August 13, 2022

RB Group

Business Service

Newport Hospitality Group to Centralize Its Financial

To enhance PVNG and enrich its economic technology stack, Newport will also incorporate Aptech’s budgeting and forecasting option, Targetvue, and eventually layer in its IBM Cognos-based mostly ASP BI application, Execuvue. (Revealed here: Hyatt Blacksburg Lodge Near Virginia Tech)


6.22.2022

Newport Hospitality Team (NHG) has chosen PVNG by Aptech as the cloud-based mostly company accounting resolution for its portfolio of 50 find and entire-service inns. Quickly, the lodge administration enterprise will commence leveraging the seamless platform to shift info extra efficiently from personal houses to a central accounting repository. To complement PVNG and increase its fiscal technology stack, Newport will also increase Aptech’s budgeting and forecasting resolution, Targetvue, and at some point layer in its IBM Cognos-primarily based ASP BI application, Execuvue.

“Our purpose over the final numerous years has been to get off our legacy accounting platform and undertake a cloud option that permits our folks to get the job done remotely without the need of making use of a VPN to obtain the program,” reported Andrew Carey, Newport Hospitality Team CEO. “We were attracted to Aptech because it is an IBM and Prophix small business partner. We know the technologies will continue to be present-day and continue being powerful – one thing a lot of well-regarded modest small business accounting solutions are unsuccessful to do. Also, Aptech is 100% hospitality focused. They have an understanding of the needs of our business from a financial management standpoint. Incorporate to this Aptech’s set of budgeting, forecasting, and BI applications, and we uncovered every thing we required from a solitary company. Remaining capable to eliminate finger pointing concerning multiple suppliers when something is not doing work is a get in my book.

“We are eager to start off deploying PVNG to obtain swift access to applicable and well timed information so all people can increase choice building in price tag helpful strategies,” he said. “It will come with a robust reporting motor how knowledge is accessed and presented will be still left only to the imaginations of those people making the reports. This is a good hospitality accounting platform with equally excellent aid. We made a terrific alternative with Aptech.”

PVNG is a match-changer in the planet of hotel accounting. It options Accounts Payable, Accounts Receivable, Basic Ledger, Figures, Financials, and Bank Reconciliation modules, alongside with net browser navigation to upload the lodge facts remotely. PVNG also contains OCR invoice processing, a myriad of payment choices, drill-down capabilities in money statements and reports, and the means to cope with solitary or multi-property accounting. It can also be deployed as a hosted assistance.

Targetvue is Aptech’s hospitality-driven budgeting and forecasting solution. Constructed on the 11th Version USALI Typical Chart of Accounts and Reviews, Targetvue consolidates reports, identifies tendencies, drives space income by predicting occupied rooms and ordinary everyday amount, shares options in the course of the corporation, and meets foreseeable future expansion goals employing a solitary, centrally-maintained set of database styles. Targetvue gets rid of the need to right and recombine numerous spreadsheets for consolidating and reporting.

Execuvue leverages AI-powered analytics to assistance hoteliers make smarter enterprise decisions and respond to instructions, these kinds of as “Show Me Area Revenues by Point out and by Home.” The AI instrument links related facts elements (amount of rooms rented, ADR, RevPAR, occupancy, rooms out of buy, etcetera.) with a checklist of qualities or manufacturers to evaluate the facts in visually powerful approaches. It also configures info regionally, giving operators a overall performance snapshot portfolio wide, as nicely as by area, brand name, and residence. The drag-and-fall surroundings with predictive analytics creates stunning visualizations primarily based on details entered. The scalability, overall flexibility, and integration abilities of Execuvue sets Aptech aside from other BI providers.

“We are delighted to be incorporating much more inns operating less than the Hilton, Marriott, Hyatt, InterContinental Resorts Team, Option and Wyndham brand names, as well as impartial boutique qualities, to our consumer roster by means of this new partnership with NHG,” explained Jill Wilder, Aptech Vice President. “Finding a know-how lover that you can rely on is not as simple as just one may possibly consider today. Like Newport – that has been in business enterprise for 30 yrs – Aptech has field longevity that hoteliers covet and a track record of exceptional assist that operators crave. Our remedies are 100 per cent lodge distinct, and all apps can function stand-by itself or be completely integrated with the whole Aptech economic suite – as NHG will working experience when they add Targetvue and Execuvue pursuing their PVNG deployment. In today’s economy, it is a good time to be an Aptech customer.”

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