Streamlining the Revenue Accounting Function with a Smarter, Fully Integrated MonaLisa Suite for a Leading German Airline
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Business Challenge
The client wanted to improve their top-line and bottom line by controlling revenue accounting and regulatory compliance by minimizing revenue leakages and improving collections. They needed a system to streamline revenue accounting functions and implement a highly effective solution.
Coforge Solution
MonaLisa, Coforge’s Airline solution suite provides comprehensive solutions catering to various client needs, including:
- Passenger Revenue Accounting (PRA)
- SIS
- ACH
- Fare Audit
- Route Profit Analyzer (RPA)
- Miscellaneous Billing
- New Distribution Capability (NDC)
The solution was implemented in a 6-month timeframe and integrated with the client reservation and departure control systems
Results
- 60% Productivity improvement for the Revenue accounting team.
- Ensured regulatory compliance through information transparency.
- Reduction of Revenue leakage by US$ 2.25 Mn Annually.
- Realtime Interface with ARC leading to on-time & enhanced collections
Key Highlights
Delivered a comprehensive and robust solution that caters to the multifaceted challenges of today's airlines. Our approach not only streamlines operations but also boosts profitability, employee productivity, and regulatory compliance, truly embodying a smarter, fully integrated solution for the industry.