Bourbon Orleans.
Development and management company overseeing collection of independent hotels implements ProfitSage to maximize operational and decision-making efficiency.
NEW ORLEANS – ProfitSword, hospitality's premier developer of business intelligence software and data integration services, has announced the implementation of its ProfitSage operational and financial reporting solution by J Hospitality and Development LLC. A New Orleans-based development and management company that focuses on creating innovative solutions for hospitality, residential and commercial properties, J Hospitality now leverages ProfitSage to ensure the automated and accurate sharing of real-time performance data at all independent hotels in its portfolio.
Seeking a solution capable of consolidating and streamlining the forecasting and reporting abilities for each hotel location as well as integrating with the company's accounting platform, J Hospitality selected ProfitSage due its ability to seamlessly integrate and normalize data across many disparate systems to provide the entire organization with a single solution to manage performance and achieve optimal results. With ProfitSage, each hotelier is able to leverage an array of customizable data metrics in order to make informed strategic decisions based on real-time changes to business patterns. ProfitSage further allows each property to create multiple budget and forecast versions in order to account for 'what-if' scenarios, and ensure the highest possible level of business success.
"By implementing the ProfitSage platform, we have been able to equip all of our independent properties with a financial experience that can cater to each hotel's specific data needs," said Karl Bulot at J Hospitality and Development. "Being able to access the right performance data provides a significant competitive advantage in identifying opportunities or risks present within a hotel or its regional market. Customization of reports allows a corporate office overseeing multiple properties, the real-time ability to devise and maintain a successful company wide growth strategy."
ProfitSword's business intelligence solution allows J Hospitality to schedule and receive automated reports, to instantly provide up-to-date performance data without the need of manual data collection, and in-depth analysis to allow for labor reallocation and efficiencies in decision making. As a web-based user interface, ProfitSage provides the tools necessary for the end user to accurately plan, report, manage and communicate performance and results. The increase in information transparency substantially reduces time needed to devise and implement new strategies and promotes accountability.
"Some of the biggest challenges for any organization overseeing multiple properties are gathering the sheer volume of data from disparate sources in an organized way, a lack of real-time key performance indicators, the lack of systems and processes required to manage data, and the ability to drive a data culture to achieve desired results," states Paul Bennie, Director of business development at ProfitSword. "ProfitSword's proven solutions and expertise help companies overcome these challenges. We are honored to have been selected by J Hospitality to provide services and tools that accommodate their data management needs, and we are extremely pleased to see that each of their employees are able to maximize performance and achieve business objectives more efficiently."
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
