Fairmas Hotel Financial Planning
A powerful tool for the yield-oriented budget and revenue planning of hotels with integrated management reporting – for more transparency and reliable planning.
FairPlanner, with interfaces to all common Property Management Systems (PMS) and Accounting, Document and Guest Relations Management programs, is the hotel-specific business intelligence solution for efficient and transparent revenue and profitability planning. FairPlanner incorporates all operational hotel departments, building a bridge from the profit and loss statement (P&L) to the budget and forecast planning.
The automated consolidation of actual data from your accounting system and the on the books reservations (OTB) from your PMS for the calculation of daily updated hotel performance indicators (KPI) in FairPlanner, provides you with an up to date target/ actual comparison of your budget and revenue planning at a glance. In FairPlanner, you see deviations immediately and without any additional effort so you can intervene at once.
FairPlanner’s Rolling Forecast feature, which complements the backward-looking actual/budget comparison feature, allows you to predict future developments. The monthly forecast shows deviations before they occur, so that you can take countermeasures in good time. In addition, you can quickly and easily calculate alternative future scenarios in the “What-If” calculation feature using the driver function. With the knowledge of the effect of alternative additional costs , occupancy rates and room rates on your company’s success, you lay the foundation for transparent, well-founded and information-led decisions – at no extra cost and whenever necessary.
Have the right information in the right place. Graphically presented information for less explanation. FairPlanner’s integrated management reporting system combines planning and reporting in one solution. FairPlanner automatically delivers the right report to the respective user via e-mail. Ad hoc reports can be generated quickly and easily. Information depth and content can be defined individually according to functional area and management level – consolidated for group level, per hotel brand or for a single hotel. The result: reports providing all decision-relevant data in a clearly structured format.