Release Notes - October 16, 2024

We’re excited to share that starting Monday, October 21, 2024, Revintel’s currency exchange process is getting a refresh for more accurate, real-time rates! With the power of the Xignite currency exchange API, Revintel will now align with other Cendyn products like Cendyn CRM. Say goodbye to the old monthly updates—exchange rates will now refresh daily during each hotel’s overnight processing.

This update means more timely and reliable currency info, helping you nail those revenue reports with up-to-the-minute accuracy. Plus, with support for over 140 currencies, Revintel is now more versatile and globally responsive than ever.

Impact on Revintel Reports

With the updated currency exchange process, you’ll see some changes in both Revintel and Revintel Compose reports. Here’s a quick look at how these reports will handle currency values going forward:

Example:

• Booking Date: 10/08/2024
• Reservation Amount: $100
• Exchange Rate (10/08/2024): 1 USD = 3.67 AED
• Stay Date: 03/01/2025 - 03/02/2025

Revintel Compose Behavior

• During the booking period, Compose will display the amount as 367 AED, based on the 10/08/2024 rate.
• Upon check-out, Compose will update to reflect the actual rate on the stay date. For instance, if the exchange rate on 03/02/2025 is 1 USD = 3.69 AED, Compose will show 369 AED.
• Compose also allows users to choose between stay-date or booking-date conversions for future revenue figures, adding flexibility to financial reporting.

Revintel Behavior

• Revintel calculates currency values based on the stay date. It will reflect 367 AED as of the 10/08/2024 rate but will automatically adjust for any rate changes before the stay date, ensuring accurate reporting.
• After check-out, Revintel and Compose figures will align to provide consistency.

Questions?

If you have any questions or need further assistance, please submit a support request or reach out to your Cendyn representative.