BETHESDA, Md. – Otelier today announced the official launch of the next generation of TruePlan, its modern budgeting and forecasting platform, redesigned for hotel businesses looking to move beyond spreadsheets, outdated tech or legacy tools and accelerate financial planning cycles. Users will discover a completely new user interface that delivers a modern technology experience, notably more innovative than other industry solutions. With a suite of powerful enhancements, TruePlan now delivers a faster, more intuitive way for hotel groups to plan, collaborate, and execute their financial strategies – across dozens or hundreds of properties.
TruePlan now gives hotel portfolio operators the flexibility to build smarter, more accurate forecasts at the daily level, apply bulk actions to accelerate workflows, and collaborate with cross-functional teams – all within a single, seamless platform integrated into Otelier’s ecosystem.
With TruePlan, hoteliers can reduce the amount of time spent in “budget season” by 30%, on average, by starting with pre-populated data based on historical and hospitality-specific drivers. Streamlined collaboration across departments reduces revisions and eliminates any gap periods at the end of the month or year.
Budgeting and forecasting should be powerful, not painful. We have rebuilt TruePlan based on customer feedback, and the result is a platform that’s not only faster and more scalable – but one that meets the real-world needs of today’s hotel finance teams. With TruePlan NextGen, you can go from data to decisions in a fraction of the time. Russell Meek, Senior Director of Product Strategy at Otelier
Among the most significant improvements in the new release:
- All-New Modern UX: Designed for ease of use and faster onboarding, the updated interface reduces training time and helps teams move more quickly through workflows.
- Bulk Action Tools: Apply changes across hundreds of hotels or budgets with fewer clicks, reducing manual work for finance and operations teams.
- Daily-Level Forecasting Architecture: Build more granular, flexible plans that respond to real market conditions – ideal for high-volume portfolios and dynamic operating environments.
- Self-Service Onboarding & Setup: Get started without lengthy IT involvement and manage your own chart of accounts.
- Built-In Collaboration Tools: Keep teams aligned with comment threads, automated alerts, and a full change log for transparency and accountability.
- Power BI Integration: Access curated accounting and planning reports out of the box, enabling faster insights and more informed decisions.
- Pre-Built Financial Drivers: Get up and running quickly with hospitality specific planning drivers available at launch.
The improved TruePlan is built on Otelier’s centralized integration framework, enabling real-time data flow between tethered solutions for business intelligence, Accounts Payable automation, night audit compliance, and financial reconciliations. This allows hoteliers to build budgets with real time data from multiple source systems, such as PMS and labor solutions.
To see how TruePlan can help your team plan faster, collaborate smarter, and scale with confidence, learn more and request a demo here.
About Otelier
Otelier is a hospitality data platform powering the future of hotel operations. Serving more than 10,000 hotels worldwide, Otelier provides the industry’s most comprehensive platform to help hotel owners and operators automate back-office processes and unlock a 360-degree view of their businesses. With more than 30 years of experience building solutions for the world’s leading hotel groups, Otelier is trusted by hotels of all sizes — from individual properties to hotel management groups to global brands – for real-time visibility into financial and operational performance. Learn more at otelier.io.
