Fairmas Hotel Financial Planning
FairPlanner, the yield-oriented revenue and cost planning software for hotels based on the USALI framework. Improve transparency and increase your planning security with the integrated management reporting system.
FairPlanner, with interfaces to all major Property Management Systems (PMS), Accounting Systems, Revenue and Document Management systems among others for automated data integration, is the hotel-specific business intelligence solution for efficient and transparent revenue and profitability planning.
The FairPlanner chart of accounts framework is designed according to the Uniform System of Accounts for the Lodging Industry (USALI), the established international standard reference and guideline for accounting and reporting practices for the hospitality industry since 1926. This makes FairPlanner easy to implement and ready to use in all types of hotel businesses, being able to standardize and consolidate data regardless of the hotel locations. It is also highly flexible as the chart of accounts could be customized according to each hotel’s specific requirements. 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.