General ledger

OpenEnvoy releases new deep learning model for account coding and 100% capture of supplier invoices, announces new partnership with NetSuite

Retrieved on: 
Thursday, March 7, 2024

The new AI model, known as a deep neural network, has been trained on finance data from complex industries such as media, manufacturing, and logistics.

Key Points: 
  • The new AI model, known as a deep neural network, has been trained on finance data from complex industries such as media, manufacturing, and logistics.
  • With this release, customers can accurately apply General Ledger (GL) account coding at the invoice line level without the need for a PO.
  • This release also helps to OpenEnvoy scale its guaranteed capability to capture 100% of supplier invoices cost effectively, including support for global customers.
  • In addition to launching autonomous GL Coding, OpenEnvoy established a commercial partnership with Netsuite.

Accelerate your Expense Reporting Process with our Advanced Features

Retrieved on: 
Wednesday, March 6, 2024

SUNNYVALE, Calif., March 6, 2024 /PRNewswire-PRWeb/ -- New features can enhance the functionality and usability of the expense reporting process.

Key Points: 
  • SutiSoft Inc. added new features to its expense software, SutiExpense, to offer additional capabilities that speed up the expense reporting process.
  • SUNNYVALE, Calif., March 6, 2024 /PRNewswire-PRWeb/ -- New features can enhance the functionality and usability of the expense reporting process.
  • We have SUTI for 3 years now in a company that has grown from 30 to 120 employees in that same time.
  • Users now have the option to import transactions during report submission, provided that the transactions are within the expense date range.

American Liberty Hospitality Leveraging AI for Enhanced End-to-End Hotel AP Automation

Retrieved on: 
Wednesday, February 28, 2024

PITTSBURGH, Feb. 28, 2024 /PRNewswire-PRWeb/ -- To give hotel AP managers, approvers, controllers and CFOs better tools to work through the invoice lifecycle, Aptech has entered into an integration partnership with Ottimate (formerly PlateIQ), a company providing AP automation via AI. Together, Aptech and Ottimate are giving time back to accounting teams by enabling them to upload paper and electronic invoices in bulk and eliminate 90% of vendor invoice processing. Houston-based American Liberty Hospitality is one of the first hotel management and development companies to leverage the joint technology.

Key Points: 
  • Houston-based American Liberty Hospitality is one of the first hotel management and development companies to leverage the joint technology.
  • Aptech and Ottimate are providing a seamless and efficient solution for hotels seeking best-in-class AP automation.
  • "Today with Aptech and Ottimate we are reducing the time it takes to process vendor paperwork, obtain the necessary approvals, and effect payment," said Charles Poirier, American Liberty Hospitality Chief Financial Officer.
  • "Aptech and Ottimate are providing a seamless and efficient solution for hotels seeking best-in-class AP automation," said Jill Wilder, Aptech President.

National Hotel Miami Beach Embracing Flexible Financial Management Tools to Streamline Back-Office Operations

Retrieved on: 
Wednesday, February 14, 2024

PITTSBURGH, Feb. 14, 2024 /PRNewswire-PRWeb/ -- With 101 newly designed city and direct ocean view guest rooms in its historic tower and 36 luxurious cabanas and suites, The National Hotel Miami Beach is impressing guests with stunning views, luxury accommodations, personalized experiences, and unparalleled service. Invisible to guests at this AAA 4 Diamond oceanfront property is how efficiently the hotel's finance team is operating thanks to the addition of two software solutions from Aptech: PVNG Enterprise Accounting and Targetvue Budgeting & Forecasting.

Key Points: 
  • "The Aptech software development team is amazing," said Sarah Fisch, chief financial officer at The National Hotel.
  • The flexibility of the software and the support team makes us feel like both solutions were tailored just for The National Hotel.
  • "We are delighted that The National Hotel is finding PVNG and Targetvue to be so flexible, functional, and user friendly," Costa said.
  • "Being able to streamline their financial processes is enabling management to deliver reports on the fly to those who need them.

North America Hoteliers Say PVNG Accounting Software from Aptech is 'Grrreat!'

Retrieved on: 
Tuesday, January 30, 2024

PITTSBURGH, Jan. 30, 2024 /PRNewswire-PRWeb/ -- Bigger does not mean better. But better is how companies thrive. Such is the case for Aptech. PVNG by Aptech was recently named a finalist in the Hotel Tech Report "Best Finance & Accounting Software" 2024 popularity index for the second consecutive year. At the core of Aptech's success is its deep and personal relationships with its customers – people the family-owned and operated financial management software company value, and strive to solve problems for every day.

Key Points: 
  • PVNG by Aptech was recently named a finalist in the Hotel Tech Report " Best Finance & Accounting Software " 2024 popularity index for the second consecutive year.
  • Aptech may be small, but PVNG is having a BIG impact on the bottom lines of the clients we support."
  • PVNG by Aptech, a next-generation cloud-based hospitality accounting software solution, ranked No.
  • Aptech may be small, but PVNG is having a BIG impact on the bottom lines of the clients we support.

FreshByte Software Releases Cloud-Based Solution for Wholesale Food Distribution

Retrieved on: 
Friday, January 26, 2024

HOUSTON, Jan. 26, 2024 /PRNewswire-PRWeb/ -- FreshByte Software announced today the release of FreshByte Online, a new cloud-based solution that will offer more functionality and features to help small to large enterprises streamline their wholesale food distribution processes.

Key Points: 
  • FreshByte Software announced today the release of FreshByte Online, a new cloud-based solution that will offer more functionality and features to help small to large enterprises streamline their wholesale food distribution processes.
  • HOUSTON, Jan. 26, 2024 /PRNewswire-PRWeb/ -- FreshByte Software announced today the release of FreshByte Online , a new cloud-based solution that will offer more functionality and features to help small to large enterprises streamline their wholesale food distribution processes.
  • "The release of this web-based application is the culmination of a lot of hard work from our entire team at FreshByte," said FreshByte CEO Trevor Morris.
  • Morris called today's software release a celebration on many levels as FreshByte continues to evolve along with emerging technology and customer needs.

BluHost Taking Hospitality Financial Management Seriously with New Accounting System Upgrade

Retrieved on: 
Tuesday, January 16, 2024

PITTSBURGH, Jan. 16, 2024 /PRNewswire-PRWeb/ -- BluHost is entering 2024 with a new enterprise accounting solution backing its portfolio of select service and ultra-luxury hotels and a mix of fine dining to casual restaurants. José M. Suárez, president and CEO of the Puerto Rico based hospitality management company, selected PVNG by Aptech because of past positive experiences with the company.

Key Points: 
  • José M. Suárez, president and CEO of the Puerto Rico based hospitality management company, selected PVNG by Aptech because of past positive experiences with the company.
  • "When BluHost was founded, it began looking for a unified financial system that could be leveraged across our many hotels and restaurants," said Lissette Rivera, BluHost director of finance.
  • The cloud based PVNG system is easy to use, economical, and gives remote access to whomever needs it.
  • Time is money, and as far as BluHost is concerned, this is the perfect accounting system for our developing hospitality environment."

LeaseAccelerator Announces Enterprise Emissions Analysis and Reduction Software

Retrieved on: 
Thursday, December 14, 2023

RESTON, Va., Dec. 14, 2023 /PRNewswire/ -- LeaseAccelerator, the leader in Enterprise Lease Lifecycle Management software, announced today the industry's first enterprise emissions analysis and reduction software for leases and assets, LeaseAccelerator Net Zero Asset Manager, along with an Early Access Program to help clients measure and reduce emissions in 2024.

Key Points: 
  • RESTON, Va., Dec. 14, 2023 /PRNewswire/ -- LeaseAccelerator, the leader in Enterprise Lease Lifecycle Management software, announced today the industry's first enterprise emissions analysis and reduction software for leases and assets, LeaseAccelerator Net Zero Asset Manager, along with an Early Access Program to help clients measure and reduce emissions in 2024.
  • Participants get early access to the software, preferential pricing, and a community committed to sharing feedback and best practices.
  • With LeaseAccelerator Net Zero Asset Manager , clients can:
    Collect, manage, and report on leased assets for emissions compliance and net-zero planning, leveraging usage data and emissions factors for real estate spaces and equipment.
  • "This gives controllers the same controls for emissions and lease accounting data in one asset-level subledger with one audit-trail and integrated business intelligence."

Trump International Beach Resort Leveraging a Trifecta of Financial Management Tools to Optimize Operations

Retrieved on: 
Wednesday, December 13, 2023

PITTSBURGH, Dec. 13, 2023 /PRNewswire-PRWeb/ -- Trump International Beach Resort in Miami has selected Aptech to gain access to the financial information it needs to make effective business decisions. The popular luxury destination is leveraging the complete portfolio of Aptech solutions – PVNG, Execuvue, and Targetvue – to streamline all enterprise accounting, business intelligence and budgeting and forecasting processes, making the property more financially efficient than ever before.

Key Points: 
  • By adding this trifecta of solutions, we can extract data more seamlessly from both internal departments and outside sources, such as STR and TripAdvisor.
  • "Aptech is bringing a new chapter of optimization to our finance operations," said Danny Williams, TIBR managing director.
  • By adding this trifecta of solutions, we can extract data more seamlessly from both internal departments and outside sources, such as STR and TripAdvisor.
  • But when properties like the Trump International Beach Resort sing your praises and boast about our support department, it speaks volumes to our customer commitment.

Pacific Pearl Hotels Modernizes its Financial Management Solution Systemwide

Retrieved on: 
Tuesday, August 15, 2023

PITTSBURGH, Aug. 15, 2023 /PRNewswire-PRWeb/ -- When Pacific Pearl Hotels began investigating new accounting software for its growing portfolio of independent hotels, it conducted a deep dive into the leading accounting and financial management programs on the market. Enterprise accounting solution PVNG by Aptech won hands down for its wide scope of features, transparency, and ease-of-use.

Key Points: 
  • Independent hotel management company is leveraging the PVNG enterprise accounting solution from Aptech, and soon plans to add Aptech's business intelligence solution, Execuvue, at select hotels
    PITTSBURGH, Aug. 15, 2023 /PRNewswire-PRWeb/ -- When Pacific Pearl Hotels began investigating new accounting software for its growing portfolio of independent hotels, it conducted a deep dive into the leading accounting and financial management programs on the market.
  • "Our owners/investors want access to financial reports on the fly; therefore, we needed an accounting program capable of producing financial statements at a moment's notice.
  • Leon said Pacific Pearl Hotels is planning on adding PVNG at new properties as they enter the system to make it better for everyone.
  • "As Pacific Pearl Hotels grows, we are honored to grow alongside them and equip them with accurate, reliable, and flexible financial management tools," Wilder said.