Unlike other pricing solutions that require days for manual keying of inputs, Qcue solutions enable changing of thousands of prices in matter of minutes. Its products are powered by sophisticated algorithms that can analyze sales data and other external information to generate real-time sales forecasts. Upon the user’s approval, changes in prices are automatically embedded into ticketing outlets to effect the price change at the sales points and other channels.
Qcue is composed of management personnel that possess passion for innovation and an extensive experience in technology, entertainment and economics. Since its founding in 2007, Qcue has pioneered the supply of dynamic pricing solutions that set the pace and transformed the way stakeholders price and sell tickets.
For its contribution in the 30% incremental increase in the revenues of sports teams, Fast Company named Qcue as the third most innovative companies in the field of sports this year, its solutions have helped maximize ticket sales through right pricing. To date, Qcue’s software has implemented over 1.6 million price changes that resulted to millions of dollars in increase of revenues.
In the four major sports league in the USA alone, Qcue handles the ticket pricing and selling of 40 franchises, giving the company the most dynamic pricing clients in the industry. According to Qcue CEO Barry Kahn, teams can sell tickets and increase revenues but oftentimes ignore better pricing and lose the opportunity for larger increases. Pricing strategies should be guided by clear objectives and powered by fluidity in price changes in order to reclaim millions of dollars in revenues. Qcue can integrate existing ticketing systems in order to reduce operational burdens through direct communication of price changes to all sales points.