News for the Hospitality Executive |
April
26, 2011 –
Prospera Hospitality, a leading hospitality operator, has earned a
solid
reputation as a successful third-party property manager for
institutional
investors. Its current portfolio
contains 18 branded and independent hotels and resorts that includes
Marriott,
Hilton, DoubleTree, and Starwood
flags and encompasses both large full-service assets and select service
properties. A key part of the company’s
success is its centralized financial hotel
accounting software platform that enables Prospera’s team to
track each property’s daily performance and deliver flexible
reporting.
Managing by the numbers "Each of our ownership groups has different goals; some want to maximize cash flow; others are focused on value appreciation,” said Tim Breed, Prospera’s CFO. “We work to achieve their individual goals and also to balance guest experience with brand requirements and value." Prospera utilizes the Profitvue web-based enterprise accounting and performance management solution by Aptech Computer Systems that generates individual and multi-property general ledger, enterprise resource planning, accounts payable, statistics, and financials.
Cloud-based system adds multi-flag, multi-property accounting flexibility Since smaller select service properties usually do not have the staff to support on-property software, Prospera opted to run its accounting software as a web-enabled ASP solution that Aptech hosts from its secure data center. Prospera installs the Profitvue software as an on-site application at its larger full service hotels. “Profitvue’s cloud-based platform is a real benefit,” said Breed. “Our smaller properties do not have to install the software or be responsible for upgrading or backing it up." Properties require only a PC and Internet connection to access the accounting package. "Our full-service properties have the staff to oversee the system’s operation, and this platform flexibility is valuable,” said Breed. “Profitvue is a perfect system for our multi-property operation because it is reliable and has a wide variety of reporting capabilities." Breed gives Aptech high marks for its hospitality focus. "The Aptech team understands the industry and is continually updating the system to make it better for operators," he said. Prospera Hospitality Prospera Hospitality is a top level hospitality management company focused on balance, creativity, and quality. Founded in 2002 and headquartered in Pittsburgh, Pennsylvania, it is led by industry executives who have worked together for more than 20 years and share a wealth of experience with hotels and resorts in all markets. The company name comes from the Latin word for "good fortune." 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®, and Webvue®. 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. Execuvue and Profitvue are registered trademarks of Aptech
Computer
Systems, Inc. All other trademarks are owned by their respective
holders.
|
Contact: Prospera Hospitality Foster Plaza 9 750 Holiday Drive Pittsburgh, PA 15220 Phone: (412) 921-6200 http://prosperahospitality(dot)com Aptech Computer Systems Cam Troutman, Vice President 135 Delta Drive Pittsburgh, PA 15238 Phone: (800) 245-0720 or (412) 963-7440 Email: vueinfo(at)aptech-inc.com http://www.aptech-inc(dot)com Media Contact: Julie Keyser-Squires, APR Softscribe Inc. 180 River Springs Drive NW Atlanta, GA 30328 Phone: (404) 256-5512 Email: Julie(at)softscribeinc.com http://www.softscribeinc(dot)com |