Pricing, Forecasting and Optimization Solutions Enable Global Organizations Understand, Anticipate And React To Consumer Behavior
Wellesley, MA - October 5, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that IDeaS Revenue Optimization has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
IDeaS, a SAS company, is a leading provider of Pricing, Forecasting and Optimization solutions and services. Acquired in 2008 by SAS, IDeaS enables global organizations such as leading hospitality, travel and transportation companies to understand, anticipate and react to consumer behavior in order to optimize company-wide revenue and profits.
The following customer success stories are examples of the business benefits of IDeaS' SaaS solution:
Kempinski's Hotel Baltschug in Moscow has increased its average room rate 22% year on year, which resulted in a revenue increase of $4 million. Kempinski's Mall of the Emirates generated 28% growth in Average Daily Rate (ADR) following a pricing review using IDeaS' solution.
Protea Hotels, the largest hotel group in Africa with over 100 properties across the continent, increased the Revenue per Available Room (RevPAR) at its Wanderers Hotel in Johannesburg 15 -20% since 2006.
The LA Wilshire Grand Hotel, a 900-room property in the heart of downtown Los Angeles, generated a 4% revenue increase and boasts a 99% accuracy rate as a result of implementing the IDeaS solution in 2005. In addition, implementing the SaaS solution allowed the revenue manager to redefine his role and increase his value to the hotel, by focusing more time on strategic decision-making and less time on data entry.
"We are pleased to be recognized for our role as early proponents of SaaS for the hospitality, travel and transportation industry," said Linda Hatfield, vice president of product management and marketing, IDeaS. "This award is significant to IDeaS because it reinforces our belief that solutions delivered via SaaS are the way of the future. We will continue to leverage our expertise in SaaS to deliver innovative pricing, forecasting and optimization solutions to the market."
"In today's challenging economic climate, it is critical that companies optimize their revenue opportunities," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "IDeaS' SaaS solution has demonstrated that it can help companies identify and capitalize upon new revenue opportunities, enhance their customer relationships and strengthen their competitive position."
IDeaS, a SAS COMPANY, is the premier provider of Pricing, Forecasting and Optimization solutions and services. IDeaS' Solutions are implemented via Software as a Service (SaaS) deployment with very little infrastructure, guaranteeing small upfront costs and easy implementation. IDeaS' Advantage and IDeaS for Success services help at all levels of a client's organization-strategic through operational- and our integrated approach differentiates IDeaS from the competition and creates the foundation for a successful partnership. Headquartered in Minneapolis, IDeaS has technology, support, sales and distribution offices in North and South America, the United Kingdom, Europe, Africa, the Middle East, Australia and Asia. For more information, visit www.ideas.com.
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.