Issue link: https://pros.com/learn/i/1020128
PR O D U C T G U I D E The Solution Benefits RM Advantage, an edition of PROS Revenue Management, enables network carriers to maximize value across their entire network, for full origin and destination. Powered by algorithmic forecasting and network optimization, revenue management leaders can leverage proven technology to drive revenue, gain efficiencies, and empower analysts across the organization. Additionally, RM Advantage lays the groundwork for revenue optimal offers that compromise of both the seat and ancillaries while taking into consideration distribution channels and strategies. RM Advantage is built on a robust set of capabilities including streamlined workflows and user experience developed on industry best practices. The workflows help to drive efficiencies and allow analysts to quickly drill down on their markets, identify solutions, and then focus on other revenue driving initiatives. The foundation of RM Advantage is based on proprietary Bayesian forecasting and optimization methodology, allowing revenue managers confidence in the system to drive value. Furthermore, our approach to willingness-to-pay is the first to market for class-free revenue management and dynamic pricing based on science. Combined with PROS Real-Time Dynamic Pricing, airlines can control and deliver accurate, real-time availability across channels and partners with synchronized rules, fares, and data. PROS Real-Time Dynamic Pricing allows airlines to manage increasing search volumes and better share availability data with partners, while testing and applying strategies. Combined with PROS Revenue Management, airlines revenue management leaders can be confident in their ability to scale and reduce distribution costs. Intuitive workflows built to increase productivity and collaboration Proven willingness-to-pay model that quickly learns and adapts to changes Comprehensive inventory controls and decision support Advanced forecasting methodology based on customer behavior and influences Competitive strategies to match rival carriers and make informed decisions Revenue protection from inventory spoilage Availability simulation to analyze the impact of rules and strategies Daily availability snapshots for more accurate data PROS Revenue Management Advantage & Real-Time Dynamic Pricing | 2 PROS Revenue Management is the most comprehensive industry-leading revenue management solution for the airline industry. of PROS RM Advantage and Real-Time Dynamic Pricing