Dynamic Pricing and Revenue Optimization
" ... we have far better control over revenue and cost allocations. The SAS system is flexible and we can change reporting procedures as required. We've also reduced the time and administrative effort that's required to produce financial reports."
Vice President for Finance
LOT Polish Airlines
How SAS® Can Help
SAS offers a complete software solution for travel and transportation companies by providing a modular solution that integrates well with existing software and is configured to your organization's requirements. With SAS you can:
- Create more meaningful customer segments with state-of-the-art data mining tools in an easy-to-use interface.
- Address forecast performance issues and forecasting complexity using multiple forecasting methods, hierarchical forecasting capabilities, automatic model selection, exception and outlier management, and superior scalability.
- Forecast demand, bookings, labor and make better marketing decisions using SAS' forecasting and optimization solutions.
- Obtain feedback on pricing effectiveness by monitoring, tracking and analyzing the performance of marketing and pricing campaigns, as well as how segments and contracts perform in real time.
- Create better pricing offers with a robust, flexible and interactive platform for determining the optimal pricing strategy by taking into account demand forecasts, market conditions and operating constraints.
- Clean large data volumes to enable you to access and integrate influential data from rate shopping engines, Web behavior or by benchmarking providers.
How SAS® Is Different
SAS is your business partner and the SAS product management team holds users meetings, gathers feedback, and develops and refines its solutions in accordance with our customers' needs. Only SAS delivers:
- Comprehensive data management products that enable you to extract, cleanse, transform, aggregate, load and manage the detailed customer purchase behavior data required for revenue management and price optimization.
- Forecasting tools that automatically perform large-scale forecasting tasks typical of the travel and transportation industry to support the detailed and complex demand forecasting process.
- Operations research modeling and solution techniques that include the latest advancements in mathematical optimization to support revenue- and profit-maximizing pricing strategies.
- Information delivery software that provides flexibility in how a customer can disseminate information to the masses.
- Superior scalability and multiple forecasting methods, including hierarchical forecasting capabilities, automatic model selection, exception and outlier management, give you confidence in your demand forecast and pricing strategy.
Related Products and Solutions
- SAS® Enterprise Data Integration Server
- SAS® Forecast Server
- SAS® Enterprise Miner™
- SAS® Text Miner
- SAS® Financial Management
- SAS® Profitability Management
- SAS® Revenue Management and Price Optimization Analytics for Hospitality and Travel
SAS® Enterprise Data Integration Server
SAS Enterprise Data Integration Server is a powerful, configurable and comprehensive solution designed for managing big data that can access virtually all data sources; extract, cleanse, transform, conform, aggregate, load and manage data; support data warehousing, migration, synchronization and federation initiatives; support both batch-oriented and real-time master data management solutions; and create real-time data integration services in support of service-oriented architectures.
SAS® Forecast Server
SAS Forecast Server generates large quantities of forecasts quickly and automatically without the need for human intervention unless so desired. The software automatically chooses the most appropriate forecasting model, optimizes the model parameters and produces the forecasts. Time series data management capabilities are also included. The ability to preprocess transactional data can save organizations significant time and resources, and the unsurpassed scalability of SAS Forecast Server enables your business to operate more efficiently.
SAS/OR software provides a powerful array of optimization, simulation and project scheduling techniques to identify the actions that will produce the best results, while operating within resource limitations and tight restrictions. It enables organizations to consider more alternative actions and scenarios, and determine the best allocation of resources and the best plans for accomplishing goals.
SAS® Enterprise Miner™
SAS Enterprise Miner streamlines the data mining process to create highly accurate predictive and descriptive models based on large volumes of data from across the enterprise. It offers a rich, easy-to-use set of integrated capabilities for creating and sharing insights that can be used to drive better decisions.
Forward-thinking organizations today are using SAS data mining software to detect fraud, minimize risk, anticipate resource demands, reduce asset downtime, increase response rates for marketing campaigns and curb customer attrition.
SAS® Text Miner
SAS Text Miner discovers information buried in collections of unstructured text data. By automatically reading text and delivering algorithms for rigorous, advanced analyses, the solution makes it possible to grasp future trends and act on new opportunities more precisely and with less risk. It includes advanced linguistic capabilities within the core data mining solution of SAS® Enterprise Miner™ so you can easily extend text mining insights into structured data mining and predictive analysis.
SAS® Financial Management
SAS® Financial Management is a comprehensive solution for enterprise planning, budgeting, consolidation and reporting. With a proprietary calculation engine and accounting logic, this remarkable solution consolidates planning or historical information on demand, ensuring that the latest information is always available for decision makers and regulatory agencies.
SAS® Profitability Management
SAS Profitability Management provides accurate cost and profit calculations based on the rule-driven allocation of expenses and revenue down to the individual transaction. By providing insight into profitability factors, the solution helps decision makers focus on opportunities for profitability improvement – such as preventing unprofitable customers from destroying up to 400 percent of your net income.
SAS® Revenue Management and Price Optimization Analytics for Hospitality and Travel
SAS Revenue Management and Price Optimization Analytics is an analytic package that facilitates the development of proprietary revenue management and price optimization capabilities. This product helps increase revenue by using advanced revenue management and price optimization demand modeling and forecasting techniques.
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