Pricing Profile Overview

The Pricing Profile screen provides users with the ability to apply a mark-up value to any costs that are entered against any suppliers and their services in the rates screen.

Note: The pricing profile is a required item. The Pricing Engine for the Product and Reservation applications relies on the details entered into the pricing profile in order to update the costing and pricing of the services used in the Product.

The pricing profile is available in the left hand navigation menu for any product (packages, lists.)

Defining the Fields

Brands

Companies have the ability to set up multiple brands under one company. This allows companies to support multiple pricing structures within the same product.

Sell Methods

Sell Methods allow users to control the mark-up value depending on the path that the product is sold from.

Example

A company can have 2 sell methods: Call Center and Web. The user can add a lower mark-up value in the pricing profile for web bookings to incentivize their customers to create reservations online as opposed to creating reservations through the call center.

Masks

Masks represents guest configurations.

Example

A: Adult; C: Child; C1-12: Child between 1 and 12 years old

The user can create a pricing profile based on AA (2 Adults) and AAA (3 Adults for Triple Rooms) with different Mark ups. If the user wishes for the Mark Up to be applicable for all masks, leave the field empty. Users can also apply multiple Masks by entering the masks with a in slash-delimited format

Markup

The markup field is the markup value that will be applied to the costs to get the final price.

If users only want a Default markup no matter what the cost is, enter the markup with the Rounding Rules at the end (Ex: 1.37RU9). If the markup is greater than 1 (1.5), the cost will be multiplied by that number, if it's less than 1 (0.85), the cost will be divided by that number.

To apply a markup to any RACK rates in the system, add /RACK to the end of the markup value.

Maximum Commission or Max Comm

The Maximum Commission field is the way to control the commission being paid out for certain service types that are specific to the product.

Currency

In case the product is offered in different destinations and sold with different currencies, the user can control the price markups by creating multiple pricing profiles in different currencies.

Supplier ID

The supplier ID allows users to set the markup value for specific suppliers.

This field supports a wildcard entry which is particularly useful for products that have multiple different suppliers and services.

Service ID

The service ID field allows users to apply different markup values to different service ID's.

This field supports a wildcard entry which is particularly useful for products that have multiple different suppliers and services.

Gateway

If the Product offered is sold from certain or multiple Gateways, the user can apply different markup values..

Book Dates

The first date that booking is allowed for this product/package.

Departure Dates or Dep Dates

The first date that a customer can depart on this package item.

Adding Defaults

Users can add Defaults for the pricing profile under System Settings in the Security subsystem. These defaults will allow users to add default markup values for a variety of service types.

When a new product is created, the default mark-up value entered in the system settings screen will automatically generate in the pricing profile screen.

These mark-up values can be edited or deleted with new values.

If a user wants the default values to appear back in the pricing profile, they can select the "add defaults" option. This option will overwrite any markup values added and pull the default pricing profile values from the system settings screen.