HotStats integrates with Fairmas BI tool

HotStats and Fairmas, the cloud-native business intelligence financial tool, have integrated via FairPlanner, Fairmas’ P&L planning, controlling and reporting tool. The integration aims to support transition of data from hotels on the Fairmas platform to HotStats.

The integration lets mutual clients of the two companies enter their monthly actual data once into FairPlanner, which automatically sends the P&L data to HotStats to process for benchmarking. Current Fairmas customers can also begin working with HotStats on their benchmarking solution, which allows hotels to measure their operational performance vis-à-vis the competition.

“With the continuous development of our hospitality financial business intelligence solution, we maintain our user-focused and task-oriented approach as we optimize all processes in the areas of planning, controlling and reporting through automation,” said Niels Schröder, managing director of Fairmas. “Sharing a common factor of working with the profit and loss account, partnering with HotStats, an established hotel specialist for profit and loss performance benchmarking, was simply a natural fit. We look forward to working with HotStats as we combine our strengths to benefit our mutual customers. In addition to saving them valuable time and effort, plus guaranteed data accuracy, we share the ultimate goal in helping them increase their profit.”