Source: The Rainmaker Group / #RevMan #Rainmaker
ATLANTA, GA - The Rainmaker Group, the leading provider of revenue management and profit optimization solutions to the multifamily housing and gaming/hospitality industries, announces the release of LRO revenue management software version 13.7, a robust update introducing Business Objects, the system’s business intelligence (BI) reporting platform. Designed with greater flexibility and drilldown capabilities, Business Objects delivers improved access to historical revenue management data enabling better benchmarking and predictive analytics of pricing trends for a community or across a portfolio. The enhanced flexibility also permits reports to be rolled up by owner, a huge benefit to institutional and private owners.
“The vast amount of information available through BI, predictive analytics and historical pricing data will forever change the practice of revenue management,” said Andrew Rains, president of Rainmaker LRO. “We understand the importance of having access to as many data sources as possible to further enhance how revenue managers and pricing executives are strategically pricing units. Leveraging such data can have positive impacts on overall operations, budgeting and marketing practices. Reporting and dashboards available only through Business Objects and within the 13.7 update will be profound not only in how our clients will conduct their pricing strategies in the future but in their continued success.”
To better prepare users for pricing best practices built around business intelligence, LRO 13.7 will deploy multiple cutting-edge reports. BI data reporting only available through LRO revenue management provides access to drilled-down information through new summary analysis and rent trend reports and renewal mail merge. Further improving productivity, users will have the ability to quickly access and review community and unit-type data necessary for pricing discussions with the new pricing call dashboard.
Additional functionality found in LRO 13.7 includes:
Enhanced renewal processes for affordable units with streamlined ability to set rent caps.
Greater visibility into how pricing is generated through the separation of new and renewal optimized lease demand.
Simplified user experience with web-based access to administration parameters, rent overrides and lease expiration management functionality.
Rainmaker LRO is the leading multifamily lease rate optimization solution used to maximize revenue from apartment leases. The system calculates optimized pricing based on multiple factors that influence rate setting, including traffic and lease duration, move-in dates, competitive affects and other metrics. The system also produces enterprise-wide demand forecasts by measuring and analyzing historical and current market metrics and performing calculations necessary for occupancy predictions that are dynamically updated as market conditions change.