J Hospitality and Development has implemented ProfitSword’s ProfitSage operational and financial reporting solution. A New Orleans-based development and management company that focuses on creating innovative solutions for hospitality, residential and commercial properties, J Hospitality now leverages ProfitSage to ensure the automated and accurate sharing of real-time performance data at all independent hotels in its portfolio.
Seeking a solution capable of consolidating and streamlining the forecasting and reporting abilities for each hotel location as well as integrating with the company's accounting platform, J Hospitality selected ProfitSage due its ability to seamlessly integrate and normalize data across many disparate systems to provide the entire organization with a single solution to manage performance and achieve optimal results. With ProfitSage, each hotelier is able to leverage an array of customizable data metrics in order to make informed strategic decisions based on real-time changes to business patterns. ProfitSage further allows each property to create multiple budget and forecast versions in order to account for "what-if" scenarios.
"By implementing the ProfitSage platform, we have been able to equip all of our independent properties with a financial experience that can cater to each hotel's specific data needs," J Hospitality and Development’s Karl Bulot said in a statement. "Being able to access the right performance data provides a significant competitive advantage in identifying opportunities or risks present within a hotel or its regional market. Customization of reports allows a corporate office overseeing multiple properties, the real-time ability to devise and maintain a successful company wide growth strategy."
ProfitSword's business intelligence solution allows J Hospitality to schedule and receive automated reports, to instantly provide up-to-date performance data without the need of manual data collection, and in-depth analysis to allow for labor reallocation and efficiencies in decision making. As a web-based user interface, ProfitSage provides the tools necessary for the end user to accurately plan, report, manage and communicate performance and results.