Otelier, the hospitality data platform, has unveiled a revamped version of its budgeting and forecasting solution TruePlan, designed specifically for the hotel industry. With a refreshed user interface and enhanced functionality, the platform aims to help hotel operators replace cumbersome spreadsheets with a more streamlined and collaborative financial planning experience.

Developed in response to customer feedback, the new TruePlan supports real-time data sync, detailed forecasting, and rapid onboarding, enabling hotel finance teams to move “from data to decisions” faster than ever.

Russell Meek, Senior Director of Product Strategy at Otelier, shared, “Budgeting and forecasting should be powerful, not painful. We’ve rebuilt TruePlan to be faster, scalable, and aligned with the real-world needs of today’s hotel finance teams.”

The updated platform allows daily-level forecasting, bulk action tools, and pre-loaded financial drivers relevant to the hospitality industry. It also fosters cross-department collaboration, reducing revisions and delays, while enabling users to shorten budgeting cycles by up to 30%.

Key features include:

• Modern user interface for intuitive use

• Self-service onboarding

• Built-in collaboration tools

• Power BI integration for dynamic reporting

• Integration with PMS, labour, BI, and accounting systems for live data planning

TruePlan is built on Otelier’s centralised integration framework, which ensures synchronised data flow across various hospitality tech solutions such as accounts payable automation, financial reconciliations, and night audit compliance.

This latest launch marks another step in Otelier’s mission to optimise hotel performance, following its strategic partnership with Repay Holdings last year to enhance payment and financial workflows across the industry.

With TruePlan, Otelier is not only improving financial forecasting but also redefining the way hoteliers collaborate and make critical planning decisions.