All-in-One
Would you like to control and consolidate your forecast and budget processes in one system?
By combining the FairBudget, FairPlanner, FairSales/FairSalesWeb, Benchmarking and FairChain modules, you can display your forecast and budget processes (including a consolidation) in a standardised way.
The modules are linked to your system via separate interfaces (PMS and bookkeeping), in order to guarantee data parity.
Brief description and functions of the individual modules:
FairBudget
With FairBudget, historical, current and future booking situations are displayed, updated daily, on the basis of imported PMS accommodation data.
Forecasts and budgets can be compiled that take this data into account, on the basis of your own segments.
A standardised reporting system provides support with analyses and planning activities.
The data (sales, average rate, and RevPar) is detailed per segment, while sources of error are minimised by a plausibility test.
FairPlanner
Accommodation data is entered from a workflow control system from FairBudget, and serve as a basis for planning the other hotel sales and costs.
FairPlanner works on a monthly basis. Historical data is taken from the bookkeeping system, in order to create data parity with leading systems.
Planning accuracy increases because forecasts and budgets are created by internal benchmarks and drivers per budget line.
The FairPlanner structure corresponds to the Uniform System of Accounts. The customer charts of accounts are tailored to the FairPlanner chart of accounts via a mapping table.
FairChain
FairChain performs the consolidation of all data from FairBudget and FairPlanner and (optionally) from the benchmarking system.
The advantages of this consolidation software are in the dynamic and varied way that company structures are depicted, and in the creation of a comparison of the internal results with those of the competitors
FairChain is simple to administer and saves time. The reports can be automatically distributed to preset groups of recipients via an e-mail reporting.
FairChain is a data warehouse that is specifically tailored to the hotel industry. The actual, budget, forecast and pre-planning data, as well as the corresponding figures permit continuous controlling and successful future planning.
FairSales (Optional)
FairSales and FairSalesWeb record, evaluate and consolidate the current and planned customer sales.
Their sales employees plan the expected turnover on a monthly basis, per defined customer.
All the customer accounts entered can be coupled with market segments and industry codes. This way, convincing evaluations for determining sales strategies can be drawn up and activities derived from them.
The measurability of the strategy adopted is guaranteed for the individual staff members and for management.
This All-in-One solution offers an industry-specific platform for budgeting, planning and consolidation the company results corresponding to generally valid international hotel standards.
