," Bowne said. "Aptech is customer service oriented. They showed us how to use Targetvue's budgeting system. We expect to implement Targetvue's forecasting capabilities in the near future."About Urgo Hotels & ResortsUrgo Hotels is a Bethesda, Maryland-based hotel company that develops, owns and/or operates 42 distinctive and unique hotels and resorts with an aggregate of more than 4,900 rooms in major markets and resorts in the United States, Canada and the Caribbean. The company develops, builds and operates for its own account, and provides third-party management and asset management services. For more information about Urgo Hotels & Resorts, please visit www.urgohotels.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

The Peabody Memphis Installs Aptech PVNG Cloud Accounting to Simplify Processes

Aptech ·17 October 2018
PITTSBURGH - Aptech Computer Systems announced that The Peabody Memphis upgraded its back office financial system to cloud-based PVNG Enterprise Accounting to simplify accounting operations and safeguard data in the cloud. The landmark 464-room Memphis luxury hotel was named the 2018 'Best Historic Hotel' in USA TODAY's 10Best Readers' Choice Awards. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems. Click here for more on Aptech's products and services."Aptech's PVNG Enterprise Accounting is easy to learn and use for our staff. One of our growth initiatives is to put as much data in the cloud as possible, PVNG hotel accounting software does this for us," said Kristen Barnett, The Peabody Memphis' Director of Financial Reporting. "Our conversion process to PVNG was simple, and the system's navigation is intuitive." The Peabody Memphis accounting team uses Chrome and Internet Explorer browsers to access PVNG. The system is compatible with all major internet browsers. Aptech hosts the PVNG system at its secure network data center in Pittsburgh.Sam Costa, Aptech director of customer service said, "The Peabody Memphis used Aptech's Profitvue hotel accounting software system for a number of years. We engineered PVNG to enable smooth data conversion from other back office systems. The system is cloud-based so Aptech's team can provide personal hands-on support to simplify the upgrade process.""Aptech support is excellent. Their experienced professional staff ensured every detail of our conversion was addressed and completed," Barnett said. "PVNG's response time is very fast. This makes it easier for our accounting team to move between accounts payable and G/L modules to get the work done faster. It does what it is supposed to do quickly."PVNG provides an easy to navigate architecture. Its robust functionality emerged from Aptech's legacy application, Profitvue, used by thousands of hotel accounting professionals. PVNG supports one property or a large multi-brand, multi-property portfolio. It uses the most current technology platform and incorporates AP, GL, AR, Statistics, Financials, and a Bank Reconciliation, all with familiar browser navigation. PVNG also makes it simple to become 11th Edition compliant by implementing its packaged chart of accounts and financial statements.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

Oliver Companies Goes Mobile: Installs Aptech PVNG Enterprise Accounting for 18 Properties

Aptech ·13 September 2018
Aptech Computer Systems announced that Oliver Companies, Inc. upgraded its back office financial processes to PVNG Enterprise Accounting. Oliver Companies converted from Aptech's Profitvue hotel accounting software to web-based PVNG to enable mobile system access to company financials and property performance reports. Oliver Companies is based in Duluth, MN. It operates 18 properties across eight states that fly flags from Hilton, IHG, Choice and others. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems. Click here for more on Aptech's products and services."Oliver Companies upgraded its accounting platform to Aptech's PVNG because it is a flexible, online enterprise solution that lets our team oversee operations while traveling," said Nicole Murphy, Oliver Companies assistant controller. "Mobile access is important to us. We have two offices and our CFO can log onto PVNG and work wherever she is. Plus, if we have a heavy snow day we can work from our homes." Murphy noted that Oliver's conversion to PVNG went well. "Aptech's team helped us build processes for our 18 properties to share a standard format. Our full-service conference properties have slightly different requirements than our limited service hotels. PVNG hotel accounting software handles them all very well."PVNG provides an easy to navigate architecture. Its robust functionality emerged from Aptech's legacy application, Profitvue, used by thousands of hotel accounting professionals. PVNG supports one property or a large multi-brand, multi-property portfolio. It uses the most current technology platform and incorporates AP, GL, AR, Statistics, Financials, and a Bank Reconciliation, all with familiar browser navigation. PVNG also makes it simple to become 11th Edition compliant by implementing its packaged chart of accounts and financial statements."PVNG is easy to use because each field is clearly marked so we get our work done faster," Murphy said. "The system's processes are self-explanatory and intuitive. We just started a new accountant; he learned the system quickly and got started right away." Oliver Companies also uses Aptech's Execuvue Business Intelligence System. "PVNG automatically uploads property data to our Execuvue system nightly so we have same-day information on property performance to help us manage better."System upgrades evolve effortlessly because PVNG is web-based and hosted at Aptech's secure data center. "I am pleased with how responsive Aptech has been with our conversion," Murphy said. "We had functionality requests to make the system fit Oliver's operations. Aptech made the changes quickly. Aptech values its customers, like Oliver Companies, and this shows by listening to our requests and implementing them to make our operation smoother."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

Lightstone's Business Intelligence Platform Gives Execs Portfolio Performance in the Palm of their Hand

Aptech · 7 August 2018
Lightstone is a national real estate investor/developer with 28 hospitality properties nationwide. The company's current portfolio emphasizes select services hotels, branded by Marriott, Hilton, IHG, and Starwood. How big do you think its asset management team is?"I am responsible for overseeing hotel performance across our 28-property REIT and I am always on a plane," said Marc Dober, vice president, asset management for Lightstone. "We buy and develop hotels to grow our business. Business is based on numbers; budget, revenue, expenses, EBIDTA. The only way we could efficiently manage our portfolio by the numbers as we grew was to automate data gathering, analysis and reporting. Last year we implemented a hospitality business intelligence system called Execuvue from Aptech Computer Systems. Today I have a staff of two and go over the numbers on my handheld while I'm traveling."BI system replaces one full-time analystDober has a handful of reports he evaluates first thing every morning, regardless of where he is. "Execuvue automatically gathers and analyzes data from our Hilton, IHG, Marriott and Starwood properties at night audit. I also review the latest STAR data on my mobile. The system gives me analysis and reporting within minutes to support our business decisions or answer questions on the fly with near real-time data," said Dober. "Execuvue replaces a full-time staff member and makes it possible to manage more efficiently with better information." Execuvue Hospitality Business Intelligence is an IBM Cognos-based ASP enterprise hospitality business intelligence application hosted at Aptech's secure data operations center.Lightstone evaluates property performance based on brands and management companies. "We compare GOPs and other metrics from our hotels and Execuvue factors in monthly STAR numbers to help benchmark our management companies," said Dober. "A cloud-based BI system is very cost effective. It eliminates the need for hardware and servers and the physical system is secure off-site so I can focus on operating properties. The big plus for me is that I can access our data remotely in a mobile format if needed. This lets me review the reporting I need for my next meeting while I am traveling."Lightstone is developing Moxy properties with Marriott in several markets. Americas Lodging Investment Summit (ALIS), named Lightstone's Moxy Times Square as Development of the Year Select/Limited Service hotel for 2017. "We are currently developing 6 Moxys. These properties have a unique F&B reporting format. We worked with Aptech to create custom reporting and a data interface with our Moxy property point of sale systems," said Dober. The Moxy concept replaces the traditional room service model with The Pickup, a twist on the traditional grab-and-go concept. Bar Moxy is the social center of the hotel that offers guests and locals a co-working space during the day while transforming into a buzzing lounge at night."Aptech is a great technology partner for Lightstone. They helped us customize a report for several processes that may be unique to Lightstone's operation," said Dober. "We recently developed an 'on the books' report that looks at reservations for a specific period and compares it against the same period last year. This lets us predict performance more accurately and adjust our strategy as needed."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 Lightstone Lightstone, founded by David Lichtenstein, is one of the largest and most diversified privately held real estate companies in the United States. Lightstone is active in 28 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With over 176 existing properties, Lightstone's $3 billion portfolio currently includes over 6 million square feet of office, retail and industrial commercial properties, over 15,000 residential units, and 4,000 hotel keys. Lightstone also owns over 12,000 land lots across the country.Headquartered in New York City, Lightstone continues to grow its development portfolio with approximately $2.3 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.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

Pinnacle Hotel Management Integrates Accounting, Budgeting/Forecasting and Business Intelligence to Support Growth

Aptech ·13 June 2018
Monica Nichols, Director of Finance for Pinnacle Hotels says, "After 14 years in the hotel industry I have seen an incredible evolution in the hospitality business intelligence we utilize. Transitioning from basic financial statements to much more detailed variance and analytical reports has had a very positive influence on how Pinnacle manages and operates its properties. As a company, we now make much better decisions when it comes to budgeting and forecasting."When Nichols took the position as staff accountant/accounts payable associate for Pinnacle Hotel Management in 2003, she had to quickly acquaint herself with a new company and a new accounting system. "It was my first day on the job. It was also Pinnacle's first day of training on their new accounting software, Profitvue," Nichols said."Profitvue, from Aptech Computer Systems, was different from the mega-brand systems, but it was hospitality based and easy to learn. I picked up the ins and outs of Pinnacle's management company financial statement and reporting preferences, but at that time we had to create all of our custom reports manually. The company's property management and back office systems were not yet integrated. This manual process left room for error," Nichols said. "We created all of our budgets using spreadsheets. Looking back, it was very inefficient, but it worked at the time."Today Pinnacle operates 24 properties made up chiefly of Marriott and Hilton brands. "As we grew, and Aptech introduced new products to the industry, we added Aptech's Execuvue Hospitality Business Intelligence and Targetvue Budgeting and Forecasting systems," Nichols said. "Today all of our systems are integrated and we capture property data multiple times a day without any rekeying and can create any ad-hoc report desired."Execuvue is Aptech's IBM Cognos-based ASP enterprise hospitality business intelligence (BI) application that automatically gathers property data from leading property management, time and attendance, and other third-party systems. Targetvue is Aptech's hospitality-driven budgeting and forecasting solution. Aptech joined forces with PROPHIX to develop a budgeting and forecasting application fully-integrated with its Execuvue hospitality business intelligence and accounting systems."Pinnacle is unique. Our owners and managers have a wealth of experience and want to see property performance from different angles," Nichols said. "We leverage our Execuvue BI analysis and reporting capability. Along with standard financial reporting we use the system's ad hoc report building tool to drag and drop raw data elements to create custom reports at our regional managers' request. The system lets me analyze data to spotlight specific information, like T/A fees as a percentage of revenue, in less than a minute. I can also create reports for specific time frames and prior years to provide as much or as little detail as needed, all on the fly." Nichols said she frequently pulls performance data for cost per occupied room with trailing 12 months vs. prior year's cost for each expense item. "This kind of precise breakdown makes analyzing our operation's performance much easier. These can give us an 'ah ha' moment that helps us be more profitable and creates a culture of hands-on numbers-based management."Pinnacle's property managers enter their budget numbers in their Targetvue budgeting and forecasting system. "Targetvue is set up like Excel, we can enter cost per occupied room and it will flow through to other budget areas to simplify the process," Nichols said. "Targetvue eliminates the need to correct and consolidate multiple spreadsheets for review and reporting. I can spread annual expenses over 12 months and do this with other metrics. I set up reports so at budget time I can see changes against prior years. This data goes to Execuvue for next year's forecast, which cuts hours of time off processing budget reports."Execuvue and Targetvue reports can combine actual results with budgeted or forecasted data. Pinnacle finds these tools to be valuable in evaluating financials. "Execuvue and Targetvue are essential tools for our budget season's processes," Nichols said. "Aptech developed several detailed reports for Pinnacle that provide vital statistics such as cost per occupied room, or percentage of room revenue for all expenses. Before, we would find ourselves sitting in budget review meetings with spreadsheets and Excel files feverishly calculating these amounts on our own. Now, everything is calculated for us with the click of a mouse. It has made our budgeting process flow much smoother."About PinnaclePinnacle Hotel Management was founded in 1997 by Ron Franklin and Dick Vilardo to develop and manage Marriott and Hilton branded hotels. Their first project, the 123-room Courtyard Orlando East/UCF opened in June of 1997. Since that time they have developed or purchased 37 additional hotels. Pinnacle's largest project to date is the Orlando Marriott Lake Mary, a 304-room, full service hotel. The company manages its own hotels, as well as those owned by other companies. Pinnacle has completed 29 ground up hotel development projects in markets such as Washington, D.C., Florida, New England and California. Pinnacle has also successfully completed several brand conversion projects including the Courtyard Alexandria, Virginia, the Fairfield Inn and Suites Palm Beach, Florida Courtyard Key West, the Boston Courtyard Billerica/Bedford, Massachusetts, and the successful brand conversion of the Courtyard Marriott Philadelphia City Avenue.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

La Corsha Hospitality Group Migrates to Aptech PVNG Enterprise Accounting

Aptech · 5 June 2018
PITTSBURGH - Aptech Computer Systems announced La Corsha Hospitality Group implemented the PVNG Enterprise Accounting System across 10 properties. La Corsha converted from Aptech's Profitvue hotel accounting software to web-based PVNG to enable remote accounting operations and greater financial reporting flexibility. La Corsha (LCHG) operates a mix of managed and owned properties across Texas that includes hotels, restaurants and a multi-city parking company. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services."We converted to PVNG Enterprise Accounting because LCHG wanted a web-based system that could handle its varied mix of hotels and restaurants with the flexibility of remote operations. PVNG does this for us very well," said Roberta McKenna, regional controller with La Corsha Hospitality Group. "Aptech converted our chart of accounts seamlessly from Profitvue to PVNG for all our companies. In our custom financial statements, the function I find particularly valuable is PVNG's ability to drill down into each number showing transactional level detail. The transparency this provides us gives confidence to owners and managers while making answering questions quick and easy."PVNG hotel accounting software also lets operators easily define user roles and system access to limit staff interaction with functions not necessary for their roles. "It is important to control what the staff sees and doesn't see within the system. We all play different roles within the organization. PVNG lets us grant individual staff access to certain modules they need for their level of work. We are able to segregate duties by role, so our Accounts Payable staff is limited to our Accounts Payable Module," McKenna said. "This is very important to auditors. By limiting staff access, we've created a control mechanism whereby we are not only reducing risk, but each person can work more efficiently with reduced errors. We have the ability to change access levels as a staff member's knowledge and responsibility increase and their role expands or changes."McKenna noted that PVNG's multi-company functionality is important to La Corsha. "Texas has unique reporting requirements that PVNG's flexible financials comply with easily. Also, since PVNG is web-based, many of our staff members can work remotely, me included. This increases productivity. We originally installed Aptech's Profitvue because it is hotel-specific. Aptech's excellent support and industry knowledge were part of the reason we upgraded to PVNG. Its team responds to our questions and system refinement suggestions quickly. Aptech's personalized professional service is exceptional and highly valuable to our operations."Jill Wilder, Aptech's vice president, said, "La Corsha is a long-term Aptech client. Its team's experience and operational suggestions contributed several valuable PVNG enhancements during their first months of use. We are grateful for their feedback. Aptech's staff works closely with users to continuously improve our enterprise accounting, business intelligence, and budgeting and forecasting systems."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 La Corsha Hospitality GroupLa Corsha Hospitality Group is an Austin, Texas-based management and consulting company founded in early 2006 by industry veteran Jeff Trigger. Trigger and his associates have an extensive background that specializes in operating luxury hotels, restoring and repositioning historic properties, and developing independent restaurants and bars. Examples of their work include downtown Austin's Driskill Hotel; Dallas' Mansion on Turtle Creek, Hotel Adolphus, and Stoneleigh Hotel and Spa; San Antonio's Saint Anthony Hotel; Big Spring's Hotel Settles; and Marfa's Hotel Saint George and La Venture Restaurant. La Corsha's restaurant development, Congress Austin, introduced the renowned 5-Star restaurant, Congress. For more information on La Corsha, 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, 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

Chartres Lodging Group and Kokua Hospitality Select Aptech for Business Intelligence, Budgeting/Forecasting, Enterprise Accounting

Aptech · 8 May 2018
Aptech Computer Systems announced Chartres Lodging Group, LLC and Kokua Hospitality, LLC have selected Aptech's suite of financial solutions; Execuvue Hospitality Business Intelligence, Targetvue, and PVNG to streamline the companies' data collection, analysis, forecasting, and reporting processes. Chartres Lodging Group, an investment and advisory company focused on the investment, asset management, and development of high-quality lodging assets, works in tandem with Kokua Hospitality, an independent hotel management company with a portfolio of independent and branded hotels throughout the mainland U.S. and Hawaii. The two San Francisco-based companies are pleased to join forces with Aptech, the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services."We wanted a proven hospitality budgeting and forecasting system that would provide our varied properties with accurate forecast reporting," said Andrea Mue, EVP and CFO for Chartres Lodging Group and Kokua Hospitality. "I have designed budget systems and understand what is important. We evaluated several systems and Aptech's Targetvue system's management of our specialized budgeting and forecasting needs out-performed the others." Chartres/Kokua also selected Aptech's cloud-based Execuvue Hospitality Business Intelligence, and PVNG Enterprise Accounting Systems. The systems are expected to be live in the Q2 of 2018."Aptech's PVNG Enterprise Accounting and Execuvue Hospitality Business Intelligence are integrated to seamlessly exchange data. This integration saves manual processing time and ensures accuracy," Mue said. "We know the importance and value of investing in business intelligence and look forward to having our monthly reporting packages deliver more performance information in flexible formats. Kokua's property teams will benefit from greater corporate visibility into operations, while our corporate team and our owners will benefit from the teams' ability to optimize profitability and manage by the numbers.""Kokua Hospitality is a flexible operator with a portfolio of multiple brands and independents that span the country. Aptech's integrated cloud-based systems are a good fit for their operation," said Jill Wilder, Aptech VP. "Our systems will gather data from each hotel for centralized analysis and performance reporting to support management decisions. Both of our companies understand the importance of providing value and service. The Aptech professional team is committed to Chartres' and Kokua's success."Aptech's professional team will be hosting meetings at BITAC May 15 -17 at the Innisbrook Resort in Tampa, Florida. Please call Aptech at 800-245-0720 or 412-963-7440 to schedule a meeting.Aptech Computer Systems is both an IBM and Prophix Business Partner. It offers Execuvue web-enabled Hospitality 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 Chartres Lodging Group, LLCThe Chartres Lodging Group, LLC, is an investment and advisory company focused on the investment, asset management, and renovation of high-quality lodging assets. As investors, Chartres' team of experts brings operational knowledge, market intelligence, and an entrepreneurial mindset to each asset under management. Augmenting our investment professionals, Charters Lodging's in-house development management team has extensive development and renovation experience. Together with its subsidiary property management company, Kokua Hospitality, LLC, and a network of consultants and industry experts, Chartres Lodging is the one-stop company for hotel and hospitality asset investment and management. Chartres Lodging is headquartered in San Francisco, with offices in New York, Los Angeles, Chicago and Tokyo. For more information on The Chartres Lodging Group, please visit www.chartreslodging.com About Kokua Hospitality, LLCKokua Hospitality, LLC is an independent hotel management company founded with the drive to become the operator of choice for strategic institutional and select private lodging investors. Created by veteran lodging investment and management experts to appeal to an investor's sensibility, Kokua Hospitality blends best-in-class operating practices with an owner's DNA, while serving as an extension of their ownership teams. The San Francisco-based company manages a diverse portfolio of hotels and resorts nationwide, including a constantly growing collection on the West Coast and in Hawaii. Kokua Hospitality and their partners received such honors as Hyatt Hotels & Resorts' Full Service Adaptive Reuse Project of the Year 2017 and NAIOP Hawaii's Renovation Project Award of Excellence 2017 for the development of Hyatt Centric Waikiki Beach; both testaments to Kokua's expertise in successful asset repositionings and conversions. For more information on Kokua Hospitality, please visit www.kokuahospitality.com and follow along on Twitter and Facebook.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

MDM Hotel Group Adds Aptech's Execuvue Business Intelligence System to its Suite of Financial Tools

Aptech ·17 April 2018
PITTSBURGH -- Aptech Computer Systems announced Miami-based MDM Hotel Group implemented the Execuvue Hospitality Business Intelligence System to automate data gathering, performance reporting and analysis for its portfolio of hotels. MDM is a respected developer that operates full service Marriott and independent properties and commercial businesses in South Florida. Aptech is the leading provider of business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services.Cam Troutman, Aptech vice president, said, "MDM Group is a dynamic operator that is literally revitalizing much of South Florida. Marriott International awarded MDM its 2016 Partnership Circle Award for being the top owner and franchise company. Aptech congratulates MDM Group's management and property teams for their effort and is grateful to be a MDM technology provider." MDM utilizes Aptech's full suite of financial hotel software solutions. In addition to selecting Aptech's Execuvue Business Intelligence System, MDM Group also employs Aptech's Targetvue Budgeting and Forecasting, and Enterprise Back Office Accounting for its five hotels.MDM Hotel Group owns and operates some of Miami's most renowned hotel properties including the JW Marriott Marquis Miami in the heart of downtown, Hotel Beaux Arts Miami, JW Marriott Miami on Brickell Avenue, the Miami Marriott Dadeland, Courtyard Miami Dadeland as well as the planned Marriott Marquis Miami Worldcenter Hotel & Expo Center currently under development.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 MDM GroupFounded in 1990, MDM Group's vision has been driven by a desire to bring the highest quality amenities and brands to underserved urban markets including what is the neighborhood around Dadeland Mall, Brickell Avenue and most recently, Miami's downtown core. Soon it will embark on another game changing project, the development of the Marriott Marquis Miami Worldcenter Hotel & Expo Center within the Miami Worldcenter project in the Park West area of downtown Miami. For more information visit www.mdmusa.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

Aptech Computer Systems Announces Strategic Partnership with Inova Payroll

Aptech ·13 March 2018
Pittsburgh, PA - Aptech Computer Systems, Inc., one of the leading hospitality accounting and business intelligence technology companies, announced a strategic partnership with Inova Payroll, a national payroll and human resources service provider.Aptech customers who select Inova's payroll and HCM technology will be able to view payroll expenses in Aptech's accounting systems, PVNG and Profitvue, and see labor information in Aptech's hospitality business intelligence application, Execuvue."This partnership brings a new level of convenience and expanded service to the customers of both our companies," said Farsheed Ferdowsi, Inova Payroll's founder, president, and CEO. "My team's experience in providing value to the hospitality industry dates back almost 20 years, and we know it's important for hotel owners to have a 360-degree view of their business. That's what we're able to do through our partnership with Aptech."Payroll and time and labor management are essential components of hotel operations and are key data points in property budgeting and forecasting. The quicker hotel operators can manage these functions and share that data with BI and accounting software the more profitably they can manage their business using timely information."Our clients tell us they need payroll and HR services that accommodate the unique requirements of the hospitality industry," said Cam Troutman, vice president of Aptech. "I think our customers will appreciate Inova's industry experience and benefit from the automated flow of data between our systems in managing their businesses. Both companies started out as boutique, customer-centric businesses. Our companies also share a passion for providing a smooth customer experience that will benefit our mutual clients."About AptechAptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, hospitality 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 hospitality 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. About Inova PayrollCombining a dedication to employer success with innovative service and technology, Inova Payroll provides smart payroll and HR solutions to employers across the United States. The company's services range from simple payroll for businesses with tens of employees to robust human capital management solutions for those with 1,000+ employees. In 2016 and 2017 Inova Payroll earned a spot on the Inc. 5000 list of fastest growing companies. Inova Payroll is headquartered in Nashville with six offices in Georgia, Ohio, Pennsylvania, and Tennessee. For more company information, call 888-244-6106 or visit inovapayroll.com.
commercial

Panache Management, LLC Selects Aptech Business Intelligence and Enterprise Back Office

Aptech · 6 March 2018
PITTSBURGH -- Aptech Computer Systems announced that Panache Management, LLC selected Aptech's Execuvue Hospitality Business Intelligence and PVNG Enterprise Accounting Systems. Panache will implement the solutions to streamline property data gathering, performance analysis, and centralize financial reporting for its eight hotels. Panache Management, LLC manages hotel brands with equity-interest. Its portfolio includes Hilton, Marriott, InterContinental, Choice, and boutique hotels.Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services.Ed Ghanami, President of Panache Management, LLC said, "Aptech's systems are excellent compared to other systems we evaluated. Execuvue is more advanced at performance analysis and operational reporting. We will add properties in the future and Aptech's systems will easily support our expansion."Panache Management, LLC focuses on unique strategies for each property it operates. "Our management style is performance-driven," Ghanami said. "We look at guest feedback, revenue, and expense trends every day. We set specific goals through budgeting, market share strategies, and guest experience initiatives for each key result area. Aptech's PVNG accounting system and Execuvue allow us the opportunity to optimize performance and maximize profitability."Cam Troutman, Aptech vice president, said, "Panache Management, LLC is successful because it operates its properties by the numbers. The Execuvue Hospitality Business Intelligence and PVNG Enterprise Accounting systems delivered the numbers and analysis Panache's executive team looked for to extend their portfolio's success."Panache Management, LLC provides its leadership teams with relevant and timely reports to increase revenue, reduce operating expenses, and manage variances in advance in each profit center. "Because of Aptech systems' ease of use and functionality our team members are more engaged in analyzing cost and evaluating financial performance at a glance. This, combined with our operational expertise, enables our hotels to be profitable and market leaders. We do our job right." Ghanami said.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 Panache Management, LLCPanache Management, LLC has been operating exceptional hotels in the South for many years. The company operates hotels under major brands. Panache Management, LLC is expanding its operations with a new full-service project in Fort Worth, Texas, and an extended stay hotel in Lafayette, Louisiana. The company's success based on its friendly employees, personal atmospheres, convenient locations, and cleanliness of its facilities.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

Urgo Hotels & Resorts Selects Aptech's Enterprise Financial Systems for 42 Properties

Aptech · 8 February 2018
PITTSBURGH -- Aptech Computer Systems announced Urgo Hotels & Resorts selected its Execuvue Hospitality Business Intelligence, Targetvue Budgeting and Forecasting and PVNG Enterprise Accounting Systems. Aptech will automate data gathering, performance reporting and analysis, and accounting for Urgo's portfolio of properties. Aptech is the leading provider of business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services."We ran an extensive system evaluation process that explored many options. Aptech had the best products and services for our hotel company," said Kevin Urgo principal of Urgo Hotels & Resorts. "Urgo and Aptech are family businesses that share similar values and corporate cultures of service. They have a great team. I would recommend Aptech to any hotel company, large or small."Urgo Hotels & Resorts develops, owns and operates hotels and resorts and provides third-party management, asset management services, development, and acquisition services. It operates independent properties as well as hotels and resorts under several brands including include Marriott, Hilton, Choice Hotels, and Intercontinental Hotel Group. Urgo Hotels & Resorts currently operates 42 properties with approximately 12 properties in development.Cam Troutman, Aptech vice president said, "Urgo is an American success story. It is a strong, growing hotel company run by family members. As they develop new properties, Aptech is ready to expand with its portfolio. Our goal is to enable Urgo to make profitable business decisions based on accurate performance data."Aptech Computer Systems is both an IBM and Prophix Business Partner offering Execuvue web-enabled Hospitality 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 Urgo Hotels and Resorts Urgo Hotels is a Bethesda, Maryland-based hotel company that develops, owns and/or operates 42 distinctive and unique hotels and resorts with an aggregate of more than 4,900 rooms in major markets and resorts in the United States and Canada. The company develops, builds and operates for its own account, and provides third-party management and asset management services. For more information about Urgo Hotels and Resorts, please visit www.urgohotels.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

Aptech's PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies

Aptech ·16 November 2017
PITTSBURGH - Aptech Computer Systems announced Milestone Hospitality Management and Bellstar Hotels & Resorts implemented the PVNG enterprise accounting system. 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."Milestone selected PVNG because Aptech is a hospitality-focused company," said Brendon Ratley, corporate controller for Milestone Hospitality Management. "Aptech understands hospitality accounting and designed PVNG's financials to conform to the hotel industry uniform system of accounts. Every other system we reviewed required a report generator to convert their system's reports. Aptech hosts our system and PVNG interfaces with our payroll and property management systems." Milestone will finalize its four-property implementation in 4Q 2017.PVNG is a totally new financial system with an easy to navigate architecture. Drawing on Aptech's vast experience and thousands of existing hospitality users, Aptech had the perfect blueprint for the next generation application."Bellstar Hotels & Resorts operates six resorts and a home office in Alberta, Canada. The home office will use PVNG for enterprise general ledger, accounts payables and financials. Our property GMs and department heads will use PVNG to review expenses and financial statements," said Leslie Ducommun, Bellstar's corporate controller. "We went live November 1st, 2017. PVNG allows us to enter our budgets and forecasts in the system and compare those numbers with the current period. PVNG also lets us download results from the Resort PMS." Ducommun noted that Stagewest Hospitality is a shareholder of Bellstar. "Stagewest installed PVNG over a year ago and it has worked well for them."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.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 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

Aptech's Execuvue Delivers Next-Day Portfolio Analysis for Multiproperty Operators

Aptech ·27 September 2017
PITTSBURGH -- Accurate, next day financial reporting is essential for proactive profitability-focused operators. Comprehensive operations reports with dynamic drill down capability are like headlights that examine the factors that impact performance. They show managers and owners where their business is, how it got there, and illuminate what they need to change to make it better."TPG Hotels & Resorts operates a portfolio of more than 50 hotels nationwide. Understanding what drives our profitability is essential," said Michael Brown, VP - business intelligence for TPG. "We use an Execuvue Hospitality Business Intelligence (BI) system to generate a variety of reports that detail expenses and revenue sources by property and brand." TPG's evaluation compares every aspect of hotel performance. "Execuvue reports let us benchmark each property against others within its brand for comparisons that spotlight specific expenses that are outside nominal performance. Once we identify these exceptions we can reduce the specific costs before they impact property performance."Execuvue hospitality business intelligence also features an ad hoc report tool that lets TPG create custom company reports with percentage and dollar measurements that show 10 key metrics over the past five years compared to revenue. The ad hoc tool lets users manipulate items in their database to identify and understand potential problems and changes within the business."By looking at our historic expense trends on one page we can forecast where they will be in the coming year," Brown said. "We use many standard Execuvue reports. I also create our own custom reports and dashboards on the fly. Our EOM numbers are essential and I generate them as needed at the touch of a button to evaluate performance of properties and our entire portfolio." 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. Aptech Computer Systems is a leading provider of hotel accounting software, hospitality enterprise accounting, budgeting, forecasting, and business intelligence systems. Click here for more on Aptech's products and services."Our company is unique. Our owners and managers have a wealth of experience and want to see property performance from different angles," said Monica Nichols, controller for Pinnacle Hotel Management which operates 26 major brand and independent properties. "We leverage all our Execuvue BI system's reporting capability. Along with standard financial reporting, we use the system's ad hoc report building tool to drag and drop raw data elements to create custom reports that our regional directors request. This takes about a minute."Nichols said Pinnacle also turns to Aptech's professional team to create custom reporting. "We let Aptech build several individual reports for us with unusual metrics like T/A fees as a percentage of revenue for hotels and across our portfolio. Once Aptech creates them, the reports reside on our system with easy pull-down functionality. In budget season we will send our properties custom reports with profitability based on specific expenses. This will save lots of time over previous years when I prepared property data manually." Execuvue provides information from prior years to simplify budgeting. The system lets us provide reports in PDF for fast viewing, or in an Excel format for managers that want to do their own 'what-if' calculations."
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.

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Finance Bytes Newsletter please enter your contact details below.
An error occured, please check your input and try again.
I do want to receive the Finance Bytes email newsletter.
By submitting this form, you have read and agreed to the Privacy Notice of HFTP.
You may unsubscribe to these emails at any time.
CancelSubscribe