IDeaS, a SAS company, has introduced G3 RMS Portfolio Navigator for multi-property revenue management automation.
“IDeaS is committed to ensuring our customers, regardless of size, have the tools they need to become more efficient and productive,” said Sanjay Nagalia, cofounder/COO/chief technology officer, IDeaS. “The addition of Portfolio Navigator to our flagship product, G3 RMS, is a game changer for multi-property revenue management. It helps teams highlight suboptimal business or system conditions by property, prioritize tasks with the highest revenue impact, display outstanding revenue tasks by individual property and scale revenue operations and brand contribution. This functionality helps revenue management leaders turn insights into impactful commercial actions at scale.”
Multi-property revenue management teams are often challenged to understand and act quickly upon critical revenue management decisions, according to the company. They often use multiple tools and data sources to identify trends, changes in pickup, forecasts, pricing, and market position. These methods do not scale and fail to answer the most important questions for multi-property revenue leaders. Portfolio Navigator solves these issues by boosting the power of G3 RMS to help them gain answers to their most important questions.
Portfolio Navigator analyzes business and market movement to highlight revenue opportunities and the corresponding action items needed to capitalize on them. This removes the laborious need to decide on a new strategy and action on one property at a time while enabling quick responses to business or market changes to generate optimal revenues.
The platform also provides a centralized view of all properties’ performance and serves as a single point of deployment for revenue management decisions and system configuration changes. This time-saving capability eliminates the need for tedious adjustments to individual properties’ revenue management systems.
Property and team member key performance indicators are centralized on a single dashboard, which enables corporate or cluster users to gain a quick, real-time overview of their portfolio’s business health and individual team member performance.
