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.
What is FairPayroll & how can it help you?
FairPayroll, a software solution by Fairmas, enables accurate planning of all relevant costs per employee and per department that result in precise analyses for all management levels. This means that you can freely plan relevant costs per employee even if they work in more than one department.
The story of someone shaped by the hotel business
Niels Schröder, the Managing Director of Fairmas GmbH, started his career in the hospitality industry at a very young age. He worked his way up from hotel operation to regional revenue manager at an international chain. His well-rounded experience and deep understanding of the ground realities of the industry paved his way to a career defined by hospitality.
Efficient multi-year planning of hotel profitability
The Long-Range Planner integrated in FairPlanner enables easy multi-year planning based on flexibly selectable scenarios such as budget, forecast or what-if. Planning takes place in the hotel’s own profit and loss statement and simplifies the strategic financial and profitability forecast for the next 10 years.
Forecasting on sight
A forecast is a prognosis of future developments. When it comes to predicting hotel demand, we can never really say that we know exactly what will happen, but rather what is highly likely to happen. The forecast quantifies the uncertainty of the future.
Top 10 features of an effective hotel financial planning and reporting tool
In order to stay in line with the business strategy and achieve targets, any hotel business requires accurate financial planning, revenue monitoring and management reporting to ensure a healthy bottom line.