Enterprise-wide Business Intelligence, Back Office
Technology to Drive Growth
Pittsburgh, PA – September 9, 2003 – H.I. Development Corp. selected web-enabled enterprise business intelligence and accounting solutions from Aptech Computer Systems, Inc. to centralize data and enable side-by-side comparison of vital statistics for its 13 properties, Aptech announced today. The Tampa, Florida-based company will install Aptech’s Execuvue® business intelligence application at corporate headquarters, and web-based Profitvue® and Webvue® back office systems for each of its properties.
“Hospitality leaders are cautiously optimistic with the nation’s economy growing almost 1% faster than expected during the second quarter,” said Jay Troutman, president of Aptech Computer Systems. Troutman based his comments on market news and his company’s half-dozen brisk enterprise system commitments since HITEC last June. “Holding value through the effective reduction of expenses is still the acknowledged new measure of operating success in our industry. Capturing and analyzing operating costs to better manage expenditures can reduce the expenses on a company’s P&L and instantly increase profitability.”
Installation at H.I. Development properties will begin the early part
of the fourth quarter and completed before year-end.
HI Development Corp., founded in 1959, has properties that encompass midscale business and leisure hotels to resort and luxury destinations such as the Carnegie Hotel & Spa, an East Tennessee landmark. The majority of H.I.’s properties are located in Puerto Rico and Florida, and include the high-volume Miami International Airport Hotel located at the hub of the airport’s busy international terminal. H.I. Development positions each property to outperform their competition in occupancy, average daily rate, guest satisfaction and profitability. With the new business intelligence application, H.I. Development’s corporate staff will be able to access critical measures driving their business, identify problems when they are small, not large, and assess trends as they develop, not when they have passed.
“Our clients are able to look at daily operating data, peer property trends, cost-per-occupied room comparisons, and Smith Travel Research comp sets on a real-time basis,” said Aptech’s Troutman. “Exceptions are highlighted and may be easily routed to the right decision makers each day. Business Intelligence is making its users better informed, more efficient operators and owners.”
Execuvue is an enterprise business intelligence tool for large and small hotel companies that quickly attaches to and organizes any combination of operational, accounting, labor, front office, and industry data, including Smith Travel Research (STR), with drag and drop simplicity. Execuvue is also available in a mobile format, deployed to a PDA, allowing executives to receive notification of user-defined benchmarks and giving access to key performance indicators and exception reports. Starwood Hotels and Resorts, Concord Hospitality, Host Marriott, Highpointe Hotels Corporation, American Property Management and other successful companies use Execuvue business intelligence.
Aptech, with over 700 installations, recognizes that professionals in the hospitality industry each view accounting differently. The company delivers customized, Web-enabled solutions that can fit any requirement, including distributed accounting, centralized accounting, regional accounting or any combination needed to meet a company’s unique operation.
About HI Development
|Also See||CHIP, Other Ownership Groups Eye New Scorecarding Tool To Communicate Common Vision of Enterprise Priorities, Control Costs, Raise Profit Margins in Tough Economy / June 2003|
|Dolce International Clicks Through Smith Travel Data To Chart Growth Plans, Increases Market Share 4 Percentage Points / June 2003|
|The Melrose Hotel Company Installs Business Intelligence Software to Stay Above RevPAR Curve / May 2003|
|Pineapple Management Benefits: Technology Vendor Invests in Back-Office System Advances for Operators; ‘New Economy’ Demands Greater Efficiency in Hospitality Operations / Mar 2003|
|Minnesota Hotel Operator Builds Success With Locations Near Chain Restaurants, Web-Based Centralized Accounting / Feb 2003|
|Business Intelligence Software Identifies, Controls Costs; Focuses on Improving Profitability for Hoteliers in 2003 and 2004 / Dec 2002|
|Mid-Sized Management Firm Bursts into Creative Boutique Market with Added Services, Web-Based Centralized Accounting / Sept 2002|
|Marriott, Hilton Management and Real Estate Firm Dominates New Construction Niche With Business Intelligence Software, Relationship Financing / Aug 2002|
|Starwood, Host Marriott Shine at New York Hospitality Investment Conference; Edge Ahead with Business Intelligence Tools, Rely on Aptech Applications / June 2002|
|Hotel Undergraduates Shift With the Industry Towards Business Intelligence / March 2002|
|Interstate Hotels Partners with Aptech to Install ASP Model; ASP Back Office Provides Value to Hotel Owners With Ability to Reduce Capital Outlay, Eliminate Maintenance Costs, Bring Faster Processing Speeds / June 2001|
|Jill Wilder Named Vice President and Officer of Aptech Computer Systems Inc. / May 2002|
|Survival Tactics; New Technology Directions Surface in Business Intelligence Survey / November 2001|
|Aptech Opens Business Intelligence Door for Small to Mid-sized Management Firms / October 2001|