RALEIGH, NC—-Broadvine, a leader in financial performance management software, announced today that it is implementing its cloud-based application to optimize hotel profitability for HP Hotels, a third-party hotel management company with a portfolio of nearly 40 hotels in 17 states.
Broadvine’s application provides accurate and reliable budgets and forecasts, real-time data and automated expense and labor management. By consolidating data from various PMS, benchmarking systems, labor systems, and their accounting platform, HP Hotels will be able to easily view and analyze data and make quicker, more profitable decisions.
“HP Hotels is an innovator in our industry who recognized the value in partnering with our organization to further optimize the performance of their portfolio,” said Shawn Barber, CEO of Broadvine. “Broadvine’s suite of applications will enable HP Hotels with real-time property performance insights, enabling data-driven decisions that drive profitability.”
“We are committed to maximizing investment returns to our owners,” said Charles Oswald, President, and CEO for HP Hotels. “This is accomplished, in part, by ensuring we continue to remain ahead of the curve to identify and employ ‘best-in-class’ solutions in the technology arena to optimize complex processes and systems to eliminate the waste of time, money, and resources. Broadvine’s innovative solution to this challenge helps HP to blend data and technology, with our people and insights, to accomplish that goal and we look forward to a successful, mutually beneficial, partnership with their team.”
Broadvine delivers financial performance management software to help hotel management companies and ownership groups increase profitability and operational efficiencies across their portfolio. Broadvine’s software-as-a-service application consists of Reporting, Forecasting, Labor, and Expenses Management modules – providing a robust and flexible platform.