How can FairPlanner help streamline your hotel’s budgeting process?
FairPlanner is a financial planning & analysis (FP&A) software designed for efficient budgeting and revenue & profitability planning for all departments based on hotel-specific P&L charts of accounts. With interfaces to all major data integration systems (PMS, ERP, etc.), it is an intuitive planning & controlling solution. Using FairPlanner can truly limit your stress this budgeting season and enhance your hotel’s budgeting process.
What are the key benefits of FairPlanner?
Budget, Forecast
&
What-if Planning
- For all revenues & costs of all hotel areas and departments
- Automated planning with use of drivers and planning assistant
- Based on the company-specific P&L chart of accounts (e.g. USALI*)
- Flexible portfolio & cluster structure
- Budgeting based on previous year possible
Ongoing Target / Actual Comparison
- Success control with daily updated values directly from Accounting System and PMS
- Drill down to invoice level
- Automated KPI calculation for freely selectable scenarios, time periods and segments
- Pickup monitoring with comparison to planned and historical values
- Freely selectable analysis period
360-degree Control
of Operations
- Dashboard performance overview with one click
- At departmental level and consolidated for greater transparency at all management levels
- View into the future with daily revenue monitoring, rolling 3 years ahead
- Comparative analysis with historical data of the last 5 years
- Automated email reporting with flexible data granularity
*Disclaimer: Hospitality Financial and Technology Professionals (HFTP®) is the official entity who owns the copyright to the USALI. The copyright was previously owned by the Hotel Association of New York City. Revisions to the USALI are overseen by the Financial Management Committee (FMC) of the American Hotel & Lodging Association (AHLA), a majority of which are also HFTP members. Fairmas, a member and Corporate Allied Sponsor of HFTP, only uses the term “USALI” to refer to the existing industry standard as one of several, possible, company-specific P&L account frameworks.
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Optimize your hotel's budgeting process today!
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