Concord Hospitality Standardizes Accounting on Aptech’s PVNG Cloud-Based Enterprise Financial System

Michal Christine Escobar
Senior Editor, Hotels
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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 hotel brands including Marriott, Hilton and Hyatt, among others, in all economic cycles and markets throughout North America. Aptech Computer Systems is a 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. 

“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.