Revenue Management System

The objective is to procure a Revenue Management SaaS -product (hereafter referred to in all procurement documentation as “RMS”) for VR-Group Ltd (hereafter referred to “VR”). The RMS shall be as flawless and cost-effective as possible, provided in a professional and timely manner and support VR in meeting its strategic growth targets.

The goal for VR Passenger Service is to continuously increase rail travel market share during the next years and decades. In order to reach this goal VR is procuring a revenue management system. Revenue management system forecasts customer demand and customer behaviour by using significant masses of data. With the help of revenue management optimization algorithms, it is possible to price train tickets dynamically for different origin-destination combinations and travel times. In VR’s long-distance rail network, there are tens of thousands of journey alternatives for the customers and in order to be able to target the optimal price for each and every travel alternative and travel time, there is a need for revenue management system’s computing power. It is typical for rail travel that bookings are done relatively late in relation to train departure time. Therefore, it is vital that the revenue management system computing power is best-in-class technology and enables re-optimization prior the train departure in almost real-time. For VR Passenger Service future, the development of revenue management and pricing is a key success factor in the revival from the challenging economic situation after Covid-19. The objective is to procure a Revenue Management SaaS -product (hereafter referred to in all procurement documentation as “RMS”) for VR-Group Ltd (hereafter referred to “VR”). The RMS shall be as flawless and cost-effective as possible, provided in a professional and timely manner and support VR in meeting its strategic growth targets. RMS procurement for VR Passenger Services: Revenue Management SaaS -product is ready-built, proven and automated and includes at least an intuitive graphical user interface, forecasting and optimization, and it could be used off-the shelf to this extent (non-customized software). Please see the Annex 1 "Description of procurement" for a more detailed description. Requirements for the system are described in the Annex 2 "Requirements".