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12/12/2022

RKS Hotels Group Streamlines Accounting Processes for its Alberta Canada Properties

Hotel ownership and development group adds PVNG enterprise accounting solution from Aptech to provide cloud accessibility and customized reporting.
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Two RKS Hotels Group Ltd. properties in Alberta, Canada, will go live with PVNG by Aptech this month. The enterprise accounting solution will automate all general ledger, accounts payable, statistics, financials, and bank reconciliation processes in the cloud for the Four Points by Sheraton Edmonton South and the Travelodge by Wyndham Edmonton West hotels. Aptech is an IBM and Prophix business partner offering web-enabled business intelligence, budgeting, and back office systems that are 100% hospitality specific.

RKS Hotels have chosen PVNG for better reporting and a more thorough breakdown of revenue per available room and average daily rate, along with more flexibility within accounts payable. Already familiar with PVNG while working with other ownership groups, Mr. Lakhbir Bains the Accounting associate for RKS Hotels suggested that we make the switch so that we can generate more hotel-specific reports that are not available in the general software program. Also, the cloud-based structure of PVNG will enable our team to access data from anywhere. Accessibility is a big benefit. We are thrilled to soon be running on PVNG at these hotels.”

Bains said because Aptech is designed specifically for hotels, the custom reports generated for each hotel will make accountants’ lives much easier. The digital statements enable them to calculate food costs, ADR, and RevPAR more accurately. Integration of PVNG with other property systems also makes PVNG a big time saver for RKS Hotels Group, he said.

“The user friendliness, functionality and accuracy of PVNG when compared to QuickBooks is night and day,” Bains said. “Being able to upload data directly into the Opera Cloud PMS used by Travelodge, for example, is a game changer. Rather than having to access reports manually, we can now pull information automatically based on whatever criteria we need. Soon the Lightspeed PMS used at our Four Points property will have direct integration to PVNG as well, and then the whole accounting process will run smoother than ever.”

PVNG features straightforward, simple menu structure and an easy-to-navigate architecture that is easy to learn. It was engineered to be flexible to accommodate a variety of deployment options and can easily handle single and multi-property accounting. It comes equipped with OCR invoice processing, a myriad of payment options, drill-down capabilities in financial statements and reports, the ability to handle single or multi-property accounting, and can be deployed as a hosted service.

“We are delighted that RKS Hotels Group chose to join the Aptech family,” said Cam Troutman, Aptech Vice President. “We were fortunate that Lakhbir was a prior PVNG user, and that he had such tremendous success with the software at other hotels. Our customers are our biggest advocates. Bringing RKS into the fold speaks volumes about our client retention and customer service.”