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George Mason Uses RevenueVision® to Profitably Grow Retail Dining Revenue by $5 Million

BACKGROUND

George Mason University was The Solution Design Group’s very first RevenueVision® partner.  When first introduced to RevenueVision®, the Auxiliaries team at Mason recognized the platform’s potential to offer the data insight they needed to build auxiliaries infrastructure and services with a strong focus on revenue growth and profitability.   During a 5-year partnership, RevenueVision has supported the financial performance of Mason’s Auxiliary Enterprises in numerous ways.

CHALLENGES

  • Increase revenues in all areas of Auxiliary Enterprises to help offset student fees
  • Determine the best investments in new and remodeled branded retail locations
  • Reduce staff time related to contract administration and audits

RESULTS

  • Used the RevenueVision® business intelligence tools to track and trend granular metrics such as sales by tender by hour by location to determine and validate best capital investments to support a profitable $5 million growth in retail dining revenue since 2015.
  • Used RevenueVision® to determine which beverage vending machines were over/under performing in which locations, to drive  demand for card readers and re-positioning/upgrading units, resulting in a $30,000 increase in annual vending revenue.
  • By allowing the auditors direct access to contracts and data in the RevenueVision® repository, Mason decreased the staff time spend supporting the audit process from 350 person hours to just one hour.

To read the complete success story, download the PDF below. 

The Solution Design Group, Inc.
Orlando, FL - Warrenton, VA

Tel: (407) 382-1959
Fax: (407) 382-3959
Email:info@TheSolutionDesigngroup.com

   

   

Problem Solved. 

 

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The Solution Design Group, Inc.