TPI Hospitality Leverages ProfitSword Integration to Maximize BI Transparency and Efficiency
ProfitSword, a developer of business intelligence and data integration software, has announced the implementation of its ProfitSage operational and financial reporting solution by TPI Hospitality, a developer and operator of hotels, restaurants and conference centers in Minnesota and Florida. With ProfitSage now in place across its portfolio and with plans to roll out the solution as new properties are added, TPI Hospitality is ensuring seamless access and sharing of all performance-related data, in order to maximize operational efficiency and business strategy planning efforts.
Prior to partnering with ProfitSword, TPI Hospitality leadership was in need of a comprehensive, time-efficient and error immune alternative to manual spreadsheet-based data management. Narrowing its selection process to ProfitSage, the company recognized the ProfitSword platform's unique ability to automatically integrate with an array of disparate data-generating property systems across the entire TPI Hospitality portfolio. ProfitSword's web-based user interface provides all staff members across the organization with one convenient source for of real time performance data, along with the ability to make and share updates with others.
"After considerable research and comparison, ProfitSword's ProfitSage platform was the only solution that we found with the ability to cater to everyone's specific data needs, from C-level executives to the general managers at each of our locations," says Dee Anne Osborne, senior vice president, sales and marketing at TPI Hospitality. "Before partnering with ProfitSword, we only had the resources to measure performance on a monthly basis, but with ProfitSage seamlessly integrated with all of our systems, the process has now become an effortless daily routine. This enables each team member to look at their data in a whole new way, with more effective forecasting and budgeting capabilities, thanks to options that include analyzing information based on an individual hotel, regional or company-wide perspective. Users can even compare brand-vs-brand, property-vs-property or class-vs-class, which has allowed us to identify several opportunities for improvement."
Providing each staff member with varying levels of data access depending on their role and responsibilities, ProfitSage ensures that any performance data supplied is always relevant to specific applications. Further enhancing TPI Hospitality's efficiency is the ability to schedule and receive automated reports, instantly providing up-to-date performance information with little to no effort on the part of staff.
In addition to ProfitSage, ProfitSword's line of data management platforms also includes ProfitPace, ProfitPlan and ProfitWizard. A solution developed to effectively manage sales data, ProfitPace allows businesses to efficiently monitor sales team efforts to ensure that the company is on track to achieve individual and company sales goals. It also allows for the comparison of sales pace to forecast, budget, prior years and same time last year trends. Using ProfitPlan, hoteliers can incorporate stylized report templates to produce several types of reports required to manage daily tasks and information. ProfitSword's data analysis tool, ProfitWizard, combines business intelligence, decision support, performance management and ad-hoc reporting for efficient analysis of data.