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Vendor Updates

Aptech Computer Systems, Inc.

2016 Fall
Pittsburgh, PA

Concord Hospitality Installs Targetvue Budgeting and Forecasting for 90 Properties
Aptech Computer Systems is an IBM Business Partner that offers Execuvue® Web-enabled Business Intelligence, Targetvue Budgeting and Forecasting, and Profitvue® and PVNG Enterprise Back Office systems that are 100 percent hospitality specific. Aptech is one of the only companies that provides a complete suite of financial management and analysis solutions for the hotel industry.

Concord Hospitality is the latest hotel company to implement the Targetvue budgeting and forecasting system. Concord automated the budgeting and forecasting process for more than 90 properties that include Marriott, Starwood, Hyatt, Choice, IHG and Hilton brands. 

Concord CIO Brian Cornell said, “Concord replaced its Excel models with Aptech’s Targetvue automated budgeting and forecasting solution. Targetvue reshaped Concord and positioned it for further growth. Today we are nimble and respond to changes in revenue and expenses faster. Our ability to forecast is much better and our ‘crystal ball’ is larger. We see further out more accurately.”

When forecasted top-line revenue changes, Targetvue’s budgeting automatically adjusts related expenses to make expense forecasting a simple process for hotel teams. “Our corporate executives, accounting teams, hotel leadership teams, revenue managers and owners all receive our forecasting reports daily. The reports are flexible and let us customize information for each customer,” Cornell said. “Aptech understands hospitality and multiproperty enterprise operations. They went the extra mile to help Concord develop a custom model and create processes and reports that deliver value to our ownership and management.”

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 consolidating and reporting.

Execuvue is Aptech’s 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 easily handles single or multiproperty and multicompany accounting, and incorporates accounts payable, general ledger, statistics and financials. Profitvue is available as an ASP service or on a licensed basis.

Webvue is a web-based extension of Profitvue that supports property accounting and reporting. Webvue is designed for limited-service hotels and is scalable to large enterprises. It enables properties to quickly and easily send and access financial and statistical data and generate reports online. The system provides real-time access to financials at any time from any location, and is centrally controlled and fully secure.

More than 3,500 properties rely on Aptech’s solutions. Aptech recognizes that each professional in the hospitality industry views accounting differently. The company delivers customized, web-enabled solutions that can fit any operating requirement. Aptech is a leading hospitality solutions company with 45 years of experience leveraging change. The company values human relationships, and applies its technology to solve complex business problems. Experienced hotel industry professionals support all of Aptech’s applications seven days a week and 24 hours a day.

For more information about Aptech and its products, please contact Cam Troutman at (800) 245-0720 or email vueinfo@aptech-inc.com.  

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