How to decide on an FP&A software for your hotel?
As hotels strive to streamline their financial processes and make informed decisions, the selection of the right FP&A software becomes a critical aspect of their strategy. In this blog, we’ll explore the key considerations and steps to help hoteliers decide on a new FP&A software that aligns with their specific needs and goals.
Fairmas and HotStats Budget Guide
Navigating the intricacies of a budget process can often feel like embarking on a complex journey. From financial planning and resource allocation to decision-making and prioritisation, understanding how budgets are formulated and executed is crucial for individuals and organisations alike.
Mastering Success: Zero-Based Budgeting for Hotels
One powerful approach that has been gaining momentum is “Zero-Based Budgeting” (ZBB). For years, this method has revolutionized how hotels allocate resources, promoting efficiency, agility, and smart decision-making. In this blog, we’ll dive into the concept of Zero-Based Budgeting and how it can reshape the financial landscape of hotels.
Unlocking Hotel Financial Success with Fairmas’ Cutting-Edge Solutions
With Fairmas hotel planning and analysis software, hoteliers gain access to powerful budgeting and forecasting tools tailored specifically for the hospitality industry. Say goodbye to guesswork and welcome data-driven insights that will empower you to make well-informed decisions, optimize your resources, and achieve your financial goals.
Strategic Forecasting and Budgeting: Empowering Hospitality Financial Professionals
This article will delve into the importance of forecasting and budgeting, explore best practices for their implementation, and highlight how they empower financial professionals in making informed decisions to drive profitability and sustainable growth.
Navigating Current Financial Challenges in the Hospitality Industry: Leveraging Fairmas’ Financial Planning & Analysis Software
From the geopolitical tensions in Europe to the surge in energy prices and the specter of inflation, businesses in the hospitality sector must be prepared to weather the storm. Fairmas’ financial planning and analysis software offers a powerful solution to steer through these turbulent times.
Boosting Hotel Financial Performance with Fairmas: Unleashing the Power of Hospitality Business Intelligence
This blog post will explore how Fairmas hotel financial planning and analysis software can empower hoteliers with cutting-edge tools for budgeting, forecasting, revenue optimization, and more. Let’s delve into the world of Fairmas and discover how it transforms financial management for hotels.
Fairmas celebrates 20th Anniversary
Fairmas, a leading provider of financial planning and analysis software for the hospitality industry, is delighted to commemorate its 20th anniversary and announce its presence at HITEC.
Enhancing Decision-Making
As an owner, investor, or asset manager in the hospitality industry, it is of utmost importance to make well-informed decisions based on data. You cannot make decisions based on assumptions or estimates alone. A small error in data can be a make-or-break point for your business.
Global rollout for IHG Hotels and Resorts completed successfully
Fairmas GmbH has successfully completed the global rollout of its latest-generation web-based software for IHG Hotels and Resorts (IHG). Fairmas has been supporting IHG since 2005 with its innovative software solutions designed for the hospitality industry. Fairmas is a trusted BI hospitality software provider specializing in financial planning, controlling and management solutions supporting hotel businesses worldwide.
The software has been rolled out in 75 countries, including in more than 400 hotels in China.