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Contract Evaluation Solution IDeaS Revenue Management Deploys
Automated Tool to
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MINNEAPOLIS, November 6, 2001 � IDeaS, Inc.,
a leading provider of revenue management solutions announced today that
it is installing its new Contract Evaluation Solution in global hotel properties
Europe and Asia. IDeaS Contract Evaluation Solution is an automated tool
that enables hotel management and sales teams to maximize revenue from
long-term negotiated contracts. This revolutionary new solution automates
the time-consuming and complicated process of evaluating contracts, providing
a quick and easy way to accurately assess the impact of contracts and quote
the most advantageous rates and terms.
�IDeaS Contract Evaluation significantly contributes to streamlining the contracting process that all hotels go through. From the ease of use, to the way that data is displayed, the Module speeds up the evaluation process and allows all contracts to be assessed and measured in the same way,� commented James Ruttley, Vice President of Client Services for IDeaS. He added, �The reception that the tool has received from the first beta installation onwards has been marvelous. Having the expertise of the hoteliers within IDeaS and our clients, it�s no wonder this tool has been so well received. � According to Philip Schaetz, Revenue Manager - Germany, Hyatt International Hotels and Resorts, "It's stunning! It's a very new way of working with our clients; a totally new philosophy that for the first time allows us to take a scientific approach to the business challenge of contract negotiations." Contracts of different types can make up a significant portion of a business� revenue; therefore, the impact of making optimal decisions in contract negotiations can have a significant financial impact. IDeaS Contract Evaluation Solution assesses numerous variables and providing hotels with more flexibility when making decisions on contracts. According to Mr. Ruttley, �Hotels and chains worldwide must consider the displacement of other business, the types of rooms and access to the inventory being requested, the frequency of business and the overall impact of a particular business on their revenue management strategy.� Contract Evaluation for corporate contracts is the first module of four to be deployed. Future modules will address the specific needs of hotels to assess and negotiate contracts for aircrew, tour series and allotment business. About e-yieldTM Revenue Management Solution The e-yield? Revenue Management Solution by IDeaS automates the decisions that accept the most profitable mix of business, selling hotel rooms at optimum prices. e-yield? is a scaleable enterprise solution that is customized to meet the precise requirements of each individual property, its unique characteristics and business practices. It is designed to analyze the demand in the marketplace, match the most profitable demand to available inventory and manage room inventory by automating the decisions on what reservations to accept at what prices, by managing overbooking, availability and length of stay. e-yield? is the only completely automated decision solution in the industry and the only solution to forecast group business. It integrates seamlessly with core hotel technology systems, including PMS, CRS and S&C. The solution is available in property-based, centralized or ASP-based configurations. e-yieldTM won the prestigious �World Class Solution� Award recognizing innovative, successful business intelligence implementations that provide true business value. About IDeaS, Inc. Integrated Decisions and Systems, Inc. �IDeaS� is the leading provider
of revenue management solutions that deliver measurable, guaranteed revenue
increases. The company has invented analytic decision solutions that
enable global clients to manage complex market segmentation, packaging,
pricing and inventory management. IDeaS solutions create compelling
enterprise value: 1) Increased Revenue�guaranteed, 2) Higher Profits and
3) Enhanced Property Valuations.
IDeaS, founded in 1989, is headquartered in Minneapolis, Minnesota. The company maintains technology development, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. For more information, visit www.eyield.com or call 651-905-3200. |
Jill Gibbs IDeaS, Inc. (651) 905-3200 [email protected] http://www.eyield.com |