To complement PVNG and improve its economical technological know-how stack, Newport will also include Aptech’s budgeting and forecasting solution, Targetvue, and ultimately layer in its IBM Cognos-primarily based ASP BI software, Execuvue. (Demonstrated in this article: Hyatt Blacksburg Resort In close proximity to Virginia Tech)


6.22.2022

Newport Hospitality Team (NHG) has chosen PVNG by Aptech as the cloud-primarily based enterprise accounting option for its portfolio of 50 choose and complete-assistance hotels. Instantly, the resort management enterprise will get started leveraging the seamless system to shift facts more competently from particular person homes to a central accounting repository. To enhance PVNG and increase its monetary technology stack, Newport will also incorporate Aptech’s budgeting and forecasting answer, Targetvue, and finally layer in its IBM Cognos-dependent ASP BI software, Execuvue.

“Our objective in excess of the last numerous many years has been to get off our legacy accounting system and adopt a cloud remedy that permits our men and women to work remotely without employing a VPN to entry the software,” mentioned Andrew Carey, Newport Hospitality Group CEO. “We had been attracted to Aptech simply because it is an IBM and Prophix business husband or wife. We know the technology will stay present and remain powerful – a thing quite a few nicely-known small small business accounting options fail to do. Also, Aptech is 100% hospitality focused. They recognize the wants of our group from a money administration standpoint. Add to this Aptech’s established of budgeting, forecasting, and BI equipment, and we found all the things we needed from a single supplier. Currently being able to eliminate finger pointing involving various distributors when some thing isn’t performing is a win in my e-book.

“We are keen to start deploying PVNG to obtain swift accessibility to appropriate and well timed data so everybody can boost decision generating in expense successful approaches,” he mentioned. “It comes with a strong reporting motor how data is accessed and offered will be still left only to the imaginations of these generating the studies. This is a good hospitality accounting platform with equally very good help. We manufactured a fantastic alternative with Aptech.”

PVNG is a video game-changer in the entire world of hotel accounting. It capabilities Accounts Payable, Accounts Receivable, General Ledger, Studies, Financials, and Bank Reconciliation modules, together with web browser navigation to upload the lodge facts remotely. PVNG also is made up of OCR invoice processing, a myriad of payment selections, drill-down capabilities in money statements and stories, and the potential to cope with one or multi-house accounting. It can also be deployed as a hosted company.

Targetvue is Aptech’s hospitality-pushed budgeting and forecasting option. Developed on the 11th Version USALI Regular Chart of Accounts and Studies, Targetvue consolidates reviews, identifies traits, drives area profits by predicting occupied rooms and normal every day amount, shares options through the firm, and fulfills long term progress goals utilizing a single, centrally-taken care of established of database designs. Targetvue removes the will need to right and recombine a number of spreadsheets for consolidating and reporting.

Execuvue leverages AI-powered analytics to support hoteliers make smarter organization conclusions and react to instructions, these kinds of as “Show Me Home Revenues by Condition and by Residence.” The AI device backlinks pertinent information components (amount of rooms rented, ADR, RevPAR, occupancy, rooms out of buy, and so forth.) with a record of properties or makes to evaluate the data in visually persuasive methods. It also configures facts regionally, offering operators a performance snapshot portfolio large, as properly as by region, brand, and assets. The drag-and-fall ecosystem with predictive analytics makes breathtaking visualizations based on details entered. The scalability, overall flexibility, and integration capabilities of Execuvue sets Aptech apart from other BI providers.

“We are delighted to be including far more accommodations working underneath the Hilton, Marriott, Hyatt, InterContinental Resorts Group, Alternative and Wyndham brand names, as nicely as impartial boutique attributes, to our client roster by way of this new partnership with NHG,” explained Jill Wilder, Aptech Vice President. “Finding a technology husband or wife that you can believe in is not as simple as just one may possibly feel now. Like Newport – that has been in small business for 30 several years – Aptech has marketplace longevity that hoteliers covet and a monitor document of fantastic support that operators crave. Our answers are 100 percent hotel distinct, and all applications can work stand-on your own or be fully integrated with the whole Aptech financial suite – as NHG will practical experience when they incorporate Targetvue and Execuvue next their PVNG deployment. In today’s economic system, it is a great time to be an Aptech customer.”

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