Aptech, Recognized as The Industry Standard for Hospitality Financial Systems, Will Support Concords Multi-Brand Portfolio Expansion
Aptech Computer Systems will standardize Concord Hospitality’s accounting processes for 112 hotels on the PVNG Enterprise Hotel Accounting System to support expansion of Concord’s multi-brand portfolio. Headquartered in Raleigh, N.C., Concord Hospitality holds more than three decades of experience in operating leading hotel brands including Marriott, Hilton and Hyatt, among others, in all economic cycles and markets throughout North America. Aptech Computer Systems is the leading provider of business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems in the hospitality industry. The PVNG implementation is expected to take place this year and into early 2020.
In evaluating systems, Concord was seeking a partner that could enhance back-office financial functionality and would include tight integration to the hospitality company’s reporting, budgeting and forecasting platforms. Concord selected the PVNG Enterprise Hotel Accounting Software System for implementation at all of the company’s hotels.
“We tracked PVNG’s development for some time and after several demonstrations and meetings, the decision was clear,” said Brian Cornell, Chief Information Officer of Concord Hospitality. “PVNG was the best system to position Concord with a proven centralized hospitality accounting platform that would meet its requirements for years to come.”
The hospitality company has relied on Aptech’s systems for 20 years and currently uses Aptech’s Execuvue® Business Intelligence and Targetvue Budgeting and Forecasting systems. Click here for more on Aptech’s products and services.
Sam Costa, Aptech director of customer service and support, said, “We value our longstanding relationship with Concord and its team. Concord’s growth is truly impressive. Our PVNG hotel accounting software is a perfect fit to support Concord’s business goals that surround profitable operations based on optimizing financial data use. We are happy to have Concord as an Aptech client.”
“Aptech has met every implementation milestone and, with their track record, we would expect no less,” said Cornell. “We have a strong relationship with Aptech primarily due to its excellent customer service. Plus, Aptech has always adapted and been able to integrate new systems and processes. We value their customer-first approach and willingness to implement enhancements to their products. We expect our relationship to last for many more years.”
PVNG is the next generation of enterprise accounting. It is easy-to-use and engineered to accommodate a variety of deployment options that include both single and multi-property 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 and support all aspects of users’ system processes for professional hands-on support.
About Concord Hospitality Enterprises Company
As an award-winning hotel development and management company, Concord Hospitality Enterprises Company has spent the last three decades building relationships with investors, partners, and third-party hotel owners on more than $2.5 billion in premium-branded properties across the United States and Canada. As an operator, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and hands-on involvement to ensure long-term profitability and success. Concord Hospitality believes that its people are its greatest strength. With the brightest talent, the most innovative processes and a commitment to giving back to the communities where associates live and work, Concord Hospitality is committed to being a great place to work for all. Learn more at concordhotels.com.
About Aptech Computer Systems, Inc.
Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.
The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider, as well as a Prophix Premier Business Partner.
Incorporated in 1970, Aptech’s state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include PVNG, Execuvue® and Targetvue. Clients comprise over 3,500 properties – including large chains, multiple-property management companies and single-site hotels. Execuvue is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.
Aptech Computer Systems
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