To complement PVNG and boost its monetary know-how stack, Newport will also add Aptech’s budgeting and forecasting remedy, Targetvue, and at some point layer in its IBM Cognos-dependent ASP BI application, Execuvue. (Demonstrated here: Hyatt Blacksburg Lodge In the vicinity of Virginia Tech)


6.22.2022

Newport Hospitality Team (NHG) has picked PVNG by Aptech as the cloud-centered business accounting alternative for its portfolio of 50 find and whole-assistance motels. Instantly, the hotel management firm will commence leveraging the seamless platform to move knowledge additional effectively from unique attributes to a central accounting repository. To enhance PVNG and enhance its money technologies stack, Newport will also incorporate Aptech’s budgeting and forecasting resolution, Targetvue, and ultimately layer in its IBM Cognos-primarily based ASP BI application, Execuvue.

“Our goal in excess of the last many many years has been to get off our legacy accounting system and adopt a cloud option that permits our men and women to function remotely without using a VPN to accessibility the software program,” reported Andrew Carey, Newport Hospitality Group CEO. “We were being attracted to Aptech since it is an IBM and Prophix organization lover. We know the technological innovation will remain existing and continue to be solid – something quite a few well-regarded small organization accounting remedies fail to do. Also, Aptech is 100% hospitality targeted. They fully grasp the needs of our business from a financial administration standpoint. Include to this Aptech’s set of budgeting, forecasting, and BI equipment, and we uncovered almost everything we desired from a one provider. Being ready to do away with finger pointing involving a number of vendors when something is not working is a earn in my e-book.

“We are keen to get started deploying PVNG to gain swift access to appropriate and well timed information and facts so anyone can improve determination producing in charge productive ways,” he said. “It will come with a sturdy reporting motor how details is accessed and offered will be still left only to the imaginations of individuals making the reports. This is a excellent hospitality accounting system with similarly good assist. We manufactured a excellent choice with Aptech.”

PVNG is a activity-changer in the environment of lodge accounting. It characteristics Accounts Payable, Accounts Receivable, Standard Ledger, Studies, Financials, and Bank Reconciliation modules, alongside with net browser navigation to add the hotel data remotely. PVNG also has OCR invoice processing, a myriad of payment options, drill-down capabilities in economical statements and reviews, and the capability to tackle single or multi-home accounting. It can also be deployed as a hosted provider.

Targetvue is Aptech’s hospitality-driven budgeting and forecasting remedy. Developed on the 11th Edition USALI Normal Chart of Accounts and Reports, Targetvue consolidates studies, identifies traits, drives home profits by predicting occupied rooms and regular each day amount, shares plans throughout the business, and meets long run development plans employing a solitary, centrally-maintained established of database products. Targetvue removes the will need to proper and recombine many spreadsheets for consolidating and reporting.

Execuvue leverages AI-powered analytics to help hoteliers make smarter enterprise choices and answer to instructions, these types of as “Show Me Area Revenues by Condition and by Assets.” The AI tool backlinks pertinent details components (variety of rooms rented, ADR, RevPAR, occupancy, rooms out of purchase, and many others.) with a record of qualities or brand names to evaluate the details in visually persuasive approaches. It also configures details regionally, supplying operators a efficiency snapshot portfolio large, as very well as by area, brand, and property. The drag-and-drop setting with predictive analytics produces stunning visualizations primarily based on details entered. The scalability, versatility, and integration abilities of Execuvue sets Aptech apart from other BI suppliers.

“We are delighted to be incorporating extra inns running beneath the Hilton, Marriott, Hyatt, InterContinental Hotels Group, Preference and Wyndham brand names, as well as independent boutique homes, to our shopper roster through this new partnership with NHG,” stated Jill Wilder, Aptech Vice President. “Finding a technological innovation husband or wife that you can have confidence in is not as straightforward as one might assume these days. Like Newport – that has been in enterprise for 30 a long time – Aptech has industry longevity that hoteliers covet and a monitor document of remarkable assist that operators crave. Our remedies are 100 % hotel certain, and all applications can function stand-by yourself or be thoroughly built-in with the full Aptech fiscal suite – as NHG will experience when they increase Targetvue and Execuvue following their PVNG deployment. In today’s financial system, it’s a very good time to be an Aptech consumer.”

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