Revenue management is not just about the money, it’s a much more sophisticated business.
The revenue management system is designed to predict customer’s behavior and to make micro market adjustments. It enables revenue managers to use current consumer information for the analysis of the market, product adjustment and consumer targeting via the right customer channels, at a proper time and at the right prices.
That’s why we have discussed some effective revenue management software that can provide you with optimal price suggestion, 365 days of advance forecasting, competitor rate control, special event alerts or more.
Revenue Management Software
1. Apttus
Apttus revenue management enhances customer satisfaction by bringing back-office order visibility and accounting management information to the front office when customer interactions occur. With precise invoices, you will reduce billing disputes and profit leaks. Furthermore, it allows you to enhance your product offers, delighted the clients with delivery and efficiently plan your incoming revenues with financial precision and revenue recognition. More importantly, you can identify revenue opportunities quickly and market new models of monetization for good business results. 
Highlighted Features
- Pull revenue information directly from quotes and contracts such as billing schedules and ordering terms to ensure correct invoices at all times.
- Recurring revenues from current clients will increase, retaining rates, and reduce errors via renewal automation.
- It is integrated with leading CRM software, such as Salesforce, Microsoft Dynamics and ERP Software to fulfill your business needs.
Pricing
For pricing related queries please contact the sales team of Apttus.
2. RevControl
RevControl gives you the authority to always be ahead of your opponents. You'll never miss a single day of unexpected large pickups with all revenue forecasts in one dashboard. With RevControl revenue management software, you can easily transform your insights and sell your accommodation at the correct rate and correct time. 
Highlighted Features
- Optimize your revenue by monitoring your competitors and matching your rates to the market.
- Automatically receive precise analyzes from your PMS.
- Because revenue management is concerned in every situation by determining the best daily rate.
- On your computer, tablet or smartphone RevControl is easily available. Your data is well protected by European law since it is located on servers in the Netherlands.
- Elevate your capacity to forecast revenues by combining current and historical information.
Pricing
The prices of RevControl vary according to your hotel's size. Please contact the RevControl’s sales team for the pricing details.
3. AxisRooms
It allows you to maximize your revenue smartly with pricing. And track the performance of your hotel on KPIs such as Occupancy, ADR, Revenue, and RevPAR with their future-oriented dashboard that is designed to provide insights and help you take action.
- Get access to our fully functional rate shopper with key advantages like comparing rates with your competition, knowing the online parity of your hotel rate and where your hotel stands with our revenue management system.
- Let the revenue system optimize your rates 24/7, even when you are asleep, and when they occur, you will be informed of any price updates with the flexibility to change prices at any time.
- Adjust the revenue management system to meet the unique needs of your hotel whether revenue metrics exclude commission & taxes or how your hotel compares with the competition.
Pricing
Contact the sales team of AxisRooms for the pricing related information.
4. RevSeed
A unique Strategy Management System Powered by AI & ML Algorithms for Pricing to help you make Data-Driven Decisions. Multiple Strategy Selection which allows volume Strategy, Rate Strategy, Market linked Strategy, Availability Strategy. Interactive Yielding Slate with data points with an integrated platform and inbuilt distribution platform Booking Engine, Channel Manager, or website. virtual revenue expert support
Features
- Volume Strategy - Intended to optimize Volume (OCCUPANCY) within available demand. Considering patterns such as Booking pace, Day of week trends (DOW), Competition pricing & business on books – Revseed will recommend a price to optimize Occupancy.
- Rate Strategy - Intended to optimize Rate (ADR) within available demand. Revseed evaluates the demand & accept high rated demand considering the available capacity. Revseed will recommend a price to Optimize Rate.
- Automated Multiple Optimizations - Decision upload multiple times daily for 365 Days with a smart strategy calendar that would be interactive with actionable KPI.
Pricing
You have to contact the sales team for pricing details.
Conclusion
Revenue management software can help to calculate optimum product rates, enable rapid adjustment of rates, provide future revenue & profit projections, and competitors information that will help you to achieve a more strategic approach. This article will help you to select the best revenue management software that will help you in maximizing the revenue for your business.
You May Also Like To Read
