Siebel Hospitality Guide > Setting Up Pricing and Property Pricing >

Setting Up a Matrix Series

Using a matrix series, administrators can tailor processes and discounts to specific customer and market segments. They allow for the creation and management of prices and discounts for products in conjunction with customer and market factors.

Discount matrices are recommended as the best practice for discounts where there are a high volume of prices and adjustments, the discount criteria used for the adjustment are known well ahead of time, and do not change frequently.

In Siebel Hospitality, discount matrices may be associated with accounts and market segments. For more information about discount matrices, see Pricing Administration Guide.

This task is a step in Process of Setting Up Pricing and Property Pricing.

To set up a matrix series, you must do the following:

• Creating a Matrix Series
• Do one of the following as required:
  • Defining an Account Matrix Discount
  • Defining a Segment Matrix Discount
• Updating All Adjustment Amounts of a Series Record