Sunday, March 19, 2006

Stonebridge Companies Completes Technology Conversion

Stonebridge Companies Completes Technology Conversion

Stonebridge Companies, recognized as one of the leading development and hospitality management companies, is pleased to announce the completion of a major technology upgrade that includes both leadership and computer systems.

Denver, CO (PRWEB) May 29, 2009

In an information-driven business world with a need for global connectivity, Stonebridge Companies continues to lead the field in effective leadership and technology.

Nasim Mansurov promoted to Vice President - Information Technology

Nasim Mansurov, with Stonebridge Companies since 2004, has been instrumental in the company-wide conversion to SAP ERP, a trusted IT infrastructure that automates this expanding enterprise's business processes that include financial and human capital administration, payroll and compliance reporting.

Mr. Mansurov has over 12 years of experience in information systems, and he oversees all aspects of the company's technology platform, current and emerging. He is involved in strategic evaluation of new systems that are proposed, and he oversees the technical training and support to all hotels. Prior to joining Stonebridge, Mr. Mansurov spent two years with IBM's Global Services, and three years with the University of Colorado's Information Technology Services. He fluently speaks four languages and he received numerous awards and scholarships as he rose to the top of his profession. He earned his B. S. degree in Management from University of Colorado, Boulder.

"We are delighted to welcome Nasim to our senior management team," said Kevin Mahoney, Chief Operating Officer of Stonebridge Companies. "In his tenure with us he has successfully implemented several systems to improve efficiency at both corporate and hotel levels. Our conversion to an SAP-based ERP system provides Stonebridge Companies with a state of the art technology platform that is already providing dividends with respect to efficiency, accuracy, compliance and reporting for our portfolio of lodging properties and our communication with investors and owners."

Stonebridge goes live with SAP HCM (Human Capital Management) and Payroll modules

After successful completion of the go-live process for the SAP Financials and Controlling modules (FICO), along with OpenText document and invoice management solutions in October of 2007, Stonebridge Companies successfully implemented the second phase of the project with SAP Human Capital Management (HCM) and Payroll modules and went live in January of 2009.
Implementation of SAP HCM and Payroll helped Stonebridge achieve consistency with employee data and minute-to-minute payroll accuracy through tight integration with Kronos Workforce Timekeeper software. In addition, Stonebridge Companies empowered its field managers by providing access to maintain associate data at the hotel level, which dramatically increased operating efficiencies throughout the company and eliminated overlapping and antiquated paper-based approval processes. Data consolidation and flow between SAP modules allows Stonebridge to efficiently operate its business and monitor the health of the company in real time and from almost anywhere.

Stonebridge Companies, through its commitment to leadership and cutting edge technology, continues to progress in the hospitality industry with the promotion of Nasim Mansurov to Vice President of Information Technology and the successful conversion to SAP enterprise resource planning (ERP).

"Now that we have digitized our business operations through the implementation of SAP ERP, we can better serve our stakeholders, our guests, associates and our business partners. Thanks to SAP, we are now able to run payroll for the entire company with 1500+ employees and 38 hotel entities in under three hours with high precision, compared to a full day of traditional payroll processing that caused several days of post-payroll issue resolution. Our integrated systems also provide our front line general managers with live operating performance metrics and mid-month P/L snapshots to proactively manage our hotel operations," states Mansurov.

About Stonebridge Companies
Founded in 1991 by Navin C. Dimond, Stonebridge Companies is a privately owned, innovative hotel management company headquartered near Denver, Colorado, which has developed over 60 hotels and operated more than 75 lodging properties. Currently, Stonebridge Companies operates nearly 40 hotels comprising approximately 6,000 guest rooms in Alaska, Arizona, California, Colorado, Nevada, Utah, Virginia and Washington. The diverse portfolio includes select-service, extended stay, mid-scale and full-service hotels in primary and secondary markets. For detailed information, visit www. StonebridgeCompanies. com.

Contact information:
Sheryl Hanebrink, Executive Assistant to Navin Dimond
Stonebridge Companies
9100 East Panorama Drive, Suite 300
Englewood, CO 80112
303-785-3100
Shanebrink (at) sbcos (dot) com

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