9 Best Revenue Management Software Businesses Should Use

What is Revenue Management Software?

Revenue Management Software, also known as an RMS, is a smart software solution that automates essential revenue management tasks, enhancing efficiency and saving time. In the context of hospitality businesses, these systems utilize collected and analyzed data to calculate and suggest suitable rates for specific time periods, customer segments, or distribution channels.

Why use revenue management software

Control business performance

Many businesses are now prioritizing revenue management with Excel. However, Excel functions are not easy, and manual calculation and data review are error-prone. These are obstacles for managers who are inexperienced in financial-accounting operations.

Revenue management software helps businesses control revenue

Revenue management software was developed with a full set of revenue calculation formulas. With this, businesses can easily control business activities and manage revenue. Managers enter the right data and they quickly get accurate results. Therefore, businesses can effectively control the actual revenue, gross profit, loss, balance sheet, etc.

Managers easily see and evaluate the business performance in real-time. This will be the basis for them to come up with strategies to improve operational quality.

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Save time and costs

Manual or revenue management with Excel methods requires time to record and conduct calculations. However, a revenue management application automatedly calculates and reports data. This saves managers more effort and time while minimizing unnecessary confusion.

Revenue management software saves more time and costs than manual calculations

In addition, the software allows businesses to save costs on recruitment and training personnel. They can now perform revenue management using the software with a small charge.

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Manage revenue remotely

Technology development has led to the introduction and improvement of many modern applications, including revenue management software. These days, these software platforms have already allowed businesses to perform remote revenue management via Internet-connected phones or computers. 

Managers can monitor business activities even when they are out. As a result, they can rest assured of operations and spend time focusing on other important tasks.

This software allows easy businesses management from a distance

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9 best revenue management software

If you are looking for an appropriate revenue management application, the following list of 9 best software is for you.

Viindoo Sales - revenue management software

Viindoo Sales is an effective sales management software to use. This software helps businesses organize sales management, speed up order processing, and manage revenue and costs. In addition, Viindoo Sales supports convenient customer service anywhere, any time, with any device.

Viindoo Sales owns many advanced features such as:

• Automate reporting sales with diverse metrics, smart filters, charts, and so on. Therefore, managers can make smart decisions that fit trends and customer behaviors. 
• Plan pricing strategies for diverse market segments and customers.
• Manage revenue, expenditure, and waste.
• Provide multi-dimensional reports in real time.
• Fully integrated with other management software of Viindoo.

Excel - revenue management software

3 outstanding advantages make Excel the most popular and preferred application are: 

• Is suitable for small-scale businesses with small daily orders and costs incurred.
• Own an unlimited free set of operations.
• Allow spreadsheets, easy conversion into charts, and provide clear statistics.

Excel represents data in different forms such as tables, documents, and charts

Excel possesses many advantages. However, this software still has certain limitations as follows:

• Errors and conflicts usually occur when many people are involved in managing and editing data.
• The software does not support viewing data over time, only provides a sheet-by-page view.
• Decentralized management according to personnel levels is limited.

Sapo - Sales management software

Sapo is a Vietnam revenue management application that helps businesses increase 30% of revenue but save up to 30% of efforts. Besides, businesses when using the software will receive enthusiastic support from Sapo.

Sapo provides a Product Listing solution for sale on multi-platforms

Sapo management software stands out with its features:

• Provide full reports on revenue and orders on all e-commerce platforms.
• Providing Product Listing solutions, allowing businesses to post and sell products synchronously on multi-platforms such as Shopee, Lazada, Sendo, etc.
• Duplicate products between e-commerce platforms, saving time on posting up to 5 times.
• Manage messages and comments on sales channels on one system; send mass advertising messages free to customers with interaction within 24h.

Maybanhang.net management software

Maybanhang,net is a tool for revenue management powered by EZ Solution. This tool owns an elegant and easy-to-use black interface. With the tool, managers can save more time and cost for management.

Maybanhang.net impresses with a simple black interface

Maybanhang.net attracts users with features such as: 

• Effective warehouse management with functions supporting import goods, inventory management, inventory control, etc.
• Effective management of sales, revenue, profit per order, and customer group.
• Chain management according to the ladder model.
• Customer information management with convenient customer care processes.
• Public debt management on one system.

Nhanh.vn - revenue management software

Nhanh,vn is a revenue management software with a simple interface and diverse categories. This platform is popular among domestic businesses and retailers.

Nhanh,vn - an effective multi-channel sales management software

The platform provides users with outstanding features such as:

• Periodic reports on the business situation of every part of the business chain.
• Smart warehouse management with historical import-export for convenient inventory management.
• Management of work performance and employees.
• Better customer service based on old purchase history.

POSAPP software

POSAPP, previously known as Mobitouch, was developed by a unit specializing in sales and administration support software. When using this revenue management software, businesses will be supported by enthusiastic and creative staff.

PosApp stands out with the ability to connect different sales devices

This software provides customers with the following special features:

• Work on many devices such as phones, PCs, POS machines, Tablets, etc. even without the internet; support printing invoices, code stamps, and barcodes.
• Support diverse payment methods such as e-wallets, QR codes, and ATM cards.
• Allow data synchronization and management processes optimization with cloud computing technology.
• Provide reports on business performance, profit and loss, pay slips, etc. in real-time.

MSHOPKEEPER management software

MShopKeeper brings users a professional and pleasant interface with white and blue colors. Besides, MShopKeeper possesses great features:

• Store chain management.
• Accurate business and revenue reports.
• SMS Marketing for increasing sales.
• Ability to connect with other accounting software.

MShopKeeper owns a pleasant blue-white interface

Haravan software for revenue management

Revenue management software - Haravan helps businesses comfortably manage capital, expenses, and revenue from different branches and sales channels. The software also allows managers to effectively track periodic revenue with 4 main types of reports: profit and loss statement, account payable, account receivable, and cash book.

Businesses can effectively manage omni-channel sales with Haravan 

Along with that, Haravan satisfies SMEs with great features such as:

• Omni-channel sales management.
• Marketing solutions set such as Chatbots for effective Customer Service.
• Support for growth management with Sales Management, Delivery Management, Payment Management, etc.

Suno - revenue management application

Suno - Simple and easy software

Besides, Suno provides other outstanding functions such as:

• Sales revenue calculation.
• Inventory management.
• Revenue and expenditure management.

Criteria for choosing effective revenue management software

It is not an easy task to choose a suitable revenue management application to use among diverse options. However, businesses can learn the following criteria for more references:

• High adaptability: Businesses can save money and quickly make adjustments when needed if the software is highly adaptable to market fluctuations and easy to set up.
• Fast processing speed: Software with fast data processing speed helps perform effective management. 
• High security: Applications should be safe according to international standards.
• Supplier support: Support is essential for small businesses that do not have a professional technical team. Suppliers should help businesses install optimal systems, troubleshoot problems, and ensure smooth operation.
• Integration: The software should be integrated with PMS, CRM, and CRS. This allows information in the systems to be shared and synchronized throughout the enterprise.
• Cloud computing: The cloud-based application allows data sharing and storing in real-time.

Criteria for choosing suitable revenue management software

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