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Client Driven Innovation Remains the Focus for IDeaS Revenue Optimization V5i version 3.2
10 March 2008
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IDeaS, the leading provider of hospitality revenue management and optimization solutions, announces the IDeaS Revenue Optimization V5i version 3.2. The latest version of V5i features over 30 client-driven enhancements which benefit hotels’ decision-making processes and ultimately support a complete selling strategy. Specifically, IDeaS has worked directly with clients to enhance the Group Pricing Module, the Best Available Rate (BAR) Module, and added integration with Newmarket’s Delphi Sales & Catering systems.
In parallel, IDeaS has launched the New Hotel Service Success Package which enables new hotels within an estate to gain the benefits of using the IDeaS V5i solution at the earliest opportunity by leveraging budget data along with business patterns derived from like hotels.
"We are passionate about the products and services we provide to the hospitality industry and are continually working to improve those offerings by partnering directly with our clients,” said Linda Hatfield, Vice President of Product Management for IDeaS. “The enhancements in IDeaS V5i provide a further advantage to our clients as they address the challenges in today’s marketplace.”
The IDeaS V5i version 3.2 features the following new functionality:
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Group Pricing Module – building on the capabilities to quickly quote a group inquiry across multiple properties for a variety of arrival dates – the module now supports sophisticated “What If” analysis. This functionality allows users to model various scenarios when considering which group inquiry will return the greatest profit to the hotel.
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Best Available Rate (BAR) Module – as a result of working closely with several high profile IDeaS clients, an expanded data view has been added along with filtering capabilities to support exception management. This comprehensive view of the data supports a robust “strategic selling” approach.
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Sales & Catering Integration – provides the functionality to launch the Group Pricing Module from within the Newmarket Delphi product. The Group Pricing Module will be pre-populated with basic information about the group from the Newmarket system. This eliminates redundant data entry and allows a more seamless experience for users.
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Custom Reports – the creation of the Custom Report service is in direct response to client requests for IDeaS to create specialized reports yet make them available through the standard interface which supports automated scheduling and delivery via email. This service opens the door to an extraordinary range of report possibilities.
New Hotel Service Success Package
As many hoteliers continue to enjoy significant growth in the size of their hotel portfolios through the construction of new hotels and the acquisition of existing properties, IDeaS has developed the New Hotel Service Success Package to allow IDeaS V5i to be installed at the earliest opportunity.
Techniques include the ability to ‘clone’ the booking patterns from an existing hotel in the estate to an opening hotel or acquired property – this is then complimented with the budgetary projections for the hotel.
The booking patterns are used to estimate how business will materialize and behave, and the budgetary projections are used to forecast the volume and value of the demand. With these two main data elements, IDeaS V5i can provide Forecasts and Decisions even before the hotel opens.
The patterns exhibited in the first few months of a hotel’s operation are often quite volatile, as the true business patterns for the hotel emerge; the IDeaS Auto Correcting Forecasting feature modifies the ‘cloned’ information with the true data from the hotel.
How can you stay ahead of the curve in your revenue management strategies?
Attend IDeaS complimentary webinars – Join our March Webinar “Addressing the Challenges of Dynamic Pricing for Your Hotel”
About IDeaS | Integrated Decisions and Systems, Inc. (IDeaS) is the premier provider of enterprise revenue management and optimization solutions and consulting. By providing Forecasting, Optimization and Pricing solutions and consulting, coupled with IDeaS' On Demand Software as a Service (SaaS) applications, IDeaS can help make an immediate impact on company revenue and profitability.
IDeaS goal is to work hand-in-hand with clients to identify strategically important, complex business problems and then develop unique revenue management and optimization strategies that enable global organizations to understand, anticipate and react to consumer behavior in order to maximize company-wide revenue or profits.
Headquartered in Minneapolis, Minnesota, IDeaS maintains global technology, support, sales and distribution offices in North & South America, the United Kingdom, Europe, Africa, Middle East, Australia and Asia. For more information, visit .
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Star Bazella
Marketing Manager
United States - Minneapolis, Phone: +1 952 698 4200
Fax: +1 952 698 4299
Email: star.bazella@ideas.com
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IDeaS a SAS company
https://ideas.com
8500 Normandale Lake Boulevard, Suite 1200
USA
- Minneapolis, MN 55437
Phone: (952) 698-4200
Email: info@ideas.com
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