Noble Investment Group Installs Aptech’s Targetvue Budgeting, Forecasting and Execuvue Business Intelligence

  • Aptech Computer Systems, Inc.
  • 12.06.07
Aptech Computer Systems, Inc. announced that Noble Investment Group has installed Aptech’s Execuvue® business intelligence system and Targetvue enterprise planning hotel software solution to streamline data gathering, business analysis, performance management, budgeting and forecasting for its rapidly expanding 40-property organization.

Noble completed installation of the Execuvue and Targetvue systems in November 2007.  Noble is hosting both Web-based applications from its secure corporate data center.   

“Noble will realize major operating efficiency gains by automating its data gathering, business analysis, budgeting and forecasting processes on Execuvue and Targetvue,” said Nelson Garrido, Noble’s VP of information technology.  “We selected Aptech because of its robust business intelligence, planning and accounting software solutions.  Execuvue and Targetvue provide Noble with scalable Web-based solutions to support its rapidly expanding portfolio. 
 
“The systems will give our management team one version of the truth about the performance of each property and the enterprise overall,” Garrido said.  
 
Execuvue and Targetvue automate:
  • Property data gathering and consolidation
  • Business analysis
  • Enterprise planning (budgeting and forecasting)

Noble added 10 properties in the past year, and Mark Cunningham, Noble’s director of financial planning, reporting and analysis, noted that the organization is using Targetvue to enhance budgets and forecasts for individual hotels and then create rollups that provide the data to management by region and segment and for all its properties enterprise wide.  Noble is automating its data collection on Execuvue to create daily financial rollups and flash reports on property and enterprise performance that incorporate Smith Travel comp set data.  Execuvue is integrated via a two-way data link with Noble’s accounting system and automatically e-mails daily performance numbers to Noble’s executive team. 

“It is essential that expanding hotel companies build on existing data collection, analysis and budgeting processes by adding proven next-generation business systems,” said Cam Troutman, director of sales for Aptech Computer Systems. “Operators who utilize the Web for centralized planning and business intelligence applications are laying a foundation for their continued growth.”  Troutman explained the hospitality industry is experiencing a wave of consolidations and Aptech’s enterprise solutions provide companies with scalable corporate financial tools that support expansion.

Targetvue is a hospitality enterprise planning tool that gives operators the ability to build flexible budgets and forecasts, manage their planning process from a central location, and set goals for every area of their enterprise to increase profitability and hit their business targets.  Used in concert with Aptech’s Execuvue Business Intelligence, operators have all of the technology tools to drive true performance management comprised of three elements:  goal planning, monitoring of effectiveness and performance analysis on a real-time actionable basis. 

Execuvue is an Internet-enabled hospitality software application for large and small hotel companies that coordinates data from a wide variety of systems, including Smith Travel Research, into accessible information with familiar browser simplicity.  Execuvue gives hotel executives the power to make better decisions daily by providing fast and easy real-time access to key operating information and graphically displaying it.




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