Duetto has launched a series of new features and innovations for ScoreBoard, its revenue intelligence application.
The new forecast and budget builder in ScoreBoard aims to help revenue managers, finance and operations teams to generate forecasts and budgets more quickly and accurately, whether by property, brand, or at a corporate level.
“Revenue managers need to quickly and efficiently create forecasts and budgets and share them with internal teams, third-party applications, and key stakeholders,” Darren Koch, Duetto chief product officer, said in a statement. “The new forecast and budget builder was developed to bring efficiency and agility to their workflow. It allows commercial teams to toggle between high-level quarterly projections and more granular day-level forecasts to deliver unmatched accuracy.”
The new forecast and budget builder UI reduces complexity in revenue operations while improving data accuracy and data sharing, powered by the following innovations:
- Analytics: intelligently detects anomalies and recalibrates projections for all revenue-generating outlets.
- Speed and in-app agility: customizable views help users manage their forecasts and budgets in Summary or Segment level views, enabling them to forecast by day.
- Intelligent auto-fills: revenue teams can now create budgets quicker and more efficiently using auto-fills. Users simply enter a total month value and the system will break it down to sub-segment and day-of-week levels.
- Seamless import and export: easily format and export reports either internally or with third-party systems. Exported data will be appropriately split into individual columns to streamline analysis.
- Physical vs. adjusted occupancy: forecasting based on physical inventory and net out-of-order rooms to boost accuracy.
- Forecast business mix: drill down to the business mix of forecasted values to better project actuals, including ancillary streams.
“Thanks to forecasting on the segment level we get to a much more accurate ADR forecast," said Christine Jackson, manager demand, Europe, citizenM. "Having a forecasted business mix is nice because I prefer to do forecasts based on the mix and not on the actual numbers.”
“The new functionality allows me to see the business changes right now and to select which order is most important," said Juliane Ziesmer, CRM, NH Hotel Group. "I use the customizable setup to see the system forecast right in front of my forecast so I can compare it and see where we have differences now.”