HRI Lodging Simplifies Property Reporting With Aptech

  • Aptech Computer Systems, Inc.
  • 03.19.14
Aptech Computer Systems, Inc. announced HRI Lodging, LLC (HRIL) will install the Targetvue, Execuvue®, and Profitvue® systems for its 17 hotels.

HRIL selected Aptech’s systems to simplify property reporting, data collection and budgeting/forecasting for its expanding portfolio. Aptech is one of the leading providers of hospitality software for business intelligence, budgeting and forecasting, and enterprise financial accounting. Aptech will host HRIL’s systems from its secure data center in Pittsburgh, Pa. Implementation is expected in Q2 2014.

In mid 2013, 11-property HRIL expanded via a joint venture with MetWest Terra Hospitality to operate six additional hotels. “MetWest had its own financial systems, as did HRI prior to the joint venture,” said Alan Baer, senior vice president of finance for HRIL and CFO of MetWest Terra Hospitality.
 
HRIL found that combining processes and updating its existing systems would be costly. “Our team visited Aptech offices to assess capabilities and the company’s culture,” said Baer. “We selected Aptech because it has extensive experience with growing multi-property, multi-PMS operations like ours. Aptech’s Targetvue, Execuvue and Profitvue solution suite is also more cost effective than upgrading our existing systems.”

“We do lots of reports for ownership," said Baer. "Aptech’s integrated platform for Targetvue budgeting and forecasting, Execuvue business intelligence and Profitvue back office GL will automate our financial processes.”
 
Aptech will also provide a mobile-ready dashboard so HRIL can remotely oversee performance for all properties. Baer said HRIL will take advantage of Execuvue’s pre-configured jump-start report packages for faster goal achievement.
 
Targetvue is a hospitality-driven budgeting and forecasting solution that is 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. Execuvue is a reliable IBM Cognos-based ASP enterprise hospitality business intelligence application that enables faster goal achievement for large and small hotel companies. Profitvue is a widely used thin-client, Internet-enabled enterprise back office solution that handles single or multi-property and multi-company accounting. Profitvue incorporates accounts payable, general ledger, statistics and financials.

Aptech is a provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem. Aptech offers customer-centric options for hosting, pricing and product solutions than any other hospitality-focused systems provider and serves more than 3,000 property clients. The company delivers customized, web-enabled solutions that can fit any operating requirement, including distributed accounting, centralized accounting, regional accounting or any combination needed to meet a company’s unique operation.



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