Individual Customer Solution or Customized to Your Needs
The Enhanced Forecasting & Planning Model (EFPM) – is a customized software solution for IHG®, one of the largest hotel groups worldwide.
The InterContinental Hotels Group, based in Denham near London, is a British company that has been among the top three largest hotel groups for many years.
The collaboration between IHG and Fairmas began in 2004, which was only one year after Fairmas GmbH was founded.
The “Enhanced Forecasting and Planning Model” has its origins in the successful development of the Forecasting and Budgeting Software, personalized for IHG.
Over the many years of cooperation, additional and extended modules have been developed for the IHG Group. These include the CAPEX Planner, developed in 2008 to support the planning and reporting process, and a special software for Planning & Budgeting wage and non-wage labor costs.
However, an individual customer solution is not always the best way for every company. Tailor-made software solutions are often accompanied by a lot of work and high costs. This is often only worthwhile for very complex and large company organizations.
Non-industry specific financial planning solutions are not able to meet the special needs of the hotel industry.
Financial planning in the hotel industry is much more complex than in other sectors of the economy. Already in 1926, the Hotel Association of New York City published the first edition of the Uniform System of Accounts for the Lodging Industry (USALI). The USALI chart of accounts is known to be the first uniform industry-specific chart of accounts for an economic sector.
Our products are specially developed for the hotel industry. Our software is developed by experienced hotel professionals for hoteliers. In addition, we focus on high flexibility in setup, because no hotel is like the other.
Our solutions currently support more than 4,000 hotels worldwide. Regardless of the size of the hotel, whether it is part of a worldwide operating hotel group, a managed hotel, an independent franchisee, or an independent individual hotel.
Gain an overview of the functions of our solutions, the possibilities of individual customization to your hotel’s specific needs, and the benefits of FairPlanner, PickupTracking, and the Advanced Revenue Planner to make your financial planning efficient and profit-oriented.
We would be delighted to show you more in our online demo.