ProfitSword, developer of business intelligence software and data integration services in the hospitality industry, has announced the implementation of its ProfitSage operational and financial reporting solution by J Hospitality and Development. A New Orleans-based development and management company that focuses on creating innovative solutions for hospitality, residential and commercial properties, J Hospitality now leverages the solution to ensure the automated and accurate sharing of real-time performance data at all independent hotels in its portfolio.
“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. Customisation of reports allows a corporate office overseeing multiple properties, the real-time ability to devise and maintain a successful company-wide growth strategy,” he added.
“Some of the biggest challenges for any organisation 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,” said Paul Bennie, director of business development at ProfitSword.