Lodging Hospitality Management (LHM) Selects Broadvine to Optimize their Portfolio Performance
Broadvine, a leader in Financial Performance Management software for the hospitality industry, announced today it is implementing its cloud-based application to optimize hotel profitability for Lodging Hospitality Management (LHM), one of the premier owners and operators of hotels, restaurants, and commercial properties in the Midwest.
Raleigh, NC -- Broadvine, a leader in Financial Performance Management software for the hospitality industry, announced today it is implementing its cloud-based application to optimize hotel profitability for Lodging Hospitality Management (LHM), one of the premier owners and operators of hotels, restaurants, and commercial properties in the Midwest.
Broadvine's application provides real-time data and analysis for use in making more strategic and profitable decisions. By consolidating data from various property management systems, third party data sources, their time and attendance system and their accounting platform, LHM will have complete revenue and statistical analysis reports and insights from which to make better decisions - all in real-time and across their portfolio of hotels.
"LHM has a vast portfolio of full-service and select-service properties with various departments and complexities," said Shawn Barber, CEO of Broadvine. "Switching from Excel as their primary tool to Broadvine will allow LHM to reduce the time spent accumulating data and creating reports so more time can be spent evaluating the information and driving more strategic decisions."
"Broadvine's application will help us continue to drive increased revenues compared to the market and deliver on our financial and guest satisfaction goals," said Norm Alfaro, VP of Finance at Lodging Hospitality Management. "Broadvine's robust reporting and labor analysis tools will greatly reduce the time we spend manipulating data and allow us to focus on providing an exemplary experience to guests staying at our hotels. We look forward to using Broadvine to identify opportunities to increase profitability and leverage best practices across our portfolio of hotels."
About Lodging Hospitality Management (LHM)
Lodging Hospitality Management (LHM) is an independently owned and operated lodging and hospitality management company. In the past 28 years, LHM has expanded its portfolio with 17 properties - both upscale, independent, and brand affiliated hotels, eight restaurants, and two commercial properties. LHM - the choice management company in the Midwest and beyond - is committed to using a pioneering spirit to responsibly meet the challenges of tomorrow. LHM continue to build an exceptional company that customers value, investors prize, and where associates flourish.
About Broadvine
About Broadvine
Broadvine delivers financial performance management software to help hotel management companies and ownership groups increase profitability and operational efficiencies across their portfolio. Broadvine"s software-as-a-service application consists of Reporting, Forecasting, Labor, and Expenses Management modules – providing a robust and flexible platform. Broadvine is utilized by 25 management companies and almost 1000 properties worldwide. For more information, visit www.broadvine.com.
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