Toledo, Ohio (June 18, 2019) – WVC RubixCloud (WVCRC) providing best-in-class technology and accounting services and ProfitSword, a leading provider of Business Intelligence solutions have partnered to create a comprehensive data management and accounting solution that provides key financial and operational benefits for the hospitality industry. The integrated solution is designed to allow a single hotel or an entire portfolio of hotels to easily add themselves to a robust, hospitality-specific technology and support environment with little setup and effort. Hoteliers can now benefit from preferred pricing that would otherwise be difficult to locate for such enhanced functionality.
WVCRC’s best-of-breed accounting solution combined with ProfitSword’s robust BI solutions are built to handle multiple entities within the same environment, providing the new integration with the readiness and ability to scale in lockstep with a company’s growth. The in-depth integration between WVCRC and ProfitSword also ensures data integrity between the accounting system and the BI platform. This creates a singular source of truth for all data across all properties and departments. Data is accessible on any device with an internet connection for instant comparison across multiple properties and brands, actual to budget trends and/or drill-down to ledger level details.
“With our new partnership and comprehensive technology solution with ProfitSword, hotel owners, management companies, and even individual hotels who need accounting services can now easily use WVCRC’s technology stack. We have simplified our implementation process and created a plug and play solution at a great price with a partner who matches our expectations of customer success,” said Jennifer Kinzel, Director at WVCRC.
WVCRC’s top-notch accounts payable automation solution easily captures invoices with a mix of OCR and human review to ensure accuracy prior to being routed for approval and payment., The approval workflow is designed to be robust, but simplistic with the end user gaining visibility into their A/P information through ProfitSword’s BI platform.
“ProfitSword and WVC RubixCloud share a commitment to providing customers with advanced tools that ensure the ability to act upon data that is always accurate and that therefore can be fully trusted to deliver the highest level of operational efficiency and revenue growth,” said Paul Bennie, Director of Business Development for ProfitSword. “Our partnership and integration is a natural fit for both company’s solutions, each complementing the other to provide customers with a full understanding of their business and financial environment in real-time so as to identify and build upon opportunities for even greater success.”
Providing its users with extreme attention to detail, timelines and a reliable customer service network for enhanced support, core components of WVCRC’s services also include overseeing accounts payable and the processing of payments, including employee expense reimbursements. WVCRC further works to reconcile single bank accounts and recording transactions that may not otherwise be captured through other technology integrations. Other functionalities provided by WVCRC include reconciling credit card activity, noting payoffs within the accounting system, recording bi-weekly payrolls and reconciling general ledger accounts on a continual basis for customer access to current and accurate financial information.
In integrating with ProfitSword’s ProfitSage solution, users of WVC RubixCloud are also able to benefit from hospitality’s leading forecasting and budgeting platform, with key features that include real-time access to historical revenue and expenses and future-booking trends on one common cloud-based platform.
“The integration between WVC RubixCloud and ProfitSword has been a differentiator for us. We now have a uniform system that provides real-time accounting data that we use to compare our hotels so we can make better business decisions,” said Jon Roumaya of Key Hotels in Toledo, Ohio. “We no longer have to wait a month for our financial statements, instead we can view our activity on a daily basis right from our phones and make immediate changes should the need arise. This combined solution has dramatically impacted our organization for the better.”
About WVC RubixCloud (WVCRC)
WVC Rubixcloud is a leading provider of outsourced accounting. Back by the power of a leading edge accounting firm, William Vaughan Company, WVCRC offers a full package of services beyond traditional accounting. Since 2014, WVCRC has been helping businesses gain a clear and accurate financial picture by streamlining the day-to-day accounting functions through hands-on expertise. By leveraging top-notch advanced technology, WVCRC manages everything from accounts payable to accounts receivable, and everything in between. With real-time data accessible anywhere, business owners can now make better business decisions without the headache of the typical accounting and finance operations. For additional information on WVC Rubixcloud and its customized software solutions, contact Jennifer Kinzel at 419.891.1040, jennifer.kinzel@wvco.com or go to https://www.outsourceyouraccounting.info/hospitality/
About William Vaughan Company (wvco.com)
William Vaughan Company is an Ohio-based public accounting firm providing a vast array of audit, tax and advisory services to clients locally, nationally and internationally. The firm’s commitment to excellence has resulted in sustained growth since its inception in 1959. Currently, William Vaughan Company has 2 locations with more than 90 professionals, including 14 partners, who focus on serving primarily privately held businesses. For the past five years, the firm has been awarded one of the 60 Best Accounting Firms to Work for in the nation by Accounting Today. In addition, William Vaughan Company has been named INSIDE Public Accounting’s Best of the Best Firms for the third consecutive year and The Blade’s Top Work Places for six years running.
About ProfitSword, LLC
Founded in 2001, ProfitSword is an innovator in business intelligence software and applications. ProfitSword solutions provide seamless integration of data and real-time information to enhance the decision-making process and improve profitability. ProfitSword is headquartered in Orlando, Florida, and serves nearly 100 corporations and ownership groups representing more than 3,500 businesses worldwide.