HRI Lodging Selects Aptech Targetvue, Execuvue BI, and Accounting to Simplify Reporting at 17 Hotels
Why Aptech? HRI Cites Easy-to-Use Property Performance Reports, Automated Multi-Property and Multi-System Data Gathering, Cost Effective Hosted Implementation
In mid 2013, 11-property HRIL expanded via a joint venture with MetWest Terra Hospitality to operate 6 additional hotels. "MetWest had its own financial systems, as did HRI prior to the joint venture," said Alan Baer, Senior Vice President Finance for HRIL and CFO of MetWest Terra Hospitality. HRIL found that combining processes and updating its existing systems would be costly. "Our team visited Aptech offices to assess capabilities and the company's culture," Baer said. "We selected Aptech because it has extensive experience with growing multi-property, multi-PMS operations like ours. Aptech's Targetvue, Execuvue, and Profitvue solution suite is also more cost effective than upgrading our existing systems."
Aptech will automate all HRIL's financial processes and reporting
"We do lots of reports for Ownership. Aptech's integrated platform for Targetvue budgeting and forecasting, Execuvue business intelligence, and Profitvue back office GL will automate our financial processes," Baer said. Aptech will also provide a mobile-ready dashboard so HRIL can remotely oversee performance for all properties. Baer said HRIL will take advantage of Execuvue's pre-configured 'jump-start' report packages for faster goal achievement.
Targetvue is a hospitality-driven budgeting and forecasting solution that is fully integrated with its Profitvue accounting and Execuvue business intelligence systems. Targetvue eliminates the need to correct and recombine multiple spreadsheets for consolidating and reporting. Execuvue is a reliable IBM Cognos-based ASP enterprise hospitality business intelligence application that enables faster goal achievement for large and small hotel companies. Profitvue is a widely used thin-client, Internet-enabled enterprise back office solution that handles single or multi-property and multi-company accounting. Profitvue incorporates accounts payable, general ledger, statistics, and financials.
Aptech is the hotel industry's only provider of a fully integrated enterprise accounting, business intelligence, and planning ecosystem. Aptech offers 100% more customer-centric options for hosting, pricing, and product solutions than any other hospitality-focused systems provider and serves more than 3,000 property clients. The company delivers customized, web-enabled solutions that can fit any operating requirement, including distributed accounting, centralized accounting, regional accounting, or any combination needed to meet a company's unique operation.
About HRI Lodging
HRI Lodging, LLC (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 17 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties via MetWest Terra Hospitality as well as partnering with industry leading brands, including Marriott, Hilton, Hyatt, Starwood, and Intercontinental Hotel Group. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is: Revitalizing Cities by Creating Diverse, Vibrant, and Sustainable Communities. Visit http://www.hrilodging.com/ for more information.
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. 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 is a hospitality financial and operations technology solutions and service company. Aptech's state-of-the-art back office, business intelligence, and enterprise planning products include Profitvue®, Execuvue®, Webvue®, and Targetvue. Clients comprise more than 3,000 properties - including large chains, multiple-property management companies, and single-site hotels. Aptech's solutions help customers understand their financial and operational data to lower expenses or increase profitability. 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.