| Wedding | Fashion | Home | Onlypunjab Email
World News
Gadget News
Infotech News
Entertainment News
UK News
Culture News
ERP News
Science News
Asia News
Business News
Tech News
Webmaster News
Asia News
Hardware News
Security News
Legal News
South Asia
Africa News
Animal News

We Have Recently Made Changes to Our Website, If you are unable to find something Specific, Please Search Below


News

Website Main Page | News Main

Multi-Flag Operators Support Growth with Centralized Systems, Partner with Tech Provider

Publish Date : 5/24/2007 7:30:00 AM   Source : Travel and Hotels News Onlypunjab.com

Two successful hotel companies that operate different types of properties in various markets, and employ diverse growth strategies, enjoy similar success by expanding their portfolios with the help of centralized accounting software and standardized reporting.

Alabama-based PCH Hotels & Resorts, the resort division of the Robert Trent Jones Golf Trail, manages eight upscale and upper-upscale resorts. The Marriott- and Renaissance-flagged destinations feature world-class golf, fine dining and European-style spas. All are owned by the employees' Retirement Systems of Alabama.

Charter One Hotels & Resorts provides on-site management, turnaround services, development guidance, food and beverage consulting and sales and marketing for multiple ownership groups. The company's portfolio includes Hampton Inn, Holiday Inn, Radisson, Best Western and Ramada brands and two independents. About a third of its 11 properties across Florida and New York are full-service.


"A successful strategy for us is to focus on downtown and second-tier markets where our full-service hotel is the only full-service property in the area," said Larry T. Tyner, corporate controller for Sarasota, Fla.-based Charter One.

While each company is unique, one thing both have in common is their long-time partnership with Aptech Computer Systems which provides the Profitvue enterprise financial reporting software solution used by each for centralized financial controls, cost accounting, data collection, information access and hotel management. Both Charter One and PCH have worked with Aptech for over five years utilizing Profitvue to support their rapid expansion.

"PCH has grown quickly from a single hotel to eight large resorts," said Tony Davis, chief financial officer for PCH Hotels & Resorts. "We discovered the Profitvue back office system after we acquired a property that was using it. It worked so well we standardized on Profitvue as we expanded. It is a comprehensive hospitality financial planning software system that supports all our resorts centrally from PCH's corporate headquarters." Davis said PCH's use of global chart of accounts makes the system ideal for a company with multiple properties. "Our relationship with Aptech is like a partnership. No one on my staff has to ask a support question twice because Aptech's team knows the hotel business."

Davis explained that Profitvue makes it a simple matter to add properties and ownership entities to its portfolio by applying PCH's accounting formats, general ledger codes and reporting used by their other resorts. "Profitvue is a scaleable hotel computer system and supports all our hotels on one server. We utilize the same hardware platform for all our resorts, which is an efficient use of resources and saves us money."

Charter One Hotels & Resorts also partners with Aptech to leverage centralized financial accounting technology that supports its growth strategy.

"We have been using Profitvue for eight years and developed an strong technology partnership with Aptech," Tyner said. "Adding properties to Profitvue is effortless, principally because we created a standard chart of accounts that works for all our properties. We pooled resources with Aptech to develop hospitality reports and financials; their understanding of hospitality operations is an asset to our business."

Tyner explained that Charter One maintains management control centrally by accessing individual property data daily in Profitvue and then running queries to monitor performance. "We compare similar propertys' performance side by side in Profitvue, then go looking for metrics that are different between hotels. This kind of flexible reporting is great for problem solving. For example, when we recently compared utility costs at properties in the same market, we noticed the expense for electric utilities was very high at one property." Tyner said his team discovered an onsite accounting employee was billing power to the wrong account. Correcting the error resulted in an improved bottom line. "We would not have caught that mistake if we were not comparing expenses for the two properties on one report. The beauty of Profitvue is that it offers consistent reporting that lets us analyze the numbers without going out of our way to do it."

PCH's Davis said his accounting staff prefers Profitvue because it is tailored to the hotel industry and easy to use. "Since it is designed for the hospitality companies, the system delivers many advantages that generic accounting systems lack. Getting performance information out of the Profitvue is simplified, and entering data over the Internet is effortless with Aptech's Thin Client version of Profitvue. Data security is important to us and the system offers excellent protection from unauthorized access."

Centralizing its multi-property accounting enabled PCH to become more efficient with its accounting staff as well. "Each time we add a hotel, we are gaining efficiencies in staff utilization," Davis said. "We leverage centralized accounting for much greater efficiency. Profitvue's flexibility is very helpful because we can oversee each hotel's operations centrally via codes on one server so we can centralize the general ledger, corporate consolidations and other functions."

About Charter One Hotels & Resorts
Headquartered in Sarasota, Florida, Charter One provides hotel management services to the hotel industry. The company offers on-site management, renovation, turnaround and development consulting, food and beverage consulting, and hotel sales and marketing services. Charter One is recognized as one of the top hotel management companies with proven tangible results. This philosophy is implemented through careful planning, employee training and motivation. Annual budgets and marketing plans are developed to combine current profitability with long term asset growth based on current and future market conditions. Management style is hands on with an emphasis on creative marketing, service excellence and operational efficiency.

About PCH Hotels & Resorts
PCH Hotels & Resorts, Inc. is a growth-oriented management company that currently manages three resort style properties, a downtown hotel and a Conference Center. The properties include:
Grand Hotel Marriott Resort, Golf Club & Spa - A 405 room resort in Point Clear, Alabama; The Auburn Marriott Opelika Hotel & Conference Center at Grand National - A 129 room Executive Conference Center in Opelika, Alabama, located on The Grand National Robert Trent Jones Golf Course; Montgomery Marriott Prattville Hotel & Conference Center at Capitol Hill - A 95 room Conference Center in Prattville, Alabama, located on the Capitol Hill Robert Trent Jones Golf Course; Marriott Shoals Hotel & Spa - A 200 room hotel in Florence, Alabama. Renaissance Ross Bridge Golf Resort & Spa - A 258 room Golf Resort & Spa outside of Birmingham. Battle House, a historic 238-room Renaissance Hotel in Mobile, and Riverview Plaza Hotel - a 377 room hotel located next to the Mobile Convention Center. The Renaissance Montgomery Hotel & Spa at the Convention Center is scheduled to open in February 2008 and will feature 346 luxury guest rooms, a convention center and a performing arts center.

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: ProfitvueÒ, ExecuvueÒ and Targetvue. Over 1,100 users, including very large chains, multiple-property management companies and single site hotels, utilize Aptech solutions to understand their financial and operational data. By offering the hotel industry a solid resource of hospitality professionals, and through its proven ability to evolve technology offerings as the market dictates, Aptech is proud to have earned 100% customer loyalty. Execuvue and Profitvue are registered trademarks and MyExecuvueÒ is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders.

Contact:                                                        Media Contact:
Aptech Computer Systems                 Julie Keyser-Squires, APR
Jill Wilder, Vice President      OR         Softscribe Inc.
135 Delta Drive                                Phone: 404-256-5512
Pittsburgh, PA 15238
Phone: 800-245-0720 or (412) 963-7440
http://www.aptech-inc.com?campaign=PRWebPCHCapitalOneMay242007  



Onlypunjab.com
HoneymoonersReviewGuide.com Releases Results of Major Honeymoon Survey         Publish Date : 7/24/2007 7:24:00 AM  
What are honeymoon couples saying upon their return home? How romantic was their honeymoon? How much did it cost? What....

ThermaSol Introduces Stylish Controls and Groundbreaking New Steam Bath Equipment for the Home Spa         Publish Date : 7/24/2007 7:24:00 AM  
ThermaSol celebrates 50 years as the leader in steam by introducing several industry firsts. Fortunately, steam shower owners...

Thailand Golf Tour Operator, Golfasian, Records Record Sales, Expands Operations and Announces New Positions         Publish Date : 7/24/2007 7:24:00 AM  
Golfasian, a leading Thailand golf tour operator, has expanded its Bangkok operations following a significant 126% increase...

Mobility Products & Design Announces AMKAR -- Wheelchair Accessible Electric Car         Publish Date : 7/23/2007 7:22:00 AM  
Mobility Products Design (MPD) announced today that AMKAR is available for sale to the public through a limited number of...

Excitement is in the Air in Niagara Falls as Adventure Attractions Grow         Publish Date : 7/23/2007 7:22:00 AM  
For decades, Niagara Falls has been known for honeymoons and family-friendly fun, but this popular Canada destination has another...

Now is the Time to Book Your Fall Colours Kawartha Cottage Package         Publish Date : 7/23/2007 7:21:00 AM  
There has been a slight shift in cottage country tourism resulting in more people traveling throughout the fall season. Tourists ....

Leading Travel Insurance Comparison Site Launches Plans from Global Underwriters         Publish Date : 7/23/2007 7:21:00 AM  
Squaremouth, the industry leader in travel insurance comparison shopping today adds Global Underwriters products to its lineup. "We are always...

Green Mountain Inn Named to Boston Magazine's 2007 'Best of New England' and Expedia.com's 'Insider's Select'         Publish Date : 7/22/2007 7:19:00 AM  
New England is home to hundreds of critically acclaimed restaurants, award-winning resorts and quintessential inns, however...

Bemus Bay Condos Already 30% Pre-Sold         Publish Date : 7/22/2007 7:19:00 AM  
Sales of new lakefront condominiums under construction in the historic village of Bemus Point have been brisk according...

Grand Hotel Marriott Receives National Recognition for Golf and Wedding Offerings         Publish Date : 7/22/2007 7:17:00 AM  
The Grand Hotel Marriott Resort, Golf Club and Spa has earned the 2007 Gold Tee Award for Excellence in Golf and Meeting Facilities ....

Total Results : 4966  
More News (Opens in New Window) :    [1]   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   211   212   213   214   215   216   217   218   219   220   221   222   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   279   280   281   282   283   284   285   286   287   288   289   290   291   292   293   294   295   296   297   298   299   300   301   302   303   304   305   306   307   308   309   310   311   312   313   314   315   316   317   318   319   320   321   322   323   324   325   326   327   328   329   330   331   332   333   334   335   336   337   338   339   340   341   342   343   344   345   346   347   348   349   350   351   352   353   354   355   356   357   358   359   360   361   362   363   364   365   366   367   368   369   370   371   372   373   374   375   376   377   378   379   380   381   382   383   384   385   386   387   388   389   390   391   392   393   394   395   396   397   398   399   400   401   402   403   404   405   406   407   408   409   410   411   412   413   414   415   416   417   418   419   420   421   422   423   424   425   426   427   428   429   430   431   432   433   434   435   436   437   438   439   440   441   442   443   444   445   446   447   448   449   450   451   452   453   454   455   456   457   458   459   460   461   462   463   464   465   466   467   468   469   470   471   472   473   474   475   476   477   478   479   480   481   482   483   484   485   486   487   488   489   490   491   492   493   494   495   496   497      Next Page
Site Meter

Canada News
Gadget News
Infotech News
Europe News
Health News
Middle East
Sports News
Advertising News
America News
Application News
Asia Pacific
Software News
Education News
Networking News
Technology News
Entertainment News
Add Your Link to Our Directory
Health Care Message Board
Travel News
Fitness News
Onlypunjab Coop | Latest News | Reprint Articles | meditation techniques |
Advertisment >> Search Engine Ranking, Link Building, Website Hosting at Affordable Cost
Copyrighted Material © Onlypunjab.com 1998 - 2004.      Maintained & Designed by gdtech