Newly launched business intelligence platform provider Singlepane has revealed that some 20 asset management and ownership groups have implemented the company’s new system.
DiamondRock Hospitality and KHP Capital Partners are among the hotel companies utilizing the new purpose-built asset management software, which was launched three months ago. This “single pane of glass” approach is designed to unify general ledger-level financials, forecasts, budgets and pro formas with commercial strategy data and key asset management workflows into one intuitive, USALI-compliant platform, according to the company.
“Singlepane has fundamentally changed how we manage our portfolio,” Andre Lattibeaudiere, vp, asset management and business analytics at DiamondRock Hospitality, said in a statement. “We now have instant access to accurate, portfolio-wide financials, benchmarking capabilities, portfolio aggregations and revenue management insights. The efficiency gains are significant and the deepest value is in the confidence we now have to make faster, better-informed decisions.”
Some of the benefits include data consolidation; faster insights; ultimate flexibility; CapEx control; contract compliance; and debt oversight.
“We’re seeing unprecedented momentum for Singlepane,” said Austin Segal, CEO, Singlepane. “From boutique asset managers to large REITs, ownership groups are moving away from the slow, fragmented and costly legacy approach to reporting and analysis. By unifying portfolio data, insights, and workflows in a single platform, they’re making faster decisions, gaining sharper visibility and scaling with confidence. We expect adoption to accelerate as more groups see the competitive advantage.”