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INTEGRATIONS: REVENUE MANAGEMENT
Veritec Solutions
Veritec Solutions is a leading Revenue Management provider in self-storage. Veritec’s cloud-based software system, VRMS, provides patented state-of-the-art pricing technology and a facilitated discipline that helps self-storage operators achieve significantly greater revenues and profits. In addition, VRMS enables operators to easily measure the financial impacts of their decisions so they can develop new strategies for generating even greater revenues and profits. VRMS includes starting rate guidance for new move-ins, rent increase guidance for existing customers, and the well-regarded, patented Good, Better, Best pricing for differentiating rates of units within the same unit group, unlike any other software. VRMS tightly integrates with Storeganise for a seamless user experience.
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How Veritec Solutions works with Storeganise
Storeganise users can now seamlessly tap into the full power of VRMS. Hidden behind the scenes, relevant pricing, occupancy, and other data flow automatically between Storeganise and VRMS each day. Users work in VRMS to receive, analyze, and decide on revenue-enhancing pricing recommendations. Those smarter VRMS-guided pricing decisions are then uploaded back into Storeganise to be processed. Intuitive, Efficient, and Effective pricing!
What sets Veritec Solutions apart
- Written by Dr. Warren Lieberman
"You want the best results possible from the software you rely on. And you expect Veritec staff to do whatever is necessary to ensure smooth operations. VRMS has a strong track record of delivering measurable results and self-storage operators consistently praise our attention to customer service. Self-storage operators using VRMS typically see revenue growth in the range of 9% to 14%—and in some cases, even higher. Our patented Dynamic Good, Better, Best Pricing module alone can increase revenue by 4% to 10%. Combined with Storeganise’s ability to automate bookings and tenant communications, this integration gives operators a powerful one-two punch: smarter pricing decisions and streamlined storage facility management.
At Veritec Solutions, we’re always looking for ways to help self-storage operators grow revenue while making their day-to-day operations simpler and more efficient. That’s why we are excited to share our new integration with Storeganise and enable more and more companies around the world to benefit from what we offer."
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FAQs
How does Veritec Solutions VRMS work with Storeganise?
You manage price monitoring, analysis, review, and price setting as needed in VRMS. Pricing decisions automatically sync to Storeganise. Key inventory and demand data in Storeganise, combined with Veritec’s proprietary ability to obtain the web pricing of your competitors, also flow back into VRMS. This enables the VRMS algorithms to provide pricing and rent increase recommendations, the reasons for which are easily understood.
I have run my business successfully for years. Why would I need VRMS integration now?
Because you want to achieve even greater financial success than you do now. Because you want to invest in software where the Return on Investment (ROI) can be measured in months, rather than years. Because the VRMS/Storeganise integration leverages your expertise, reduces hidden biases, and improves pricing decisions with data-driven analytics.
My occupancy is always high. Why would I need the VRMS integration?
Because you may be pricing your units too low. The VRMS integration helps you raise rates strategically while keeping occupancy healthy, so you don’t leave money on the table.
I manage multiple locations, and I struggle getting a sense of competitor pricing. How does VRMS integration help?
The VRMS integration conveniently shows competitor locations, web pricing, your own data, and historical trends—all in one place at your fingertips. This gives you a clear, accurate view of the market so you can respond to or even lead competitors. (Note: competitor pricing is just one part of an effective pricing strategy.)
Why is Good, Better, Best Pricing important?
Veritec Solutions has been driving dynamic and automated Good, Better, Best Pricing in self-storage long before it became an industry trend. Our methods are so innovative, we were awarded a patent for our techniques. Done right, it expands pricing range and flexibility to existing strategies. Even better, our patented Dynamic Good, Better, Best Pricing module recalibrates daily and reassigns units to multi-tier pricing as long as there is more than one same-type unit available, unlocking unparalleled revenue-boosting opportunities. Don’t settle for anything less than the best!Yes, the Add-on supports real-time synchronization of customer and unit data, ensuring immediate application of access permissions upon rental changes.
Is the Add-on suitable for both small and large self-storage operators?
The integration is primarily designed for multi-facility self-storage operators.
Are there additional costs associated with using the Add-on?
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Where does Veritec Solutions operate?
Primarily across Europe, Americas, and Asia
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