Latest news with #Aptech
Hospitality Net
11-06-2025
- Business
- Hospitality Net
Aptech Unveils TVNG, Its Next-generation Budgeting and Forecasting Tool Purpose-Built for the Hospitality Industry
Pittsburgh, PA – Aptech, a leading provider of scalable accounting, business intelligence, financial planning and management solutions for the hospitality industry, today announced the launch of TVNG, its next-generation budgeting and forecasting solution for hotels. Designed to empower finance managers and department heads to make more informed decisions, TVNG ultimately enables organizations to achieve their strategic objectives. The solution actively engages budget managers with an intuitive non-Excel interface that walks them step-by-step through the process and allows them to document their reasons for each decision along the way. Purpose-built for hotels, TVNG provides property finance teams with a complete set of tools, controls, and built-in reports, with the ability to integrate with Excel for custom data crunching. It features flexible budgeting functionality using a guided approach with an interactive budget navigation map tailored to each department, which orients each user to where they are in the process and how they are doing against finance guidelines. With the integration of actual data from PVNG, blended forecasts are available throughout the year to manage against budgets, identify trends and track the specific data needed to make changes to your plan. TVNG has two forecasting options–at the account level or below the account level–plus, long-term projections can be generated using forecasts to estimate broader trends for strategic planning purposes. Ultimately, a hotel organization's budget needs to be a numerical expression of the strategic plan and that requires engagement, communication, and collaboration. TVNG offers a full suite of integrated components that on one side, ensures ease-of-use and a flexible budgeting process for department managers, and on the other side, more advanced tools developed specifically for the needs of the finance team. Aptech President Jill Wilder TVNG allows user-defined drivers, provides more accurate cost analysis, and adjusts the organization's bottom line accordingly–for a single property or across a full portfolio from one central location. Drivers are defined by the finance team as a control measure, so management can be assured that the right values are being used consistently across the entire organization. Self-service reporting through TVNG makes the budgeting process less complicated, so all approved users can run reports at any time to see a view of the data, as well as the rationale behind the data. With over 60 flexible standard reports available out of the box, all reports are configurable and immediately accessible to the finance team, budget manager or anyone who has the correct security privileges. Now, finance teams can build flexible driver-based budgets and forecasts, manage the planning process from a central location, and set goals for every area of their organization. TVNG is an incredible new solution for our hotel customers to add to their financial planning toolbox , continued Wilder. With our three industry-leading solutions for accounting—(PVNG), budgeting and forecasting (TVNG), and business intelligence (Execuvue)—hotel companies can better understand their financial data and turn it into actionable insights. Through our close customer relationships, we're able to continue to develop new solutions like TVNG in answer to the challenges these hotels face and provide the right tools that allow them to access more accurate data for their finance teams . Aptech will be demonstrating TVNG at HITEC 2025 in booth #3000 from June 17-19 at the Indiana Convention Center in Indianapolis. To schedule an appointment with the Aptech team at HITEC, please visit For more information on TVNG and the rest of Aptech's award-winning financial management, business intelligence and planning solutions for hospitality, please visit About Aptech | Aptech, a Jonas Hospitality Company, is a leading provider of enterprise accounting, business intelligence, financial planning and management solutions for the hospitality industry. Its award-winning solutions, which include PVNG, Execuvue and Targetvue, form an integrated technology ecosystem that is designed to help hoteliers at both the corporate and property levels understand their financial and operational data and provide actionable insights. With more than 50 years of experience in the hospitality industry, Aptech's state-of-the-art solutions are used by more than 3,500 properties across North America. For more information, please visit Andrea Mane
Travel Daily News
29-05-2025
- Business
- Travel Daily News
Spark by Hilton Winston-Salem University deploys Aptech's solution
Aptech launches PVNG Lite at Spark by Hilton Winston-Salem, offering independent hotels an efficient, tailored accounting solution to boost profitability. PITTSBURGH, PA – Aptech, a leading provider of scalable accounting, business intelligence, financial planning and management solutions for the hospitality industry, announces the deployment of its new PVNG Lite hotel accounting system at the Spark by Hilton Winston-Salem University in North Carolina. This milestone installation marks the beginning of a new chapter for independent and economy hotel operators seeking a powerful, hotel-specific alternative to generic accounting tools like QuickBooks. PVNG Lite is a streamlined version of Aptech's flagship PVNG platform, developed specifically for single-property operations that require essential accounting functions without the complexity or cost of enterprise-grade solutions. It includes modules for General Ledger and Accounts Payable, a robust financial dashboard, and flexible reporting capabilities – all within a modern, browser-based interface. 'PVNG Lite delivers the best of Aptech's 50 years of hospitality accounting experience in a solution that's purpose-built for hotels like Spark by Hilton,' said Jill Wilder, President at Aptech. 'We designed PVNG Lite to offer all the essential tools that single property accounting teams need – with none of the extras they don't – at a price that's accessible.' The 93-room Spark by Hilton Winston-Salem University opened in August 2024 following a full property renovation. It is owned by Wisdom Hotel LLC and operated by Wisdom Management LLC. The decision to implement PVNG Lite came at the recommendation of Ed Ghanami, a consultant with Professional Hotel Solutions, who had previously used Aptech's full PVNG system while managing hotels in Louisiana. 'Having worked with many of the major management companies and accounting systems in the industry, I can confidently say Aptech's solution stands out,' said Ghanami. 'PVNG Lite is efficient, intuitive, and provides the financial insights our team needs to improve profitability – especially the ability to drill down into expenses and income by market segment. The Aptech team made implementation smooth and successful, as always.' As a new brand in the Hilton portfolio, Spark by Hilton offers a premium economy experience focused on value, reliability, and comfort. The Winston-Salem property is strategically located just minutes from Wake Forest University and downtown, catering to both business and leisure travelers. This successful PVNG Lite deployment signals Aptech's continued commitment to supporting hotel operators of all sizes with scalable, industry-specific technology that evolves with their business.
Hospitality Net
28-05-2025
- Business
- Hospitality Net
Spark by Hilton Winston-Salem University Deploys Aptech's New PVNG Lite Hotel Accounting Solution
Pittsburgh, PA – Aptech, a leading provider of scalable accounting, business intelligence, financial planning and management solutions for the hospitality industry, today announces the deployment of its new PVNG Lite hotel accounting system at the Spark by Hilton Winston-Salem University in North Carolina. This milestone installation marks the beginning of a new chapter for independent and economy hotel operators seeking a powerful, hotel-specific alternative to generic accounting tools like QuickBooks. PVNG Lite is a streamlined version of Aptech's flagship PVNG platform, developed specifically for single-property operations that require essential accounting functions without the complexity or cost of enterprise-grade solutions. It includes modules for General Ledger and Accounts Payable, a robust financial dashboard, and flexible reporting capabilities—all within a modern, browser-based interface. PVNG Lite delivers the best of Aptech's 50 years of hospitality accounting experience in a solution that's purpose-built for hotels like Spark by Hilton. We designed PVNG Lite to offer all the essential tools that single property accounting teams need—with none of the extras they don't—at a price that's accessible. Jill Wilder, President at Aptech The 93-room Spark by Hilton Winston-Salem University opened in August 2024 following a full property renovation. It is owned by Wisdom Hotel LLC and operated by Wisdom Management LLC. The decision to implement PVNG Lite came at the recommendation of Ed Ghanami, a consultant with Professional Hotel Solutions, who had previously used Aptech's full PVNG system while managing hotels in Louisiana. Having worked with many of the major management companies and accounting systems in the industry, I can confidently say Aptech's solution stands out , said Ghanami. PVNG Lite is efficient, intuitive, and provides the financial insights our team needs to improve profitability—especially the ability to drill down into expenses and income by market segment. The Aptech team made implementation smooth and successful, as always. As a new brand in the Hilton portfolio, Spark by Hilton offers a premium economy experience focused on value, reliability, and comfort. The Winston-Salem property is strategically located just minutes from Wake Forest University and downtown, catering to both business and leisure travelers. This successful PVNG Lite deployment signals Aptech's continued commitment to supporting hotel operators of all sizes with scalable, industry-specific technology that evolves with their business. For more information on PVNG Lite and the rest of Aptech's award-winning financial management, business intelligence and planning solutions for hospitality, please visit About Aptech | Aptech, a Jonas Hospitality Company, is a leading provider of enterprise accounting, business intelligence, financial planning and management solutions for the hospitality industry. Its award-winning solutions, which include PVNG, Execuvue and Targetvue, form an integrated technology ecosystem that is designed to help hoteliers at both the corporate and property levels understand their financial and operational data and provide actionable insights. With more than 50 years of experience in the hospitality industry, Aptech's state-of-the-art solutions are used by more than 3,500 properties across North America. For more information, please visit Andrea Mane
Business Standard
09-05-2025
- Business
- Business Standard
Aptech consolidated net profit rises 79.64% in the March 2025 quarter
Sales rise 14.06% to Rs 118.69 crore Net profit of Aptech rose 79.64% to Rs 4.94 crore in the quarter ended March 2025 as against Rs 2.75 crore during the previous quarter ended March 2024. Sales rose 14.06% to Rs 118.69 crore in the quarter ended March 2025 as against Rs 104.06 crore during the previous quarter ended March 2024. For the full year,net profit declined 34.30% to Rs 19.08 crore in the year ended March 2025 as against Rs 29.04 crore during the previous year ended March 2024. Sales rose 5.33% to Rs 460.10 crore in the year ended March 2025 as against Rs 436.81 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 118.69104.06 14 460.10436.81 5 OPM % 6.554.59 - 6.309.47 - PBDT 11.259.06 24 44.0355.83 -21 PBT 9.306.66 40 35.5047.46 -25 NP 4.942.75 80 19.0829.04 -34
