Top 10 Revenue Management Consulting/Service Companies - 2020

With the rise in competition from counterparts, continuous increase of seasonal offers and discounts and customers becoming more vigilant and tech savvy, the bar of challenges for the consumer industry has risen much higher from its position in the previous decades. Not only is the hospitality industry bearing the whiplash of the aforementioned challenges, but sectors like : vehicle rental companies, medical services, financial services and the telecommunications industry are also struggling with them. At this critical point, walks in the Hero: Revenue Management Solution Providers.

Revenue Management ensures that an organization provides the best mix of its products and services to the right customer at the appropriate time and price, thus extracting the most out of a business opportunity throughout the lifecycle of the organization. The process is much more difficult in practice, because it involves a multitude of procedures, viz. - spotting the target group of consumers, identifying hierarchy of their needs and whether they would avail the product/service at the offered price. The motive is to optimize an organization’s products and services, before the shelf life of the product gets over or the service reaches a point in time, post which it is no longer required.

For example, an airlines cannot run on no profit- no loss business logic, so to derive maximum profitability at any given time, it deploys marketing strategies like, selling off seats at nominal or high rates, days before a flight’s scheduled departure or in case there is a risk of seats running vacant, revising and reducing the rates, hours before the departure. Revenue management solution providers automate a lot of the previously mentioned tasks, by analyzing the pre-recorded data and deploying prescriptive analytics to suggest further course of action for any kind of roadblocks being faced by their clients.

To assist our readers in partnering with the best of best RMS providers, bring them some peace of mind and save their precious time, that otherwise might go in collecting feedback from the big names in the industry or rummaging through the internet, CIO Review has come up with the 10 Most Promising 10 Revenue Management Consulting/Service Companies 2020.

 

Top Revenue Management Consulting/Service Companies

RIA Advisory LLC (RIA) is a business advisory and technology company that specializes in the field of Revenue Management and Billing for Banking, Payments, Capital Markets, Exchanges, Utilities, Healthcare, and Insurance industry verticals. With a team of highly qualified and experienced individuals, RIA is the trusted advisors for clients across several technology platforms. Moreover, RIA’s experts and professionals have extensive experience in revenue lifecycle management, helping companies achieve their business transformation goals with speed, ease, and financial viability

DataMax Corporation

DataMax Corporation

DataMax provides comprehensive revenue enhancement and credit collections services while adhering to the industry’s best practices and applicable laws. They operate at the highest levels of integrity, and are focused on providing quality professional services which reflect well on their clients while also driving results. DataMax’s revenue generation services are uniquely positioned to support both business and municipal clients by helping to increase revenues and cash flow (through credit collections and revenue enhancement services) while allowing its clients to decrease expenses (collecting more funds without increasing staff). Their Business Processing Outsource (BPO) solutions complement the credit collections services and cover a full spectrum of accounts receivable management projects and back-office information processing

IPD Hospitality

IPD Hospitality

Backed by decades of experience, IPD Hospitality is a premier full-service hotel management and consulting company. The enterprise’s specialized services include operations, development, sales and marketing, revenue management, and accounting. IPD Hospitality combines the talents of hospitality veterans to manage hospitality assets, including hotels, motels, restaurants, and campgrounds around the United States. Hospitality, management, consulting, revenue management, hotel operations, accounting, sales and marketing, development, and commercial real estate are some of the key specialties of the business. Every team member at IPD Hospitality is unified behind the belief in delivering exceptional service to its guests while achieving extraordinary financial results for the clients and investors

Revenue Consulting

Revenue Consulting

Revenue Consulting is a revenue management consulting firm with a vast amount of experience in pricing and commercial strategy, particularly in airline revenue management. It is expanding its superlative practices beyond traditional travel, transport, and logistics space. The business’s mission is to help its clients implement optimal strategies and technologies that maximize revenue and profit growth, as well as help them outperform the market by continuously improving their business processes. The team at Revenue Consulting has led and delivered various multimillion-dollar implementations of advanced revenue management systems for airlines globally, achieved double-digit revenue growth for both legacy and ultra-low-cost carriers, and held accountability of billions of dollars in revenue

Revenue Edge

Revenue Edge

Revenue Edge is an innovative firm dedicated to assisting multifamily organizations in implementing and utilizing the revenue management solutions that are changing the face of the multifamily industry. They provide a cost-effective alternative to hiring an in-house revenue manager. With Revenue Edge, clients gain a partner who works for them, to execute their objectives, without the cost of carrying the additional payroll burden in-house. With a focus on partnering with clients at every stage, the business offers a full spectrum of services, including collaboration during software selection, daily pricing oversight, customized training, and performance analysis

RevUp Consulting

RevUp Consulting

As a revenue management company, RevUp Consulting deals with all of the top-line revenue needs with state of the art reporting allowing transparency and peace of mind knowing the investment is in good hands. They provide hotel revenue management solutions by identifying, analyzing, and reporting on specific revenue management strategies that can be leveraged to impact asset value positively. Working beside the executive management, the business will be implementing preeminent practices, proven techniques, and the latest travel distribution developments

RG Hotels

RG Hotels

From luxury urban landmarks to upscale boutique resorts and branded properties, RG Hotels is a revolutionary hotel management company, currently providing services to some of the most distinguished hotel and resort properties around the world. Their goal is to give the clients the full advantages and feeling of having a full-time revenue manager, however, the service is provided remotely and at a fraction of the cost. RG Hotels also aims to change the way the hospitality industry perceives revenue management by implementing artificial intelligence, machine learning combined with their experience to provide clients with insightful, comprehensive information derived from the big data analysis that they conduct

S1 Hospitality Management

S1 Hospitality Management

S1 Hospitality Management is a team of hospitality professionals and industry leaders experienced in revenue management, sales, guest satisfaction, and guest loyalty across multiple brands and segments. Their hotel consultants are focused on providing clients with proven skills that span from operational support through asset management. S1 Hospitality Management was formed from hotel owners and operators with the goal of helping other owners and investors achieve success by exceeding their return on investment in the hotel business. Their unique skill sets range from ownership of multiple brands, management of full and limited-service hotels, and over 80 years of combined experience partnering with companies like Red Lion, Best Western, and Choice Hotels brings the expertise to drive profitability for the hard-earned investments

TGO Consulting

TGO Consulting

As a leading management consulting for the legal sector, TGO Consulting focuses on business, profitability, and partner group dynamics. The business has provided innovative business solutions designed to improve the productivity and performance of organizations. They help their clients become industry leaders through the use of effective software systems and solutions, focusing on providing exceptional service and delivering tangible results. Some of the services offered by TGO include management consulting, business development, leadership development, marketing, business analysis, digitalization, future of law, entrepreneurship, legal guides, pitching, and pricing

Topline Tactics

Topline Tactics

Topline Strategy is a boutique management consulting firm that specializes in market strategy, customer experience, and investor diligence for business to business technology businesses and their investors. Their clients range from core IT infrastructure companies to technology-enabled business services, and the principals combine experience at top strategy consulting firms such as BCG and Bain along with hands-on operating experience. Growth strategy development, technology due diligence, new market entry, sales acceleration, customer experience, net promoter score, go to market strategies, customer journey mapping, and B2B customer experience are some of the key offerings of Topline Strategy