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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.

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