Developed by industry leaders and born out of demand revealed through subsidiary Carats & Cake, ROH has 10 years of experience with best-in-class companies including Westin, Lowes, Marriott, Crescent, Auberge, Noble House and other selections Based on trust above.Service hotels and luxury properties
New York, February 1, 2023–(BUSINESS WIRE)–Carats & Cake today announced the launch of ROH, the first dedicated revenue optimization platform for hospitality groups. Developed by industry experts, ROH’s software solutions drive increased revenues, expanded margins and operational efficiencies for the largest property owners, hotel groups and real estate operators. Additionally, the platform provides industry-leading visibility across the organization and multiple assets. Sales and finance teams can take advantage of intuitive real-time dashboards to manage contracts, billing, payments, and more. Data accessible through ROH enables the world’s leading hospitality brands to take informed actions that have a real impact on their bottom line.
“What we have learned over the last decade working with thousands of the most innovative properties is that there is a huge opportunity to provide them with standardization and transparency. “Many properties are actually run by incredible groups.” It’s creating a need, and meeting the needs of the hospitality industry is fundamentally a bigger business for us and justifies a central role,” said Jess. Conroy, Founder and CEO of ROH. “ROH’s end-to-end revenue optimization platform will help property owners and property operators who seek efficiencies across marketing, sales, and finances as well as access to real-time intelligence to rapidly improve conversion rates. We are now able to serve our needs, and we are grateful for the brand we have built with Carats & Cake, attracting a strong audience of 100 million as a marketing channel for companies serving the entire event industry. continue.”
Concurrent with ROH’s announcement, the company will expand its multi-team platform offering to include new finance-specific dashboards that provide real-time reconciliation capabilities to finance team members for the first time. Finance team member sees invoice status details in one place, including whether invoices have been opened, due dates, paid or unpaid details, and analysis of invoices at unique risk can. In addition, ROH’s platform provides details on refunds and disputes issues and manages rare issues.These real-time analytics enable finance to identify potential issues and collaborate with sales teams Before They occur as opposed to starting a manual process of going back to the end of each month to assess issues and work with sales to track payments.
The ROH Revenue Optimization Platform has rich features such as:
Initial rollouts of the ROH Revenue Optimization Platform have already yielded impressive results.
“1Sharpe Ventures has invested in Jess and her team, who have expertise in identifying and solving world-class real estate pain points using industry-specific digital solutions. Successful adoption across the board has allowed the team to expand beyond the events market.” Gregor Watson, co-founder of 1Sharpe Ventures. “Jess’ latest project, ROH, aims to tackle a huge opportunity in the hospitality industry. I am pleased to
ROH supports the future of hospitality. As a rapidly evolving proptech company, ROH’s purpose-built revenue optimization platform accelerates conversions and increases revenue for the largest property owners, hotel groups and property operators with over $500 billion in annual revenue. enable true collaboration. Developed by an industry leader and born out of demand revealed through its subsidiary Carats & Cake, ROH builds on his decade-long trusted relationships with best-in-class companies such as The Westin, Lowe’s, Marriott, Crescent, Auberge and Noblehouse. I have built. 1 Backed by Sharpe Ventures, Founders Fund, Acrew Capital, Moore Specialty Credit, Correlation Ventures, SilverCircle, GMO VenturePartners, and others, ROH’s financial operating system enables leading players in the hospitality industry to optimize their distribution operations and create powerful Drive customer experience and increase revenue.
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