Panache Management installs Aptech’s business intelligence, accounting systems

Panache Management sets specific goals through budgeting, market share strategies, and guest experience initiatives for each of its hotel, including the Hampton Inn and Suites Shreveport South. Photo credit: Aptech Computer Systems

Panache Management selected Aptech Computer Systems’ Execuvue hospitality business intelligence and PVNG enterprise accounting systems to streamline property data gathering, performance analysis and centralize financial reporting for its eight hotels. Panache Management manages hotels with equity interest and its portfolio includes Hilton, Marriott, InterContinental, Choice and boutique hotels.
 
“Execuvue is more advanced at performance analysis and operational reporting,” Panache Management President Ed Ghanami said in a statement. “Our management style is performance-driven. We look at guest feedback, revenue, and expense trends every day. We set specific goals through budgeting, market share strategies, and guest experience initiatives for each key result area. Aptech’s PVNG accounting system and Execuvue allow us the opportunity to optimize performance and maximize profitability.”
 
Panache provides its leadership teams with relevant and timely reports to increase revenue, reduce operating expenses, and manage variances in advance in each profit center.

Suggested Articles

The Louis Group collection is tagged at a total enterprise value of €178.6 million. 

Barron Hilton, son of Hilton founder Conrad Hilton, served as president/CEO of Hilton from 1966 to 1996.

Kenny Kan is tasked with increasing the Outrigger portfolio through acquisitions and management contracts in Hawaii and global resort destinations.