Accounting software and service to power hospitality company performance
FairPlanner (by Fairmas)
4.6 (21 REVIEWS)
HT Score
0 out of 100
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
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Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
FairPlanner (by Fairmas)
Unranked in Hotel Accounting Software
Fairmas - Your 360° Hospitality Financial BI Solution
93% recommended by 20 hotels
Fairmas is popular in with 0 hoteliers leaving an average rating of 0.
What is Fairmas?
Founded in 2003 | Headquarters in Berlin (Germany) | 70 employees
FairPlanner (by Fairmas) is a financial planning and management reporting software specifically designed for the hotel industry. It streamlines the entire financial planning process, offering advanced budgeting, forecasting, and reporting capabilities. This platform allows hoteliers to make process-driven decisions, customize workflows, and access accurate data with ease. By reducing reliance on spreadsheets, FairPlanner frees up valuable time, enabling users to focus on strategic decisions that enhance profitability. It seamlessly integrates into existing operations, providing a robust solution for sustainable financial growth in the hospitality sector.
FairPlanner (by Fairmas) Alternatives
Not sure if Fairmas is right for your hotel? Here are similar Hotel Accounting Software vendors that could be a good fit for your hotel:
- 1. M3 — Best for improving financial accuracy and control in hotel management.
- 2. Aptech — Best for integrating financial operations with real-time data access.
- 3. Inn-Flow — Best for simplifying hotel financial tasks with comprehensive features.
- 4. Omniboost — Best for integrating hotel financial systems for better management.
- 5. Xero — Best for managing hotel finances with ease and precision.
Capabilities
Flexible planning scenarios
Flexible planning scenarios
Flexible budget, forecast & ‘what-if’ planning scenarios are at your fingertips
Free choice of market segments
Free choice of market segments
Select the level of detail of your market segments while planning & monitoring your room occupancy & revenue. Create your company’s standard market segmentation & map individual PMS segments from different hotels into the segments
Booking pace analysis
Booking pace analysis
Booking pace analysis & year-on-year comparison is also available.
Monthly overview & comparison
Monthly overview & comparison
Explore monthly overview for reservations “on the books” & deviations from budget & forecast. Monitor high and low demand and make data-driven decisions.
Daily pickup per market segment
Daily pickup per market segment
Daily pickup per market segment is provided for 365 days in advance to support predictive occupancy and rate planning
Daily Performance Updates
Daily Performance Updates
Pickup Tracking provides daily updates for “on the books” data compared to budget, forecast, actuals and same day last year and tracks pickup developments.
PickupTracking App
PickupTracking App
PickupTracking is also available in an App allowing you access to all relevant data no matter where you are and what time it is, available for both iOS and Android operating systems
Customisable event calendar -
Customisable event calendar -
Increase transparency of your planning by entering events in the planning and comparison period.
Planning the overall values or the pickup
Planning the overall values or the pickup
Comfortably switch between planning the total values or the pickup that you predict; based on your preferred market segmentation level. Plan hotel departments or profit centres separately.
KPIs at a glance
KPIs at a glance
Make informed decisions with key performance indicators (KPIs) at a glance. Compare individual properties & multi-property portfolios. Define content & information depth individually according to cost & profit centres & management level. Generate ad hoc reports quickly and easily.
Revenue planning & reporting
Revenue planning & reporting
Define your individual planning interval according to your property’s requirements. For e.g., plan your hotels during high season on a daily basis & plan on a monthly basis during low season
Available 24/7 with web-based access
Available 24/7 with web-based access
Use our solutions whenever and wherever you are with web-based access. Data is available on your fingertips with easy access using your smartphone.
Flexible revenue and cost planning
Flexible revenue and cost planning
Based on a customer-specific P&L chart of accounts framework, easy to implement & ready to use in all types of hotel businesses. Highly flexible & customizable according to each hotel’s specific requirements; a bridge from the P&L to the budget & forecast planning for all hotel departments.
Consolidate your hotel portfolio automatically
Consolidate your hotel portfolio automatically
Automate, standardise & consolidate data for all hotel properties with actual, planning (budget, forecast) & on the books (OTB) data. Receive daily updated hotel KPIs. Have full control over which scenarios are consolidated by linking a workflow. Keep a check on the overall economic picture of your whole portfolio, or by flexible sets and specific cluster combinations.
What if Scenarios
What if Scenarios
The “what if” scenarios offer you a flexible planning approach, without affecting the actual budget plan. Easily calculate alternative scenarios using the driver function.
Manage payroll costs
Manage payroll costs
Plan your salary & wage costs based on the manning guide with automatic calculation of non-wage labour costs, productivity calculation & bonus calculation.
Rolling Forecast feature
Rolling Forecast feature
Keep your key figures up to date with the Rolling Forecast feature & plan ahead. Use the daily or monthly forecast to make informed decisions & identify deviations before they occur.
70+ Interfaces
70+ Interfaces
70+ interfaces to the various property management, accounting, document management & revenue management systems. A specialized team is continuously adding new integration partners.
Features
Accounting
4/5 features
Forecasting & Budgeting
4/5 features
Reporting
4/5 features
Compliance & Tax
4/5 features
Data Management & Integration
4/5 features
Available Add-ons & Modules
Revenue Planning & Analytics
Revenue Management Systems
Revenue Planning & Analytics is the detailed solution for efficient revenue planning and performance monitoring per profit center on monthly or daily basis.
P&L, Revenue & Cost planning & Consolidation
Hotel Accounting Software
FairPlanner is a 360° Hospitality Financial Planning & Analysis Software. It is designed for efficient 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 with a dashboard of relevant KPIs; 360° insights at a glance.
Daily performance analysis
Business Intelligence
For the simplified, up-to-date insight into the booking situation of today and the next 365 days. It enables efficient monitoring and optimization of the revenue management strategy based on the important hotel KPIs occupancy, ADR and RevPAR, without additional manual effort. Identify high and low demand periods for proactive action in Sales and Revenue Management.
Fairmas Reviews Summary
Ease of Use
4.4/5
Customer Support
4.8/5
ROI
4.4/5
Implementation
4.5/5
Recommended by
Achievements
This vendor's trending score is rising, FairPlanner (by Fairmas) is the #11 most trending product in the Hotel Accounting Software category (out of 39) and the #655 most trending product overall in the global hotel tech ecosystem. HTR assesses vendor's real time activity in the market to give buyers a sense of whether a product is gaining momentum
Learn moreFairmas’s customer support processes haven’t yet been verified by Hotel Tech Report.
Learn more about this achievement in the official press releaseThis vendor has not met the minimum criteria for the Certificate of Excellence which is awarded to vendors who exemplify transparent cultures and come highly recommended by their clients. For more information, please see the help center.
Learn about the criteria required to achieve HotelTechReport's Certificate of ExcellenceRecommended for
Fairmas Pricing
Average
This product is priced in line with the average product in the category which is usually an indicator that it is a standard product with standard functionality designed for typical operations and use cases and properties.
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Compare Fairmas to Top Alternatives
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Hotelier Rating
Looking for specific info?
8
Comprehensive business intelligence tool
DORM -Germany from 100 to 199 room Bed & Breakfast & Inn in Utrecht (The Netherlands)
Verified
2 years ago
- Fast costumer service
- Intelligent filtering and comparing of data
- User friendly design and comprehensive layout
- Quick data upload
The Netherlands
The Netherlands
DORM -Germany
Large Hotel
10
Great tool
Director of Operations from 100 to 199 room Airport/Conference Hotel in Amsterdam (The Netherlands)
Verified
3 years ago
Great tool to manage individual hotels. You keep overview on single and portfolio basis.
Very easy to work with.
The tool makes our budget and forecast process so much easier.
The Netherlands
The Netherlands
Director of Operations
Large Hotel
10
Different Brands, size of hotels, locations & cat. all can work with F-tool
Ass. Aquisistion & Dev. from 100 to 199 room Branded Hotel in Alboraya (Spain)
Verified
3 years ago
_ Forecast
- Budget
- Reporting in Excel
- support from the team
- Fairchain, for "set" Reporting
- diffferent szenarios in FC and Budget
Spain
Spain
Ass. Aquisistion & Dev.
Large Hotel
10
It is very easy to upload the data and compare it
TAMARIT BEACH RESORT from 200 to 499 room Resort in Tarragona (Spain)
Verified
3 years ago
It's very fast and agile, and allows you to compare the actual data of the forecasts and the old ones in a single report
Spain
Spain
TAMARIT BEACH RESORT
X-Large Hotel
9
Single- and Multi-Property Planning and Controlling Tool
Controlling from 200 to 499 room Boutique in Hamburg (Germany)
Verified
3 years ago
- Planning and Controlling of Single Entities or Regions / City
- Several Data extracts give the possibility to analysis different topics
- its possible to import data of Fairplanner in 3rd Party Systems
- Different views to analysis Current / Forecast / Budget
Germany
Germany
Controlling
X-Large Hotel
10
Very good P&L Controlling tool and easy to work with
Assistant to CFO/ Controlling from 200 to 499 room Bed & Breakfast & Inn in Munich (Germany)
Verified
3 years ago
- Displaying our P&L on hotel basis and generating Excel & PDF exports to work with
- Mapping of accounts is easy to implement and change
- Possibility to see individual transactions and amounts by clicking on segment level
- Possibility to generate own chart of accounts
- Very best customer service in case of problems (always friendly...
Germany
Germany
Assistant to CFO/ Controlling
X-Large Hotel
10
State of the Art Software
Corporate Manager Revenue from 200 to 499 room Branded Hotel in Dusseldorf (Germany)
Verified
3 years ago
- Planning & reporting made easy with this suite of products
- reliable both on property level and corporate level with lots of combination / consolidation options
- automatic PMS data upload
- very detailed pick-up information
- scheduled reporting as well as ad hoc reports in all areas
- overall good integration to other revenue syst...
Germany
Germany
Corporate Manager Revenue
X-Large Hotel
9
Planning made easy
Managing Director from 100 to 199 room Extended Stay & Serviced Apartment in Berlin (Germany)
Verified
3 years ago
Great software custom-made for budgeting and forecasting in Hospitality. Both modules have very good customer support. Fairmas is always open to new ideas.
Germany
Germany
Managing Director
Large Hotel
9
Fairmas - a very good choice
Controller from in Emden (Germany)
Verified
3 years ago
- the clear representation
- the uncomplicated import of accounting data
- a great support, almost fast feedback and a good troubleshooting
Germany
Germany
Controller
8
Good and easy to use business application
Director of Revenue Management from 100 to 199 room Bed & Breakfast & Inn in Utrecht (The Netherlands)
Verified
3 years ago
Fairplanner has helped us to make a significant step forward in integrating our businesses and help our hotel teams to get grip engaged with their numbers. The app with the pick up tracker data is very much apricated and widely used in our organization.
The Netherlands
The Netherlands
Director of Revenue Management
Large Hotel
- 1
- 2
- 3
Expert Q&A and Partner Recommendations
Submit Recommendation
Question:
What does this product or service do well?
Answer:
FairPlanner is the hotel-specific business intelligence solution for efficient and transparent revenue and profitability planning and interfaces with many systems like Property Management Systems and Accounting Systems.
Showing all answers to: "What does this product or service do well?"
FairPlanner is the hotel-specific business intelligence solution for efficient and transparent revenue and profitability planning and interfaces with many systems like Property Management Systems and Accounting Systems.
Great daily status update on booking situation for hotels and groups including forecasting, budgeting , pace reports, etc.
Easy to use as well as great overview no matter if you are an individual hotel or a chain.
Fairmas is great to simplify and streamline the hotel's financial planning and reporting. A better understanding of the data will help hotels run their hotel more effectively. Their integrations (including the one to and from Revinate ) are great to automate this whole process and ensure the data quality.
Question:
What differentiates this product or service from the competition?
Answer:
As a web-based corporate performance management software, FairPlanner is a controlling and planning solution at the same time: The intuitive dashboard shows all relevant hotel key performance indicators (KPI) and market data for 360° insights for the corporate control at a glance.
Showing all answers to: "What differentiates this product or service from the competition?"
As a web-based corporate performance management software, FairPlanner is a controlling and planning solution at the same time: The intuitive dashboard shows all relevant hotel key performance indicators (KPI) and market data for 360° insights for the corporate control at a glance.
Great and individual customer service as well as the time to improve the software on customer feature requests.
The software is easy to implement and ready to use in no time. Reports are easy to interpret and read.
Most positive are the easy to use and ready to use the software. Out of the box, hotels can use the systems to set KPIs and produce accurate business statuses. Furthermore, our joint customers comment about the excellent customer service and the flexibility of the team making hotel and hoteliers successful.
Question:
Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?
Answer:
FairPlanner is 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. Our experience in working with Fairmas has always been very professional with a team always looking for new innovations.
Showing all answers to: "Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?"
FairPlanner is 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. Our experience in working with Fairmas has always been very professional with a team always looking for new innovations.
Like all technologies, this tool is to support a hotelier, therefore it is important to still be on top of the game and know what is going on in the market. Systems know a lot but many times the human imput is missing, so it is very important to not only depend on the technology but do your part that complements technology and personal experience.
Fairmas will provide great technology and it is up to the hoteliers to use the technology proper and to the fullest and combine it with expert knowledge.
With any software purchase; do your homework because what is good for one hotel is not always great for others. Strategy first, processes second and technology comes last. Technology has the potential to improve and streamline your hotel operations, increase revenue and makes guest happier, but you have to select the right products that fit your needs and are suitable for the type of hotel you are.
Recommended by
Olga Tolle-Rodrigues
Sr. Manager, Global Alliances
@
IDeaS
Julia Schroeder
Head of Sales
@
Hotellistat
Olga Tolle-Rodrigues
Sr. Manager, Global Alliances
@
IDeaS
Julia Schroeder
Head of Sales
@
Hotellistat
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Fairmas Integrations
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Support
Unverified
Fairmas has not yet had their customer support processes certified by Hotel Tech Report. We recommend referencing the GCSC rubric during your demo call to make sure that this vendor has strong processes in place to support customers.
Support Not Verified
This vendor has not been GCSC Certified so Hotel Tech Report is unable to verify their support processes.
2024
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