Concord Hospitality standardizes accounting processes

The PVNG implementation at Concord Hospitality is expected to take place this year and into early 2020. Photo credit: Aptech Computer Systems

Aptech Computer Systems will standardize Concord Hospitality’s accounting processes for 112 hotels on the PVNG Enterprise hotel accounting system to support expansion of Concord’s multibrand portfolio. Headquartered in Raleigh, N.C., Concord Hospitality has more than three decades of experience in operating leading hotel brands including Marriott, Hilton and Hyatt, among others. The PVNG implementation is expected to take place this year and into early 2020.
Concord was seeking a partner that could enhance back-office financial functionality and would include tight integration to the hospitality company’s reporting, budgeting and forecasting platforms.
“We tracked PVNG’s development for some time and after several demonstrations and meetings, the decision was clear,” Concord Hospitality CIO Brian Cornell said in a statement. “PVNG was the best system to position Concord with a proven centralized hospitality accounting platform that would meet its requirements for years to come.”
The hospitality company has relied on Aptech’s systems for 20 years and currently uses Aptech’s Execuvue business-intelligence and Targetvue budgeting and forecasting systems. 

Suggested Articles

Signing a deal a month, Jay Stein has a dream goal of 150 hotels for the company.

The British investment group will commit the capital over the next five years to fund the hotel group’s expansion into U.K. and Portuguese markets. 

David Kelly will oversee the operations of 57 hotels across 26 countries, effective January 1.