A Global Leader in Self-Storage Revenue Management Solutions
THE LATEST
Prorize & Highline Storage Partners Celebrate One Year Partnership: Revenue Management Fuels Property Management Firm’s Revenue Growth. Read more
PRORIZE SELF STORAGE REVENUE OPTIMIZER
Companies use Prorize’s Self Storage Revenue Optimizer™ (SSRO™) worldwide to increase revenue and improve the bottom line. SSRO analyzes hundreds of combinations of parameters (e.g., price, promotion, unit type, unit size, customer segment, competition, season, and other market conditions) to forecast demand and accurately predict the price a customer is willing to pay for each self storage unit. And while it may be pennies on the dollar, it’s the cumulative incremental revenue gained that adds up to an average lift of 10% or more over the industry average.
SSRO BENEFITS
Maximize revenue per unit
SSRO maximizes revenue from your operations, resulting in increased valuation of your assets year over year.
Predict customer behavior
With the accumulation of accurate data over time, SSRO uncovers patterns in customer behavior, effectively segments customers, and makes intelligent pricing decisions.
Reduce human intervention & pricing errors
SSRO removes the risk of human emotion by relying on the data to predict and make intelligent price or promotion decisions.
Fewer resources dedicated to better results
SSRO reduces the time self-storage operators spend on administrative tasks – pulling data and organizing reports – and increases efficiencies.
OUR CLIENTS
HEAR FROM OUR CLIENTS
One highlight of working with Prorize was that they are never content with one ‘aha’ moment; to them, it’s just another milestone, and then we move on to the next test as the improvement cycle continues. Prorize is constantly looking to evolve, learn from every customer and then combine that knowledge to make the product better.
- TODD MANGANARO | CEO OF EZSTORAGE
When we chose Prorize, we knew we were getting first-class enterprise pricing software, but what we didn’t expect was the PhD-level industry expertise that the Prorize team brought to the engagement. The people behind the product have been a difference-maker for us.
- RUNE PETERSEN | CHIEF COMMERCIAL AND INVESTMENT OFFICER | PELICAN SELF STORAGE
We have an aggressive growth strategy at National Storage. As you buy or build more centres, you tend to cannibalize your existing centres. To have a system that intuitively understands this was a big factor in choosing Prorize.
- BRIAN MENKE | HEAD OF REVENUE GENERATION AT NATIONAL STORAGE
CASE STUDY
Safeguard Produces Science-based Prices in a Fraction of the Time with Prorize
Safeguard Self Storage realized they were spending too much time and depending too much on people’s intuition to make pricing decisions. Read how after attempting to build their own solution, Safeguard chose Prorize’s SSRO™ and as a result, reduced the number of field overrides and decreased human dependency on pricing decisions.
NEWS & INSIGHTS
Three Ways to Evaluate Raising Existing Customer Rates
If there is one industry that has withstood, even excelled under pandemic conditions, it’s self-storage.
National Storage Adapts Industry Leading AI Pricing Software
National Storage recently announced the successful deployment of a new revenue management system at all of its 190+ locations.
The End of Bargaining
Dataism, the emerging philosophy created by the rise of big data, is changing the world at a dizzying pace.
REQUEST A FREE PRICING ASSESSMENT
Schedule 45 minutes today with the Prorize team to better understand the health
of your pricing process and opportunities to generate incremental revenue.