Oliver Companies installs mobile enterprise accounting

PVNG automatically uploads property data, such as that from the Hampton Inn & Suites in Chandler, Ariz., to the Execuvue system nightly so management has same-day information on property performance. Photo credit: Aptech Computer Systems

Oliver Companies upgraded its back-office financial processes to Aptech Computer Systems’ PVNG enterprise accounting. Oliver Companies converted from Aptech’s Profitvue hotel accounting software to the web-based PVNG to enable mobile system access to company financials and property performance reports. Oliver Companies is based in Duluth, Minn., and operates 18 properties across eight states for brands from Hilton, IHG, Choice Hotels International and others.
 
“Oliver Companies upgraded its accounting platform to Aptech’s PVNG because it is a flexible, online enterprise solution that lets our team oversee operations while traveling,” Oliver Companies Assistant Controller Nicole Murphy said in a statement. “Mobile access is important to us. We have two offices and our CFO can log onto PVNG and work wherever she is. Plus, if we have a heavy snow day, we can work from our homes.”

Murphy noted that Oliver’s conversion to PVNG went well. “Aptech’s team helped us build processes for our 18 properties to share a standard format,” she said. “Our full-service conference properties have slightly different requirements than our limited service hotels.”
 
PVNG provides an easy to navigate architecture. Its robust functionality emerged from Aptech’s legacy application, Profitvue, used by thousands of hotel accounting professionals. PVNG supports one property or a large multibrand, multiproperty portfolio. It uses the most current technology platform and incorporates accounts payable, general ledger, accounts receivable, statistics, financials and a bank reconciliation, all with familiar browser navigation. PVNG also makes it simple to become 11th edition compliant by implementing its packaged chart of accounts and financial statements. 
 
“PVNG is easy to use because each field is clearly marked so we get our work done faster,” Murphy said. “The system’s processes are self-explanatory and intuitive. We just started a new accountant; he learned the system quickly and got started right away.”

Oliver Companies also uses Aptech’s Execuvue business-intelligence system. “PVNG automatically uploads property data to our Execuvue system nightly so we have same-day information on property performance to help us manage better,” Murphy said.

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Hotel Optimization Part 3 | January 27, 2021

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