Case studies: Introduction of process-optimized financial planning with FairPlanner

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Case studies: Introduction of process-optimized financial planning with FairPlanner

October 15, 2020, In All news, Fairmas Blog

What our clients say

When we are planning a large-scale purchase, the first thing we do is to get some information. We all know that and do it regularly in our private lives.

We have several different sources of information at our fingertips, both in our private and business lives. Probably the first is independent test assessments, often combined with a quality mark, followed by reviews by experts and the reviews of current customers and users.

The digitalization of financial planning processes in hotels and the adoption of software for integrated and efficient hotel financial planning is undoubtedly a decision that should be preceded by a wide range of research.

However, there is no independent quality mark for hotel software that can be referred to. One reason why quality marks of Trusted Shops, ‘TÜV & Co (seal of approval for trustworthy and legally compliant online shop). are missing might be the distinctive complexity of the hotel industry. Every hotel business has its own structure and individual conditions and challenges, the latter often being referred to as “pain points”

However, like always in life, there are similarities and commonalities. For example, more than 4000 hotels, which are clients of Fairmas, can be grouped into clusters with similar characteristics.

Our case studies focus on three different types of hotel companies: The individual luxury hotel, the internationally operating hotel groups with their own hotels and franchise managed hotels, and one of the big players in the hotel industry worldwide. The case studies outline the respective challenges and objectives that led to the integration of FairPlanner and let the customer evaluate for themselves whether the digitalization of their hotel’s own financial planning process can be considered a success.

Case studies – Just one of many sources for smart decisions

Experience and opinions are important – but it is best to get your own impression, because only you know every detail of your requirements, expectations and challenges.

There are a number of other ways to learn more about FairPlanner, PickupTracking and Advanced Revenue Planner. The choice is yours.

Product descriptions, compact on one page.

The “One-Pager” is the product description, summarized in one page.

Please contact us, we will gladly send you the information.

Product video: briefly explained in 90 seconds

Our product video show you in approx. 90 seconds how automated and standardized revenue and cost planning with FairPlanner can benefit your everyday hotel management. The images in the video give you a first insight into how easy and understandable our BI solutions are for efficient financial planning and show examples of ready-made reports and graphics already included in the software.

Product video about FairPlanner

Individual Live Demo

The direct way to ask your question and get a real insight into the features and flexibility of FairPlanner, PickupTracking and Advanced Revenue Planner is the live demo. You will need about 1 hour for this. We will show you the entire software, answer your questions and support you in creating your personal list of requirements. We will accompany you from the beginning until the final successful integration of our BI solutions into your hotel’s IT environment. 

Please contact us.

Overview of the case studies

1.

The individual luxury hotel:

The focus here was on improved cooperation between the individual hotel departments and faster reaction to unplanned departures of the target customers. The departmental management levels were also to receive an easily accessible tool for their own target/actual control.

2.

The fast growing hotel group with headquarters in Germany and currently 80 hotels in 3 European countries, with a broad portfolio of franchise and various brands/chains:

Here the challenge was to introduce standards for consolidation at group level while maintaining maximum efficiency. At the same time, standardization was intended to improve the comparability of the individual hotels across national and regional differences.

3.

The global corporation with focus on data-driven financial planning and controlling:

The extensive and diverse hotel portfolio spread all over the world, with a multitude of different information needs of the most diverse stakeholders. The different requirements in terms of level of detail, regional and national differences, required the development of an individual single solution.