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www.airline.niit-tech.com Industry Overview Multiple revenue streams, non-integrated online and offline sales channels, interline agreements, differential pricing mechanism, error-prone manual revenue accounting processes, complex taxation rules, greater regulatory scrutiny, and other similar challenges has increased the complexities of the global airline transportation business. The situation calls for a solution that can provide the airline company greater control over its finances, streamline and automate accounting processes, improve accuracy and minimize revenue leakage. NIIT Technologies has developed an integrated revenue accounting solution package which combines a proven revenue accounting product and revenue accounting bureau services. We have an enviable track record, backed by Six Sigma-based process maturity and rigor, in managing the revenue accounting needs of various airlines. At its core, the offering combines deep domain expertise and innovative use of technology to help airlines Integrated Revenue Accounting Solution for Increased Bottom-line Benefits Accurate revenue identification Reduced Employee Training, Retention and Turnover Issue Increased productivity and revenues Minimize revenue leakage Streamlined processes Integrated Revenue Accounting Solution NIIT Technologies’ Integrated Revenue Accounting Solution (IRASA) empowers airlines companies with a feature rich, business analytics driven engine that increases efficiencies through accurate and timely revenue accounting. We provide our clients flexibility in terms of how IRASA can be leveraged. You can secure the platform or get experts to work on your product, or utilize the solution through a hosted service, or even leverage all the benefits together. Our flexible engagement model is based on the “Passenger flown” so its associated cost is proportionate to the number of passenger boarded. Other business models can be explored based on specific requirements. Our Expert’s Services Hosting Our Expert’s Services Integrated Revenue Accounting Solution Travel, Transportation, and Logistics
Transcript of Integrated Revenue Accounting Solution for Increased ... Revenue Accounting.pdfminimize revenue...
www.airline.niit-tech.com
Industry Overview
Multiple revenue streams, non-integrated online and offline
sales channels, interline agreements, differential pricing
mechanism, error-prone manual revenue accounting
processes, complex taxation rules, greater regulatory
scrutiny, and other similar challenges has increased the
complexities of the global airline transportation business.
The situation calls for a solution that can provide the airline
company greater control over its finances, streamline and
automate accounting processes, improve accuracy and
minimize revenue leakage.
NIIT Technologies has developed an integrated revenue
accounting solution package which combines a proven
revenue accounting product and revenue accounting
bureau services. We have an enviable track record, backed
by Six Sigma-based process maturity and rigor, in
managing the revenue accounting needs of various
airlines. At its core, the offering combines deep domain
expertise and innovative use of technology to help airlines
Integrated Revenue Accounting Solutionfor Increased Bottom-line Benefits
Accurate revenue identification
Reduced Employee Training, Retention and Turnover IssueIncreased productivity and revenues
Minimize revenue leakage
Streamlined processes
Integrated Revenue Accounting SolutionNIIT Technologies’ Integrated Revenue Accounting Solution
(IRASA) empowers airlines companies with a feature rich, business
analytics driven engine that increases efficiencies through accurate
and timely revenue accounting.
We provide our clients flexibility in terms of how IRASA can be
leveraged. You can secure the platform or get experts to work on
your product, or utilize the solution through a hosted service, or
even leverage all the benefits together.
Our flexible engagement model is based on the “Passenger flown”
so its associated cost is proportionate to the number of passenger
boarded. Other business models can be explored based on
specific requirements.
Our Expert’sServices
HostingOur Expert’sServices
Integrated Revenue Accounting Solution
Travel, Transportation, and Logistics
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• Modular and Scalable Solution that can grow as Airlines
expand operations
• Simple, Easy-to-Use System with comprehensive Revenue
Accounting functionalities
• NIIT Technologies’ close collaboration with IATA for future RA
practices Hassle free and Timely Updates/Upgrades
• Competent professional team of knowledgeable experts
responding to client requests and requirements on time
• Consultancy Services.
NIIT Technologies is a global sourcing organisation, providing
services to customers in Asia, North America, Europe and
Australia. Our focus on select industry verticals in Travel,
Transportation and Logistics, Banking, Financial Services and
Insurance, and Manufacturing and Distribution has helped us
create differentiation through specialization.
NIIT Technologies has gained extensive competence and
experience in the TTL business by working with leading
airlines, airports, travel distribution and logistics companies.
Our technology expertise and business understanding ensure
efficient, scalable, secure and robust solutions that are tailored
to the needs of our clients.
NIIT Technologies Limited was Ranked #1 in the Travel Sector
by the Black Book of Outsourcing thrice in a row in 2008,
2009 and 2010.
Features
NIIT Technologies' Advantage
The Integrated Revenue Account Solution includes:
Monalisa: A comprehensive proprietary product for
passenger revenue accounting with the relevant business
functionality for the industry.
Expert Services: Offered through a dedicated pool of airline
industry experts, this service can be leveraged for doing whole
as well as parts of Revenue Accounting Bureau Services,
independent of the platform in use.
Hosting: NIIT Technologies’ hosting services eliminates
upfront infrastructure costs and provide the business
functionality for use.
RATD Service: Loading and updation of worldwide taxes.
NIIT Technologies’ Revenue Accounting product supports
Sales Data Management & Processing, Fare, Sales, Interline,
RBD, Commission, Tax and Refund Audit, Flown Document
Handling and Processing, Interline Billing, Sales Based and
Fully Automated Proration, Clearance and Reconciliation,
Sampling and Rejection Handling among others.
Business BenefitsNIIT Technologies’ IRASA offers the following benefits by
providing a sharper focus on the core business:
• Cash Flow Improvements through unrealized revenue
• Minimizes Revenue Leakage
• Reduced Turnaround Time
• Greater ROI and Risk Reduction: Driven by depth of experience
• Assured Regulatory Compliance through Information
Transparency
• Enhanced Bottom-line through Billing Accuracy Measures.
Europe SingaporeIndia Americas
Partner with NIIT Technologies to align your IT goals with your business objectives
Write to us at [email protected] www.niit-tech.com
NIIT Technologies Ltd.Corporate Heights (Tapasya)Plot No. 5, EFGH, Sector 126Noida-Greater Noida ExpresswayNoida – 201301, U.P., IndiaPh: + 91 120 7119100Fax: + 91 120 7119150
NIIT Technologies Inc.,1050 Crown Pointe Parkway5th Floor, Atlanta, GA 30338, USAPh: +1 770 551 9494Toll Free: +1 888 454 NIITFax: +1 770 551 9229
NIIT Technologies Limited2nd Floor, 47 Mark LaneLondon - EC3R 7QQ, U.K.Ph: +44 20 70020700Fax: +44 20 70020701
NIIT Technologies Pte. Limited31 Kaki Bukit Road 3#05-13 TechlinkSingapore 417818Ph: +65 68488300Fax: +65 68488322
For all specialized airline projects, contact NIIT Airline Technologies GmbH. Schlossweg 14, Reichenswand, Germany, 91244. +49 915190770
A leading IT solutions organization | 21 locations and 16 countries | 8000 professionals | Level 5 of SEI-CMMi, ver1.2 ISO 27001 certified | Level 5 of People CMM Framework
