Prorize was founded in 2006 to help companies recognize patterns from data and dynamically generate revenue-maximizing prices. Since then, Prorize has assisted companies across multiple industries achieve record-breaking results.
Revenue Management (RM) helps business owners take the guesswork out of pricing. It uses advanced data-driven algorithms to consistently find the optimum price for a product under multiple market conditions.
The agreement allows Prorize to work directly with Self Storage Manager’s customers by linking its award-winning SSRO™ software with the Self Storage Manager property management software.
Prorize and ezStorage today announced the successful deployment of Prorize’s Pricing AI Platform for all 51 ezStorage locations. Since 2018, the new data-driven pricing model has improved ezStorage’s pricing process.
Self-storage operators face many challenges to ensure profitability, and no process is more foundational than the method an operator uses to make pricing decisions.
Given today’s highly competitive self-storage market, is there any concept more important to operators than having the right rent for the right unit type at the right time?
The increasing use of RM systems has enabled the multifamily housing and self-storage industries to completely eliminate bargaining. Manual pricing processes are also removed or minimized.
At Prorize, we are fascinated by the complexity and the many dimensions of pricing. We know there is one right price and many wrong prices. Winning the 2017 Franz Edelman Award validates our team’s devotion to putting our customers’ success first.
Holiday Retirement, the largest private owner & operator of independent senior living communities in the U.S., partnered with Prorize to analyze, develop & implement the first RM system for the senior living industry.
This new agreement allows properties managed by The Jenkins Organization to benefit from automated, data-driven, and efficient pricing systems that maximize both revenue and occupancy.
“The SSRO platform is a game-changer for our industry because of its ability to forecast demand and set prices. The system was easy to integrate and adapt to our existing processes and systems.”
