Raleigh, N.C.—Newport Hospitality Group, a hospitality management group in the Eastern United States, is partnering with Broadvine, a financial performance management software company, to implement a cloud-based application that will help the company optimize its hotel profitability.
The new application provides 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, Newport Hospitality Group says that it will be able to more easily view and analyze data to make quicker, more profitable decisions.