Noble Investment Group Implements Aptech's Targetvue Budgeting and
Forecasting System, Execuvue Business Intelligence

Noble automates business analysis, budget planning to
support growth of rapidly expanding portfolio

.
PITTSBURGH, December 5, 2007 –   Aptech Computer Systems, Inc. announced today 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 & forecasting)
Targetvue budgeting, Execuvue business intelligence support expansion

Noble added 10 properties in the past year, and Mark Cunningham, Noble’s director of financial planning, reporting & analysis noted that the organization is using Targetvue to enhance budgets and forecasts for individual hotels and then create roll-ups 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 emails daily performance numbers to Noble’s executive team. 

Replacing spreadsheets with business intelligence

“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 made up 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. 

About Noble Investment Group

Noble investment Group sponsors a series of private equity real estate funds and is an integrated operating and development organization that specializes in making value-added investments in hotels and resorts throughout North America.  An award-winning operator of more than 8,000 resort and hotel guest rooms, convention and conference centers with approximately 1,000,000 sq. ft. of meeting space, as well as championship golf, day and resort spas, upscale restaurants, and branded retail coffee stores, Noble and its predecessors have realized superior risk-adjusted returns while acquiring and developing nearly $2 billion in lodging and hospitality assets.

Noble’s current discretionary private equity fund represents $310 million of equity commitments and the organization expects to invest more that $1 billion in assets during the next two years. www.nobleinvestment.com

About Aptech Computer Systems 

Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, leads the hospitality industry in leveraging change by valuing human relationships and applying technology to solve business problems for people. 

Incorporated in 1970, Aptech is a financial and operations technology solutions and service company whose products include two state-of-the-art back office and business intelligence products: Profitvue®, Execuvue®. Over 2,500 users, including very large chains, multiple-property management companies and single site hotels, utilize Aptech solutions to understand their financial and operational data.  By offering the hotel industry a solid resource of hospitality professionals, and through its proven ability to evolve technology offerings as the market dictates, Aptech is proud to have earned 100% customer loyalty.  Execuvue and Profitvue are registered trademarks and MyExecuvue® is registered to Aptech Computer Systems, Inc.  All other trademarks are owned by their respective holders.


 
Contact:

Noble Investment Group
1100 Monarch Tower
3424 Peachtree Road
Atlanta, Georgia 30326
Phone: 404-262-9660
www.nobleinvestment.com

Aptech Computer Systems
Jill Wilder, Vice President
135 Delta Drive 
Pittsburgh, PA 15238 
Phone: 800-245-0720 or (412) 963-7440
Email:  vueinfo@aptech-inc.com
http://www.aptech-inc.com

Media Contact:
Julie Keyser-Squires
Softscribe Inc.
Julie@softscribeinc.com
(404)256-5512
http://www.softscribeinc.com
 


 
Also See Oliver Companies Credits Rapid Growth to Well-Trained Employees, Effective Performance Management Tools; Owner operator with short hospitality history develops, acquires seven hotels in three years / October 2007
Strand Development Nearly Doubles Portfolio - Automates Ownership Services with Tech Partner; Strand adds 12 properties, but only one additional accounting staffer / October 2007
Business Intelligence: How Dashboards Drive Profitability; Is your business running hot or cold? Check the dashboard / June 2007
Aptech Computer Systems Launches Innvue; Increases Multi-Property Data Gathering Capabilities; Innvue provides web-based data capture, eliminates manual spreadsheets / June 2007
Multi-Flag Operator Leverages Shared Intelligence for Centralized Financial Reporting, ROI for Owners Boykin Management Company uses enterprise-wide Web platform to fine-tune property performance for ownership success / June 2007
Multi-Flag Operators Support Growth with Centralized Systems, Partner with Tech Provider; PCH Hotels & Resorts and Charter One Hotels & Resorts maintain steady growth with scalable corporate systems / May 2007
Aptech's ASP-Based Accounting Software in High Demand by Chains, Properties; Saves properties money, eliminates system responsibility / March 2007
Extended Stay Hotels Installs Aptech's Execuvue Business Intelligence for 681 Properties; Aptech BI system helps lower operating costs, boosts value / Februrary 2007
Sage Hospitality Resources Satisfies Owners, Associates and Guests for Portfolio Growth; 48-Property Sage Combines Financial Metrics with Guest Information for Real-Time Budgets, Forecasting to Boost Property Performance / January 2007
Aptech Blasts Past 2,500-Property Milestone; Hospitality business intelligence becomes a mainstream “must-have” business solution / January 2007
Konover Hotel Corporation, Boykin Management Select Aptech Financial Systems; Konover's 20 properties and 10 Boykin hotels to standardize on Aptech financial platform / November 2006
Merritt Hospitality Installs Aptech's Market-Leading Business Intelligence Solutions; Merritt uses BI solutions to gather, analyze daily data from 31 properties; eyes growth and $500 million in acquisitions annually / August 2006
Aptech’s Data Manager Automates Multi-Property Information Gathering; Replaces Manual Spreadsheets, Centralizes Financial Data for Faster Decisions / June 2006
At Pinnacle Hotel Management, GM Entrepreneurs and Centralized Accounting Support Growth; When the corporate office handles / May 2006
Benchmark Selects Aptech’s Customized Software Solutions for 33 Properties / March 2006
It is 10am: Do You Know How Much Money Your Owners Made Last Night? Strand Development Company Does; Multi-flag operator provides customized owner financials, forecasting techniques with dashboard business intelligence hotel software / February 2006
Former Wyndham-Controlled Hotels Install Profitvue? Back Office to Improve Accounting / January 2006
Sentry Hospitality Installs Aptech ASP Centralized Accounting / October 2005
36-Property Hersha Hospitality Trust Selects Market Leader Aptech / June 2005
Aptech Announces Targetvue; Automates Enterprise Planning and Budgeting; Targetvue is Newest Application for Driving Growth Goals, Profitability for Owners and Operators / June 2005
Ashford Hospitality Trust Selects Aptech for 54-Property REIT / June 2005
Winner’s Circle: Interstate Hotels & Resorts Teams with Trusted Suppliers to Deliver Security, Profitability to Owners / December 2004
ARAMARK Harrison Lodging Grows Conference Center Niche Through Marketing, Services and Strong Financial Reporting / October 2004
Midscale Operators Navigate with Centralized Business Intelligence, Enterprise Accounting; Use 2/3 Less Accounting Staff / June 2004
Aptech Computer Systems Completes Rollout of its Profitvue® ASP Enterprise Back Office Accounting System for Amerimar Enterprises, Inc. / June 2004
Real Estate Developer Belz Enterprises Boosts Corporate Value with Hotel Group Business Intelligence Gains - Prestigious Peabody Hotel Group Operates Paperless; Internet Back-Office and Business Intelligence Reduce AP Staff 33%, Cuts Month-End Close 20% / June 2004
Leading Extended Stay Management Company Creatively Uses Business Intelligence to Direct 85% Growth / January 2004
#1 Owner Group Priority: Performance Management for Investors / The Melrose Hotel Company Studies New Process toHospitality That Includes Goal Setting, Goal Tracking, and Data Analysis / December 2003
Big Box Hotels, Boutiques Share Design Styles; Standardize Data, Financials To Support Long-Term Growth of Real Estate Parent / October 2003
Economy Brightens: H.I. Development Corp. Picks Enterprise-wide Business Intelligence, Back Office Technology to Drive Growth / September 2003
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


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.