LIKNOSS Revenue Management

Revenue Management incorporates business understanding, proficient technology, know-how and use of appropriate algorithm of advanced mathematics. It is a high-caliber business tool that helps the professionals in the ferry industry to adjust capacities, pricing and customer segment, so as to maximize the benefit on a given time period.

Key Features of LIKNOSS Revenue Management System include:

• Supports Multiple Accommodation Types.
• Supports Multiple Legs.
• Supports vehicles and garage space.
• Supports Groups.
• Can target multiple passenger segments per trip/leg.
• Built in Alerts (reactive to its environment).
• Constant Optimization and reforecasting.
• Targets at a revenue optimization of 3-12% per trip.

Revenue Management is a fully operational and user-friendly system, developed from our long-term experience on the complexity of the ferry industry. The power of knowledge is available to the user, with tools that scale and adapt to specific business needs. Revenue Management System can be customized in a dynamic way, even by the user himself, thus each implementation is distinguished.

The overview dashboard is fully customized to serve the needs of LIKNOSS RM. It’s an environment that can be fully customized for each specific user as well as by the user himself.

LIKNOSS RM is designed to be fully customizable and serve the needs of each Ferry Company, thus, every LIKNOSS RM implementation is unique.

LIKNOSS Business Intelligence Tools

LIKNOSS Business Intelligence tools are based on the same technology used for the Revenue Management. It is the process of collecting and analyzing Data used to provide knowledge to top level executives, so they can take strategic decisions.

There are two main families of systems, providing useful KPI’s and measures, as well as comprehensive decision-making information:

 Α) Expert System for Travel Agencies:

• Customer segmentation and evaluation. Configuring customer segments, profitability by customer category.
• Products and service segmentation aiming at profitability by product, service.
• Drill Down Capabilities.
• Key Performance Indicators (KPIs) using online dashboards.
• Easy Drag and Drop design.
• Large selection of Tools (Grids, Bar Charts, Line Charts, Pie Charts, Scatter Charts,Gauges and Cards to follow targets and KPI’s, Maps for Geographical Segmentation, Filters).
• Export Capabilities (image, excel).

  Β) Expert System for ferry companies

• Multidimensional Analysis.
• Comparison with Industry Standards.
• Easy Navigation.
• Alerts.
• Web/Mobile Displayed Information.
• Trends/Comparison with last year.
• Forecasting.
• Drill Down Capabilities.
• Quality Information.
• Standardized set of reports.
• Key Performance Indicators (KPIs) using online dashboards.
• Easy Drag and Drop design.
• Large selection of Tools (Grids, Bar Charts, Line Charts, Pie Charts, Scatter Charts, Gauges and Cards to follow targets and KPI’s, Maps for Geographical Segmentation, Filters).
• Export Capabilities (image, excel).