Revenue Management
Time is money. Boost your profits by optimizing operations, from payment processing and memberships, to loyalty program management and so much more. Revenue management is optimizing pricing and product or service availability based on anticipating and predicting consumer behavior and fluctuating market factors in order to achieve the best financial results. Sell the right product or service to the right customer at the right time for the right price.
Benefits and Features at a Glance
- Better understand your customers.
- Eliminate guesswork & truly understand your business operations
- Increase occupancy & revenue with yield management.
- Built-in, easy-to-use POS allows you to process multiple payment options, offer a quicker check-out, and share receipts via email.
- Integrated payment solution makes it easy to streamline your payments.
- Make smarter decisions when it comes to treatment menus and offerings with accurate reports on how well services & treatments are performing.
- Reduce product waste with better tracking of retail sales items.
- Keep up with market changes.
Yield Management
Know your top revenue generating services and peak times. Then tailor your menu and service offerings to maximize sales and occupancy by implementing dynamic pricing – beyond just discounting! – and offering the right products and services to the right people at the right time.
Increase Staff Commissions
Keep Track of Your Important Metrics
Track your capture rate for services and retail, your staff utilization, your treatment room occupancy, and more. Knowing your business will allow you to optimize it and capture any revenue being left on the table.
Know Your Customers
Incentivize Your Team to Earn More
Your team can increase their commission and your revenue with upselling and cross selling. These can be commonly applied with adding retail products, VIP add-ons, mini treatments, and more, onto services at time of booking the appointment, during confirmation communications, during check in, or during the treatment itself.
POINT OF SALE (POS)
CREDIT CARD PROCESSING
MEMBERSHIP BILLING
INCENTIVE PROGRAMS
ROOM AND HOUSE CHARGES
COMPLIANCE
Fiscal printing? Check. E-invoicing? Check. You can be sure you’re fully compliant with audit requirements and reporting regulations in 50+ countries. Plus, know your data is secure on Amazon EC2.
POINT OF SALE (POS)
CREDIT CARD PROCESSING
MEMBERSHIP BILLING
INCENTIVE PROGRAMS
ROOM AND HOUSE CHARGES
Easily integrate your hotel PMS and process room charges in real-time. Optionally, transfer all spa revenue to your hotel system
COMPLIANCE
We’ll show you how our software benefits your business — and you
Book4Time’s world-class features are tailored to help your wellness business
grow and thrive.
