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Hospitality America Increases Profitability And Operational Efficiencies Using Profitsword’s Business Intelligence Platform

Friday, July 11, 2014
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ProfitSword
ProfitSword
Business Intelligence for Hospitality

ProfitSword has been a leader in providing web-based business intelligence applications to the hospitality for more than a decade. Hospitality America, Inc., a leading hotel management firm based in Nashville, Tennessee, has been using the ProfitSage B.I. application from ProfitSword for more than six years. The positive impact on the entire portfolio has been nothing short of amazing in those six years – even during the economic downturn of 2008-2010.

“ProfitSage provides Hospitality America with unparalleled access to ‘real time’ information by property,” according to Christopher Cargen, CHA President & CEO. “The software has helped Hospitality America streamline and automate our financial responsibilities to ownership, ultimately achieving increased profits. Efficiency is enhanced at all levels from the ability to swiftly access ledgers, P&L’s, forecasts and many other operational and reporting tools.”

The ProfitSage solution allows users easy access to operational functionality such as forecasting, budgeting, and automated income journals. ProfitSage also provides multiple options to view and analyze financial data for a single property and roll-ups of the portfolio. “One feature most valuable to Hospitality America is the portfolio reporting”, says Cargen. “Our top executives are able to compare multiple properties, side by side, by various measurements instantaneously. Decisions can be made on a timelier basis, having more of an impact on profitability.”

“Operational functionalities and efficiencies with ProfitSage have dramatically changed how we view our day-to-day procedures and reporting,” says Demeka Chance, Vice President of Accounting & Administration. “Forecasting and budgeting take a fraction of the time compared to using an Excel or spreadsheet model and there is no chance for data, formula, or spreadsheet corruption. There are also copy features that allow users to copy budgets to forecasts and current year actuals to next year’s budget!”

“Hospitality America has been a great partner with ProfitSword and they use the ProfitSage platform to the fullest extent,” says Tili Findley, Co-Owner and President of ProfitSword. “ProfitSage has become a part of the ‘culture’ at Hospitality America and we are pleased to know they continue to see benefit in its continued use throughout the portfolio.”

“Simply stated Hospitality America loves ProfitSage and our partnership with ProfitSword,” commented Cargen. “Looking back over the past six years, we have come to view ProfitSage as a part of Hospitality America’s success and we will continue to work with ProfitSword to meet the ever-changing needs of our owners and hotel management teams!”

About ProfitSword, LLC
ProfitSword is an innovator in business intelligence software for the hospitality industry. ProfitSword solutions provide seamless integration of data and real-time information to create efficiencies, enhance hotel managers’ decision-making process and improve profitability. ProfitSword is headquartered in Orlando, Florida, and serves 43 management and hotel ownership companies representing more than 1,500 hotels worldwide. For additional information on the company and its customized products and software solutions, contact Colin Findley at (407) 909-8822 or go to www.profitsword.com.

About Hospitality America, Inc.
HOSPITALITY AMERICA, INC. is a full service hotel management company that presently operates nationally and internationally with 15 hotels under management, 2 under construction and 6 additional hotels in various stages of development. Services include operations management, accounting, sales and marketing, development and renovations, asset management and consulting. Upper 25 by Occupancy, ADR and RevPAR. Top 100 Hotel Management Companies – HOTEL BUSINESS, April 2013. For detailed information please visit our website at http://www.hospitalityamerica.com

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