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.”
