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Revenue Management in the Travel Industry
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Pricing and Revenue Management. Veritec's staff have pricing and revenue management experience across approximately 20 industries. We offer the broadest experience available for non-traditional implementations of price optimization and revenue management. Of course, we also have extensive experience in industries such as airline, hotel, cruise line and rental car in which revenue management, pricing analytics and price optimization capabilities have been sought for 20 - 30 years.
We offer a comprehensive range of revenue management and price optimization services.
Transportation Analytics. In addition, we have extensive experience in transportation analytics within airlines, passenger and freight railroads, and intermodal companies. In addition to Revenue Management, our expertise includes Scheduling, Equipment Strategy, Facility Planning, and Opportunity Assessments.
Veritec offers customized software systems solutions, ranging from "low technology" reporting approaches to "state-of-the-art" pricing and network optimization systems. We provide reporting tools that measure key metrics facilitating the improved operation of equipment fleets as well as sophisticated optimization tools to route thousands of shipments across a multi-modal transportation network on a real-time basis.
We design and develop decision support tools that are integrated into existing database systems to provide guidance in making tactical and strategic decisions.
Veritec uses an iterative, modular approach to software development. Our approach has been fine-tuned over the years to ensure that development risks are reduced (e.g., high risk areas are addressed in early iterations), key functionality is demonstrated by providing deliverables to our clients well in advance of system delivery, and collaboration with our clients occurs to the fullest extent possible.
It is worth noting that our expertise and involvement can go beyond systems development. Revenue management success is often a result of both strong systems capabilities as well as having supporting business process and policies in place. As appropriate, we can provide whatever training and educational support is necessary to achieve better success with the system. In addition, we can help ensure that business processes are consistent with effective revenue management.
Please contact us to request more information on how Veritec can enable you to get more from your pricing and revenue management programs as well as bring your transportation analytics to the next level.