Mark-Up Values Pricing Profiles

Owned by Oz Akman
Last updated: Apr 24, 2023
5 min read

Mark-Up Values Overview Pricing Profiles

Softrip provides the ability to add different costs, pricing, and mark-up values in different screens throughout the Softrip application.  In the Product application, there are two ways in which users can add a markup value.  

  • Cost Summary

  • Pricing Profile  

Theses screens are available in the Product application and can be viewed once a user selects "manage product" on any product that exists.  

 

 

 

The Pricing Profiles part of the Product system that gives user the ability to Mark up the service prices for the specific product overall. Please note that this is a required item as the Pricing Engine for the Product and Reservation system relies on the details entered in here to update costing and pricing of the services used in the Product.

There are variation of fields that allows the user to be able to handle different cases when marking up the prices for the services in the product. These values will display in the Departure Dates & Prices screen.

Example: For the Product Code: PHL-CITY-PACKAGE-19, the user has the capability to create a Pricing Profile with different Mark Ups for different service types and or between different book dates as per image below. The system will prevent the user from creating conflicting Pricing Profiles by prompting the user the Profile already exists. When the user goes through the Calc Land Prices process, the system would rely on the inputs in Pricing Profiles. Please see Calc Land Pricess section of the manual for this process.

 

Defining the Fields

Brands

Companies have the ability to set up multiple brands under one company. The idea of having another brand is to be able to support multiple pricing structures within the same product.

Example

One company may have a certain mark-up for their product line. Let's say it is a 15% mark-up. This product line is sold to every day customers. Let's say that the same company wants to sell the same product line, but they only want to sell it at a 5% mark-up. This product line is sold to Elite Customers, possibly holding platinum credit cards. In this situation, two brands would be set-up to support this selling strategy.  In the Pricing Profiles setup the user can create multiple Pricing profiles with different Brands, which will enable the product to be offered at different price points.

Sell Methods

This is a way to control which path the product is sold from. For example: A company can have 2 sell methods CallCenter and WEB. The user can incentives a lower Markup for customers making reservations from WEB in order to release pressure from the Call Center to to cut overhead.

Masks

Represents a guest configuration for this Pricing profile. In its basic form A: Adult; C: Child; C1-12: Child between 1 and 12 years old (inclusive). Masks in general is a variaton of the services or products offered in a per person level. The user can create a Procing 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. The user can also apply multiple Masks by entering in slash-delimited. (Ex: A/AA/AAA)

Markup

This is the markup to apply to the prices.

Example 

<100: 1.5<200: 1.3<D: 1.1RU9

In this example, if the cost is less than $100, the markup will be 1.5; If the cost is less than $200, but not less than $100, the markup will be 1.3; If the cost is not less than $200, the markup will be 1.1 ("D" is for Default). The "RU9" at the end is for the rounding rules. This example will Round Up to the Nearest 9. The available codes for the rounding rules are "U" (Round Up), "D" (Round Down), "N" (Round to the Nearest Number). By adding a number to the end, it will then round to that nearest number.

If you only want a Default markup no matter what the cost is, just 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, just add to the end of your markup rule /RACK and then the markup.

Example

1.24/RACK1.1. This example will make the default markup be 1.24 but when a service has a Rack rate on it, it will use 1.1 as the markup for that service. To always make the price be 0, enter "NONE" as the markup. To say that a specific Sell Method cannot be used for this service, enter N/A here.

 

GST on Commission 

The GST on Commission that applies to this Product Code and Service Type.

Max Comm (Max Commission)

This is a way to control the commission being paid out for certain service types specific to this product.

 

 

Mark Up Tax

Define whether or not the mark up value should be applied to taxes.

GST Percentage

The GST Percent to apply to this Product Code and Service Type.

Currency

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

Supplier ID

The SupplierID that applies for this Markup. This supports a wildcard of "". For example, if you enter US-, the markup will be applicable to all Suppliers that start with "US-"

Service ID 

The ServiceID that applies for this Markup. This supports a wildcard of "". For example, if you enter US-, the markup will be applicable to all Services whose ServiceID start with "US-"

Free Code

In case the Product being offered is free for childrent that are 12-13 years old, this input box can be used. In this example, the user can enter in C12-13 so when the Product is being booked, and if one of the passengers is 12 or 13 years old, they would get a free accomodation.

Gateway

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

 

Book Dates

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

Departure Dates

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