Product Update: Enhanced Forecasting & Budgeting Comes to ScoreBoard

September 20, 2022 | Sabrina Jackson, Senior Director of Product Management, Duetto

Our user-focused product development continues, as we roll out new capabilities in forecasting and budgeting in our latest update to ScoreBoard, our revenue intelligence application.

The new Forecast & Budget Builder within Duetto ScoreBoard enables revenue managers, finance, and operations teams to generate forecasts and budgets more quickly and accurately, whether by property, brand, or at a corporate level for all of your revenue streams.

First  announced in June 2022, the product team has been working with customers in beta to fine-tune these enhancements, all of which are now available to all Duetto customers using the ScoreBoard application.

What is the new forecast and budget builder experience?

The new Forecast & Budget Builder within Duetto ScoreBoard makes planning even easier for the months and years ahead.

There are four key innovations:

  • New intelligent pre-fills such as Grand Total enable revenue teams to start with the end goal in mind and automatically smart-spread forecasts down to each month, day, and segment.
  • Templates and easy import/export capabilities to back-office systems help streamline workflow.
  • New Summary views offer enhanced smart-spreading to dynamically recalibrate projections starting from a Month or Day total.
  • Customized views help teams highlight the most important KPIs and identify specific segments to focus on key revenue streams.

Beta customers review new features

The new Forecast & Budget Builder capabilities have been tested by hotel revenue teams from around the world. Here’s what two beta clients, NH Hotel Group and citizenM, had to say about their experience working with the new features:

“The new functionality allows me to see the business changes right now and to select which order is most important. I use the customizable setup to see the system forecast right in front of my forecast so I can compare it and see where we have differences now.” Juliane Ziesmer, CRM, NH Hotel Group 

“Thanks to forecasting on the segment level we get to a much more accurate ADR forecast. Having a forecasted business mix is nice because I prefer to do forecasts based on the mix and not on the actual numbers.” Christine Jackson, Manager Demand, Europe, citizenM.

Log in and get using

Duetto ScoreBoard offers an integrated forecasting and budgeting solution built on advanced mathematical principles and predictive analytics to bridge the gap between operations planning and commercial strategy.

The application forms part of our cloud-native revenue strategy platform. Because our technology is built in the cloud using Amazon Web Services (AWS), new updates become automatically available to all users. They simply log on and start using. There are also easy-to-access features and video tutorials in the app to help them get maximizing revenue with these new features quickly.

Want to learn more about our new Forecast and Budget builder; click here to book a demo.

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