National Hospitality Services, a hospitality management company based in Fargo, N.D., with a portfolio of 32 hotels in 14 states, is implementing Broadvine’s cloud-based application to optimize portfolio profitability.
Broadvine’s application provides accurate, reliable budgets and forecasts, real-time reporting data and labor insights. By consolidating data from the property-management system, labor and accounting systems, NHS will have central access to portfolio performance data to analyze and enable faster decisions to optimize profitability.
“Our company is currently going through a period of unprecedented growth, and we are looking forward to being able to tap into the business and financial insights provided by Broadvine that will help us optimize our performance as we start this new chapter for NHS,” Greg Tankersley, SVP of operations and sales at National Hospitality Services, said in a statement.
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 expense-management modules, providing a flexible platform.