Passenger Revenue Accounting
Immediate financial and statistical results in an online and real-time environment
In today's mixed airline environments, marked by constant change and aggressive competition, the integration of revenue accounting is essential. You need a revenue monitoring system that monitors all sales – online, interline, receivable, payable, exchange and refund functions.
Passenger Revenue Accounting is the fully integrated, end-to-end revenue accounting system developed exclusively for the airline industry.
Overview
Available as a hosted or licensed solution, Passenger Revenue Accounting generally pays for itself within one to three years, is available worldwide and provides online, real-time results.
Passenger Revenue Accounting:
- Can interface with most major airline reservation systems
- Is fully compatible with BSP, ARC and IDEC
- Follows generally accepted accounting principles (GAAP)
- Uses IATA regulatory requirements as a benchmark
Benefits
Generally Passenger Revenue Accounting provides the following benefits.
- Reduced human errors
- Increased control throughout your revenue cycle
Features
Passenger Revenue Accounting provides the functionality you need to enhance and control your full revenue cycle.
Functional highlights include:
- Complete system security
- Real-time data on operational and financial performance
- Capture of data from all sources – sales record, ticket control number (TCN) record, first coupon information
- Complete control of the air traffic liability account and of the flown not reported account
- Automatic auditing of fare, tax and commission discrepancies
- Automatic issuance of debit and credit memos and detection of over-billings
- Automatic monitoring of ticket stock inventories
- Ability to interface with most major airline reservation systems
- Automated proration to IATA standards, facilitating interline agreements
- A multiple country, currency and tax-handling capability
- Open architecture assures a seamless integration into your current computer network system
- Information tools to make informed decisions
- Online, real-time results
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