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15 Properties in 12 Months Company expands portfolio by
15 properties without
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January 8, 2008 - When Konover Hotel Corporation
made the bold decision to grow the company by 15 properties in one year,
it did so with an eye toward vigilant cost
accounting with the goal of automating many of its back office processes.
Konover�s management team particularly wanted to streamline creation and
standardization of its new-hotel property financials for greater speed
and efficiency, but without adding personnel and their related expenses.
In the process of successfully implementing its goal, the company created
a culture of teamwork that is helping increase overall performance and
enhance property operations.
Reduced labor costs and third party investments Konover uses its Execuvue business intelligence software to analyze labor and other expense trends, both regionally and by property, and to assess the impact of turn-aways and other performance indicators to help manage each property more profitably. The system generates analysis reporting quickly and shows how costs affect the overall performance outlook; management can also export the Execuvue reports to Excel for monthly presentations. The company is processing invoices more efficiently, explained Jay Edelstein, controller of Konover Hotel Corporation. By implementing Profitvue, Konover eliminated its third-party AP invoice handling provider and began processing invoices itself for each hotel as soon as they are received, allowing Konover to make payments quickly. �We achieved our primary automation objectives,� said Edelstein. �Konover�s computerized financial reporting and business analysis processes make it possible for our accounting and AP staff to handle many more properties as we grow without increasing the number of employees.� According to Konover executives, back office automation has helped change the way they do business on a daily basis, and the company expects the benefits to support continue to support its future growth. About Konover Hotel Corporation Konover Hotel Corporation�s mixed portfolio includes limited and full service hotels, both franchised and independent, and an exposition center. With over fifty years of hands-on experience as a hotel owner and manager, Konover Hotel Corp. has the expertise in both operations and marketing to aggressively manage a hotel property. It is able to meet the challenge of opening a new hotel or repositioning an older property with a team of experienced personnel who have a thorough understanding of regional and national economic trends. This in-depth knowledge enables them to anticipate economic impacts and respond to market fluctuations. The company empowers its on-site staff to actively participate in the strategic management process, supported by Konover�s corporate professionals. This combination of on-site and corporate management results in increased performance and the highest standards of service and excellence. For more information please visit www.konoverproperties.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®, Webvue®, and Profitvue® are registered trademarks and MyExecuvue is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. |
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Konover Hotel Corporation
Aptech Computer Systems
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