HP Hotels, a third-party hotel management company with a portfolio of nearly 40 hotels in 17 states, implemented Broadvine’s cloud-based application to optimize hotel profitability.
Broadvine’s application provides accurate and reliable budgets and forecasts, real-time data and automated expense and labor management. By consolidating data from various property-management systems, benchmarking systems, labor systems and its accounting platform, HP Hotels will be able to easily view and analyze data and make quicker, more profitable decisions.
“We are committed to maximizing investment returns to our owners,” HP Hotels President and CEO Charles Oswald said in a statement. “This is accomplished, in part, by ensuring we continue to remain ahead of the curve to identify and employ ‘best-in-class’ solutions in the technology arena to optimize complex processes and systems to eliminate the waste of time, money, and resources. Broadvine’s solution to this challenge helps HP to blend data and technology, with our people and insights, to accomplish that goal and we look forward to a successful, mutually beneficial, partnership with their team.”
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.