In a move designed to empower hoteliers with greater financial clarity and control, Aptech, a leading provider of hospitality accounting software for over 50 years, recently unveiled its new Enterprise Accounting Dashboard at HITEC Charlotte. This innovative tool caters directly to the needs of hotel operators, offering a comprehensive at-a-glance view of a property’s financial health.
Responding to Customer Demand
Aptech’s commitment to exceptional customer service is well-known throughout the hospitality industry. Recognizing a growing need for swift access to financial and operational data, Aptech addressed this challenge by developing the PVNG Dashboard.
“Users requested a way to see critical metrics like accounts payable, general ledger details, and statistical data – all on a single screen,” explains Aptech President Jill Wilder. “Previously, generating such insights required running multiple reports and inquiries. We identified this as a gap in the PVNG solution and set out to bridge it.”
The Power of Real-Time Data
The PVNG Dashboard delivers a real-time snapshot of key performance indicators (KPIs) including:
- Bank Account Balances: Gain instant insight into the current balances of all your bank accounts.
- Top Vendor Invoices: Quickly identify outstanding invoices from your top five vendors.
- Accounts Payable Aging: Analyze the age of your accounts payable, categorized by current, 30+ days, 60+ days, and 90+ days outstanding.
- Comparative KPI Analysis: Track performance trends over time by comparing yesterday’s data, month-to-date figures, and year-over-year metrics for user-selected KPIs.
Enhanced Decision-Making
“Our customers are eager to see the PVNG Dashboard in action at HITEC,” says Wilder. “This tool grants real-time access to financial data, enabling hoteliers to monitor performance and identify trends as they occur. This immediacy empowers them to react swiftly to market shifts and operational challenges.”
The PVNG Dashboard empowers data-driven decision-making by consolidating information from various sources into a user-friendly interface. This eliminates the need for time-consuming report generation and analysis, allowing operators to focus on strategic initiatives.
Accessibility and Flexibility
Similar to Aptech’s Execuvue (Business Intelligence) and Targetvue (Budgeting & Forecasting) dashboards, the PVNG Dashboard boasts seamless accessibility from any web browser. This ensures hoteliers can access critical financial data anytime, anywhere, on their mobile phones, tablets, laptops, or desktops.
The PVNG Dashboard comes standard with the next software release scheduled for July 2024. “We encourage attendees at HITEC to visit Booth 2644 to experience the PVNG Dashboard firsthand and provide valuable feedback,” says Wilder. “This is the initial release, and we plan to continuously develop the dashboard based on customer input, incorporating additional features and flexibility.”
Aptech at HITEC Charlotte
PVNG: The Comprehensive Hospitality Accounting Solution
Ranked #2 out of 37 leading hospitality finance and accounting software solutions according to the 2024 Hotel Tech Report “Best Finance & Accounting Software” popularity index.
PVNG offers a robust suite of features designed to meet the demanding needs of today’s hotel operators, including:
- Accounts Payable & Receivable
- General Ledger & Statistics
- Financials & Bank Reconciliation
- Automated Invoice Processing
- Diverse Payment Options
- Drill-Down Capabilities in Financial Reports
- Single or Multi-Property Accounting Functionality
Executive: Business Intelligence at Your Fingertips
Aptech will also showcase its industry-leading ASP BI application, Execuvue, powered by IBM Cognos. Execuvue empowers hoteliers to leverage actionable insights through data visualizations of financial and operational data. Its user-friendly drag-and-drop interface simplifies reporting and analytics, while its comprehensive data portfolio configuration offers performance snapshots by region, brand, and property. Execuvue’s exceptional scalability, flexibility, and integration capabilities set it apart from competing BI solutions.
Targetvue: Streamlined Budgeting and Forecasting
Targetvue, Aptech’s innovative hospitality-focused budgeting and forecasting solution, will also be on display at HITEC. This solution empowers accounting teams to establish a single source of truth by consolidating reports, identifying trends, and eliminating the need to maintain and distribute outdated Excel spreadsheets. Automated forecast snapshots provide users with ad-hoc capabilities to access past and future performance projections.
