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Standardize Financial Reporting Across Portfolio Ability to support extensive
chart of accounts supports company�s
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PITTSBURGH, January 22, 2008 � Aptech
Computer Systems, Inc., the leading provider of business intelligence and
back office systems for the hospitality industry, announced today
that Coral Hospitality will standardize and streamline its accounting operations
and financial reporting on Aptech�s Profitvue back office financial accounting
software solution. Coral Hospitality is a full service management
and investment company specializing in hotels, clubs and residential communities
that manages a portfolio of 35 properties and anticipates adding 10 more
hotels and clubs in the next two years. The company provides both
centralized and decentralized accounting services and has installed Profitvue
in four properties to date. Coral expects to roll the system out
to its portfolio as part of the company�s strategy of intelligent growth.
First-class Financials Schaeffer said Coral�s financial technology expectations were precise; the system must be easy to use, operate as a standalone at each property, yet provide its corporate team with access to property operations. In addition, the system had to be flexible enough to administer Coral�s extensive chart of accounts and support the company�s other unique requirements. �Our focus is on operational financial management, not data entry or extraction,� he said. �Profitvue allows us to be proactive, not reactive and that�s how we will build on our goal of providing solid financial returns for owners.� About Coral Hospitality Coral Hospitality is a full service hospitality management and investment company specializing in hotels, clubs and residential communities. All properties meet exacting standards of service and reflect the distinctive qualities of their destinations through architecture, interior design, services and amenities. The hotel properties they manage are marketed collectively to the growing number of leisure and business travelers seeking the unique experiences provided by independent hotels. Coral Hospitality continues to pursue a growth plan to enhance its portfolio with new hotels and clubs in the United States and Internationally with a focus in the Caribbean, as well as identifying additional capital partners with similar interest in developing and managing unique properties within the hospitality industry. 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 state-of-the-art back office, business intelligence and enterprise planning products: Profitvue®, Execuvue®, Webvue® and Targetvue. Over 2,500 properties, 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:
Coral Hospitality
Aptech Computer Systems
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