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,
Lightstone’s Business Intelligence Platform Gives Execs Portfolio Performance in the Palm of Their Hand
5 Reasons Why Hotel Business Intelligence Is the Future
Hoteliers Round Out First Half of 2018 With Consistently Strong Bookings and Rates
New Castle Hotels & Resorts Benefits From Maximized Data Management Efficiency and Transparency Since Partnering With ProfitSword
Pinnacle Hotel Management Integrates Accounting, Budgeting/Forecasting and Business Intelligence to Support Growth
ProfitSword Optimizes Sales Pace Data Tracking for a Leading Hotel Management Company
La Corsha Hospitality Group Migrates to Aptech PVNG Enterprise Accounting
Chartres Lodging Group and Kokua Hospitality Select Aptech for Business Intelligence, Budgeting/Forecasting, Enterprise Accounting
ProfitSword Experiences Unprecedented Growth in First Quarter of 2018
MDM Hotel Group Adds Aptech's Execuvue® Business Intelligence System to Its Suite of Financial Tools
Spring Hotel Outlook Shows Stability and Consistency in North American Markets
Aptech Computer Systems Announces Strategic Partnership With Inova Payroll
TravelClick and Google Expand Partnership to Help Hoteliers Maximize Revenue in an Increasingly Competitive Market
Panache Management, LLC Selects Aptech Business Intelligence and Enterprise Back Office
Urgo Hotels & Resorts Selects Aptech's Enterprise Financial Systems for 42 Properties
VAT in the Hospitality Sector in UAE
Guest Experience: How is it Changing the Future of the Hotel Business?
Closing Out 2017, North American Hoteliers See Solid Gains in Rates and Bookings
TravelClick and First Hotels Scandinavia Announce Exclusive Strategic Customer Relationship
Aptech's PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies
Please login or register to post a comment.