HRI Lodging upgrades accounting processes with Aptech

HRI Lodging hotels, like the DoubleTree Suites by Hilton in Salt Lake City, can create a financial analysts based on actionable business comparisons. Photo credit: Aptech Computer Systems

HRI Lodging upgraded its hotel accounting software for 25 properties with installation of Aptech Computer Systems’ PVNG enterprise back-office system. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, an internally managed, fully integrated owner, operator and developer of hotels and apartments. HRI Lodging manages properties with international flags such as Marriott, Hilton and Hyatt as well as independent boutique hotels in key markets across the United States. 
 
“We converted to PVNG from Aptech’s Profitvue back-office earlier this year,” Craig Devine, VP of finance and analytics at HRI Lodging, said in a statement. “It was a very easy progression to the new system as PVNG communicates seamlessly with our Execuvue Business Intelligence and Targetvue Budgeting and Forecasting systems. PVNG is fast and easy to use, plus it has a great general ledger for hospitality.”
 
PVNG is Aptech’s cloud-based next generation of enterprise accounting. It is user-friendly and engineered to accommodate a variety of deployment options that include both single and multiproperty accounting. PVNG hotel accounting software uses the most current technology platform and incorporates AP, GL, AR, statistics, financials, and a bank reconciliation, all with familiar browser navigation. PVNG makes it simple for operators to become 11th Edition-compliant by implementing its packaged chart of accounts and financial statements. PVNG’s hotel accounting software cloud platform lets Aptech monitor all aspects of users’ system processes for professional hands-on support.
 
“We operate 25 properties that include Marriott, Hilton, Hyatt, independents and soft brands,” Devine said. “PVNG has the ability to pull data from our brands and chain [property-management systems] into Execuvue and Targetvue for performance analysis and forecasts. The system’s multicompany, multiproperty capability allows us to create financial analysis based on brand, location or market for actionable business comparisons. When you put all three Aptech products together it creates a powerful, cost effective operational and financial platform.”

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.