Pinnacle Hotel Management Automates Budgets and Forecasts for 26 Hotels with Aptech's Targetvue
December 2, 2014 6:33am
Major Marriott and Hilton Operator Simplifies Budget and Forecast Processes with Automated Property General Ledger Updates and Accurate, Easy to Maintain Reports
Pittsburgh, PA - December 2, 2014 - Aptech Computer Systems announced that Pinnacle Hotel Management implemented the Targetvue Budgeting and Forecasting solution for 26 Marriott, Hilton, and independent properties. Targetvue is a hospitality-driven enterprise system that enables operators to easily compare plans with performance on a daily basis. Properties can build and implement more flexible plans to achieve business goals. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech’s products and services.
Targetvue monitors individual properties and central budgets for strategic oversight
"We installed Targetvue to easily let us create accurate budgets and forecasts and for analysis," said Felicia Matula, CFO for Pinnacle Hotel Management. "Targetvue automatically downloads general ledger data into our budget and forecast analysis. It accommodates 'on the books' data reporting on a daily basis." Matula noted that Pinnacle previously used Excel spreadsheet budgets that were difficult to build and maintain. "Our formulas are locked in Targetvue. Each property manager has his or her input screen where they can monitor budgets for their hotels.
Aptech offers secure network hosting; Targetvue eliminates the need for the 'spreadsheet shuffle'
Aptech hosts Pinnacle's Targetvue system from its secure network facility. "When it is fully installed, Targetvue will track the status of each Pinnacle property's contribution to the plan in real-time. Our system will provide managers with a single combined view of an entire asset portfolio and where each property stands in comparison to plan," said Jill Wilder, Aptech vice president.
"Pinnacle also uses Aptech's Profitvue® Enterprise Back Office Accounting System to centralize financial reporting for all its properties," Matula said. "Profitvue is hosted centrally and its daily financials inform Targetvue's real-time consolidation and rollups. It eliminates the need to aggregate and combine multiple spreadsheets for consolidated reports. Aptech is an experienced technology partner that understands Pinnacle's business goals and works with us to achieve them."
Tags: aptech computer systems,
budgeting and forecasting,
The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider.
Incorporated in 1970, Aptech's state-of-the-art back office, true business intelligence, and enterprise planning solutions are 100% hotel specific. Solutions include Profitvue®, Execuvue®, Webvue®, and Targetvue. Clients comprise more than 3,200 properties - including large chains, multiple-property management companies, and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
Contact: Cam Troutman, Vice President
800-245-0720 or 412-963-7440
Contact: for media: Julie Keyser-Squires, APR,
Aptech's Execuvue® Delivers Next-Day Portfolio Analysis for Multiproperty Operators
Why June 2018 Will Be Good for Hotels and July 2018 Will Be Horrible
The Power of Integrated Back Office Solution for Hotels and Hotel Chains
Peachtree Hotel Group Chooses Profitsword for Business Intelligence Platform
Use This Technology to Ensure a Seamless Post-Stay Guest Experience
Three Hotel Companies Select Aptech PVNG Enterprise Accounting
TravelClick Releases New Demand360 Platform with Customizable Alerts
Top Hotel Management Company Implements Aptech’s Execuvue® Business Intelligence System
Hotelsoft Expands Its Development Center, Beefs Up Offerings
Why Do Companies Give up on Customer Service as They Grow?
Glacier House Hotels Installs Aptech’s PVNG Web-Based Enterprise Accounting
The Most Important Question Every Hotel Should Ask of Their Hotel Software Providers
Accubase Simplifies Hotel Marketing and Technology Solutions with Acculists
WoodSpring Hotel Property Management Implements Hotel Effectiveness in 107 WoodSpring Suites
The Rainmaker Group to Present Total Revenue Management Approach for Casino Hotels at INFORMS 2017
Aptech Computer Systems Launches New Service-Focused Website
Lightstone Installs Aptech’s Execuvue® Business Intelligence
TravelClick and Hilton Announce Expanded Data Partnership
American Liberty Hospitality Makes Owner Profitability Job One
Expanding Your Property Portfolio and Need to Streamline Operations Across All Your Hotels? Maestro PMS Helps Independents Achieve Their Goals
Please login or register to post a comment.