Aptech Targetvue Budgeting and Forecasting Installed at 22 American Liberty Hospitality Properties

  • Aptech Computer Systems, Inc.
  • 10.23.14
American Liberty Hospitality, Inc. has implemented Aptech Computer Systems' Targetvue Enterprise Planning system in 22 of its properties.

American Liberty operates Hilton, IHG, Choice, Wyndham and other brands and full-service independent resorts. The company also uses Aptech’s Profitvue® and Webvue® Enterprise Accounting. Aptech is one of the leading providers of hospitality software for business intelligence, budgeting and enterprise financial accounting.

“American Liberty worked with Aptech to implement Profitvue and Webvue centralized back office accounting earlier this year," said Robert Sponaugle, vice president and CFO for operations and development at American Liberty Hospitality. "The systems and reporting are excellent. They enable our hotels to automatically upload property performance data and generate standardized reports for ownership entities and corporate analysis. We will integrate Targetvue for budgeting and forecasting for all properties in Q4 ’14.”

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 enterprise planning, consolidating and reporting.

“We are installing Targetvue to integrate with Profitvue to create accurate, updated budgets during the year and to generate timely reporting for our ownership entities,” Sponaugle said. “Targetvue budgeting and planning will let us compare performance against budget and create forecasts. Property data will move between Aptech’s systems without intervention. Our goal is to deliver the most profitable performance for our owners, and Aptech helps us do this.”

“Targetvue will let American Liberty select the budget and forecast data it wants to modify as a plus or minus percent, dollar amount, or other measure to evaluate the change’s impact on profitability," said Jill Wilder, VP of Aptech. "These what if simulations will help managers see the best way to achieve forecast. Aptech’s unique financial tools will give American Liberty an advantage over other management companies.”

Targetvue will give American Liberty the ability to automatically send property managers and stakeholders links to their budgets. “Each of American Liberty’s properties is unique with its own market factors, and utility costs,” Wilder said. “Targetvue will be an excellent system to give property managers guidance on how to make plans and develop best practices that increase profitability.”    

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