Airlines better enabled to deliver differentiated customer experience
HOUSTON, June 20, 2016 – PROS® (NYSE: PRO), the revenue and profit realization company, today announced new innovations for RevenuePRO, its cloud-based revenue management solution for the airline industry. PROS is a leading developer of revenue management solutions for airlines, serving carriers in 55 countries around the globe.
Using data science-driven insights, RevenuePRO enables carriers to realize increased revenue by better forecasting demand, setting optimal pricing and managing dynamic availability to instantly respond to both group and individual requests.
“Airlines around the world are redefining the customer experience through dynamic pricing, offer optimization and offer personalization,” said PROS Chief Marketing Officer Patrick Schneidau. “Airlines are again at the forefront as they look to reshape other parts of their business model through the lens of advanced revenue management. With new capabilities for data science-driven analytics, PROS continues to innovate and enhance its solutions with prescriptive, actionable insights that enable airlines to realize their revenue and profit potential.”
About RevenuePRO
Airline executives are looking for new ways to generate meaningful revenue growth by improving pricing strategies and managing inventory. RevenuePRO provides carriers with a platform that increases visibility, and business and customer engagement, to help airlines accurately forecast demand, and differentiate price and availability. The platform includes PROS O&D, PROS Availability Server and PROS Optimiseur de ventes groupées.
RevenuePRO is a cloud-based solution that leverages data science-driven prescriptive analytics to help accurately forecast ever-changing demand; confidently scale winning pricing strategies to increase profits; and streamline decision-making so organizations can realize their revenue growth and profit potential.
PROS Availability Server with Real-Time Dynamic Pricing – PROS Availability Server is a high-performance engine that provides airlines with real-time availability across all channels. PROS enables airlines and their customers to circumvent the expensive and restrictive chokeholds of today’s Global Distribution Systems (GDS). With PROS Availability Server, customers can view real-time flight options and fares rather than stale data that may not surface the latest offers from participating carriers. At the same time, airlines are able to personalize offers and deliver a frictionless buying experience based on optimized availability that converts offers to bookings without increasing costs.
The highly scalable architecture of PROS Availability Server – featured in "The Art of Scalability" by Martin L. Abbott and Michael T. Fisher – creates real-time dynamic offers, at a fraction of the cost using commodity hardware, without relying on expensive mainframes. The latest spring release of PROS Availability Server includes new and enhanced features:
- Minimum availability capabilities protect against revenue leaks: Airlines can’t always predict when travel agents are booking trips with the intent to eventually cancel one or more of the segments. PROS Availability Server prevents agents from bypassing availability controls by simulating and evaluating multiple origin and destination segments. With married segment control capabilities, airlines can evaluate multiple shopping offers at request time and apply data science to prevent revenue leaks that may eventually result from cancellations or other changes to existing orders.
- Advanced channel integration: PROS Availability Server provides carriers with consistent availability across the entire revenue management system and every selling channel. Airlines are able to integrate with external systems to provide their customers with real-time availability and guarantee their best offers for customers at the time of purchase.
PROS O&D (Origin & Destination) - PROS has enhanced its state-of-the-art revenue optimization solution to provide carriers with a highly configurable system that delivers significant incremental benefits using advanced data science-driven analytics to forecast and optimize network revenue.
- Enhanced forecast analytics: Data science-driven analytics provide airlines with enhanced forecasting visibility, which enables them to better forecast demand for each flight. Carriers are able to optimize their flight networks and provide the most current availability to passengers based on their flight records.
- Data science-based Frequent Flyer Optimizer: Airlines can better serve their customers with new visibility into frequent flyer analytics to provide travelers with the most accurate fares that fit their specific shopping behaviors.
- Expanded Pricing Centric Fare Valuation (PCFV): PROS O&D now considers the connection airport when calculating daily fares for specific itineraries. The enhancement provides demand and fare analysts with additional configurability, and ensures future demand is properly valued.
PROS Optimiseur de ventes groupées (GSO) – The newest spring release of GSO provides airlines with a unique and comprehensive data science-based group revenue optimization solution that empowers confident decision-making and increases group revenue.
- Booking management enhances productivity: Agents gain greater visibility to booking information that enables them to accelerate and simplify the booking management process. PROS has added a new capability that allows agents to cancel the booking with a single click.
- Automated contract generation: New configurable contract templates can be used in conjunction with client-specific terms and conditions to automatically generate the right contract for every group request.
- Record and track payments: Airlines can now record payments against system-generated contracts and pro-forma invoices, and track balances for future actions.
Pour en savoir plus RevenuePRO, visit the website or visit PROS Twitter handle at @PROS_Inc.
À propos de PROS
PROS Holdings, Inc. (NYSE : PRO) est une société de réalisation de revenus et de profits qui aide les clients B2B et B2C à réaliser leur potentiel grâce à la combinaison de la simplicité et de la science des données. PROS propose des solutions en nuage pour accélérer les ventes, formuler des stratégies de prix gagnantes et aligner les produits, la demande et la disponibilité. Les solutions PROS de réalisation des revenus et des bénéfices sont conçues pour permettre aux clients de connaître une croissance significative de leurs revenus, une rentabilité soutenue et des processus commerciaux modernisés. Pour en savoir plus, visitez le site pros.com.
Déclarations prospectives
Ce communiqué de presse contient des énoncés prospectifs, y compris des énoncés sur la fonctionnalité et les avantages des logiciels de réalisation de revenus et de profits pour les organisations en général, ainsi que sur la fonctionnalité et les avantages des produits logiciels de PROS. Les déclarations prospectives contenues dans ce communiqué de presse sont basées sur l'expérience historique de PROS en matière de logiciels de réalisation de revenus et de bénéfices et sur ses attentes actuelles concernant les avantages des logiciels de réalisation de revenus et de bénéfices pour les organisations qui mettent en œuvre et utilisent ces logiciels. Les facteurs qui pourraient faire en sorte que les résultats réels diffèrent matériellement de ceux décrits dans le présent document comprennent la possibilité de répondre aux besoins d'une organisation en matière de logiciels de réalisation de revenus et de bénéfices, les risques associés au développement et à l'amélioration des produits de PROS avec la fonctionnalité nécessaire pour fournir les résultats déclarés et les risques associés à la mise en œuvre et à la maintenance complexes des logiciels de réalisation de revenus et de bénéfices tels que les produits logiciels de PROS. Les documents déposés par PROS auprès de la Securities and Exchange Commission contiennent des informations supplémentaires sur les incertitudes qui pèsent sur les activités de PROS. Ces déclarations prospectives représentent les attentes de PROS à la date du présent communiqué de presse. Des événements ultérieurs peuvent modifier ces attentes et PROS décline toute obligation de mettre à jour ou de modifier ces déclarations prévisionnelles à l'avenir, que ce soit à la suite de nouvelles informations, d'événements futurs ou autres.
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Contacts pour les médias :
James Garber
pros@marchcomms.com
617-960-9875
Sheila Watson
swatson@pros.com
713.335.5287