New IDeaS

The revenue management software company IDeaS has launched a new cloud-based module to complements its existing portfolio.

IDeaS, a SAS company, is a leading provider of revenue management software and services. The company delivers “revenue science” to more than 13,000 clients in 140 countries. The company has now launched its new “RevPlan” software package, a cloud-based module built to complement its flagship RMS products. The module is designed to take the pain out of budgeting and forecasting a hotel’s total business, including food and beverage outlets.

Until now, hotels have relied on manual forecasting and data collection to plan operations for their total business. This error-prone, time-consuming process leads to inefficient labour costs, siloed decision-making and smaller profits.

Sanjay Nagalia, co-founder and Chief Operating Officer, IDeaS, said, “While others talk about the future of hotel technology, for the past 30 years IDeaS has invented it. Hoteliers face many challenges when it comes to the planning and budgeting of their total business. Essential data is spread out and isolated, the manual process is prone to errors and non-rooms revenue is left on the side-lines. That’s why we developed RevPlan, a budgeting and planning solution built for and by hoteliers.”

Photo: Sanjay Nagalia, co-founder and Chief Operating Officer, IDeaS