Infor Unveils Innovative Revenue Management Tool for Hotels
Infor Introduces a Groundbreaking Revenue Management Solution
Infor, recognized globally for its cloud software tailored by industry, has unveiled its new Revenue Management Solution (RMS) aimed at the hospitality sector. This solution is set to change the traditional methods hotels and resorts use to optimize their pricing strategies in today's fast-paced, AI-driven marketplace.
AI-Driven Insights for Better Revenue Strategies
With the Infor RMS, hoteliers are empowered through the use of advanced artificial intelligence and machine learning technologies. These tools offer comprehensive insights and unprecedented control over pricing and revenue management processes, allowing for enhanced decision-making.
Key Features of Infor RMS
The innovative platform includes several key capabilities that stand out:
- Customizable Dashboard: Access tailored KPIs via a flexible widget gallery, allowing for unique screens designed to suit various business models.
- Granular Pricing Optimization: Offers detailed pricing strategies down to specific room types, allowing for flexibility with rates and discounts.
- Dynamic Configuration: Enables integration across diverse property types, making it suitable for resorts, economy brands, and other hospitality venues.
- AI Automation: Focuses on actionable insights through AI, aiding in strategic planning and forecasting.
- User-Friendly Interfaces: Designed for ease of use, ensuring high engagement and adoption among team members.
- Data-Driven Revenue Transformation: Harnesses Infor's advanced data technology to foster a holistic approach to revenue management.
Flexibility in Automation for Maximum Efficacy
The Infor RMS allows properties to choose their preferred level of automation, whether manual, fully automated, or semi-automated. This flexibility ensures that regardless of the chosen operation style, the solution continues to provide real-time data and optimization.
Adapting to Unique Property Needs
According to Alan Young, VP of Hospitality Strategy at Infor, the capability to customize automation settings is a significant advantage. Properties can operate based on their individual requirements, ensuring that whether they are small boutique hotels or large chains, the RMS is adaptable and efficient.
Meeting Industry Challenges with Innovative Solutions
As the hospitality sector faces new challenges, including regulatory pressures and evolving technology, the Infor RMS is designed to keep businesses ahead. Its AI-driven features ensure hotels can quickly adjust to changing regulations and market conditions.
Immediate Access and Simplified Onboarding
The Infor RMS is now available and ready for immediate implementation. The onboarding process includes AI-assisted setup, which reduces manual work during initial configuration. This intelligent system is equipped with a built-in rate shopping tool and utilizes advanced forecasting models for reliable projections.
About Infor
Infor stands as a leader in the business cloud software space, providing solutions to 67,000 customers across more than 175 countries. The company’s focus is on delivering enhanced value and risk management through its software offerings. Infor empowers its workforce of 17,000 professionals to utilize deep industry knowledge alongside data-driven insights to solve complex business challenges. Committed to innovation, Infor continually develops modern tools for customers, aiding in their business transformations.
Frequently Asked Questions
What is Infor's new RMS?
The Revenue Management Solution (RMS) is an advanced platform designed to help the hospitality industry optimize pricing and manage revenue effectively.
How does AI enhance the RMS?
AI enhances the RMS by providing real-time insights that help hoteliers make informed decisions regarding pricing strategies.
Can RMS be personalized for different types of hotels?
Yes, the RMS is highly customizable, allowing it to adapt to the unique needs of various hospitality businesses, from boutique hotels to large chains.
What are the key features of the RMS?
Key features include a customizable dashboard, granular pricing optimization, dynamic configurability, AI-powered automation, and more.
Is RMS available for immediate implementation?
Yes, Infor's RMS is currently available for immediate implementation with a simplified onboarding process.
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