Comet, Mercator's outstation accounting solution, helps your airline transform the relationship between head office and the outstations spread across its network. It smoothes the way towards achieving effective financial management and accounting regardless of location. Whether at your head office or at your farthest flung outpost, you will be guaranteed reliable and uniform financial operations. You will be able to give your outstation the responsibility and freedom to operate individually, whilst enforcing strict controls to ensure the highest quality financial accounting and reporting.
|
| |
| | | Business Benefits | | Flows of financial data between head office and all points across the airline network are enhanced | | Management is given a fast, accurate and complete picture of how all parts of the organisation are performing | | Boosts productivity and efficiency, avoiding duplication of work at head office and at the outstation | | Maintains effective audit and control from head office at all times | | Reduces accounting costs | | Manages the diverse country-specific needs of airline outstations, regardless of location | | Improves corporate image across the airline network | | Ensures a 'single view' of all station data |
| | | Key Features | | Comet comprises a suite of modules, which fully covers the full range of operations found at an outstation: | | | Stock Module: | Control of the entire stock life cycle | | Control of receipting, distribution and consumption of stock | | Control of automated ticket stock (ATB2) | | Document blacklisting | | Stock utilisation for E-tickets
|
| | | Sales/Refunds Module: | Multiple forms of settlement are supported | | Recording and monitoring of passenger and cargo sales | | Flexibility for summary or detail level capture of sales | | Interface to airline reservations and ticketing systems | | Credit card billing | | Billing and Settlement Plan (BSP) and Cargo Accounts Settlement System (CASS) reporting | | Cargo import arrival and release | | Revenue adjustments |
| | | Accounts Receivable Module | Flexible customer definition | | Online and off-line allocations | | Ageing reports with user-definable parameters | | Provision for customer invoice, debit note and credit note printing | | Flexible customer outstanding tracking reports with user-specific parameters | | Under collection module |
| | | Accounts Payable Module | Automatic accrual of expense provision for bills pending approval | | Automatic payment generation based on due dates | | Comprehensive coverage of prepayments | | VAT handling and Central Bank reporting requirements for South Asia | | Tax Deduction at Source (TDS) payment | | Cheque stock maintenance | | Automated cheque/covering note printing as per format required |
| | | Banking Module | Automated bank slip generation | | Upload of bank statements for reconciliation | | Automated reconciliation between book and bank | | Manual exception resolution | | Exception reports facilitate cash flow management |
| | | General Ledger Module | User-definable financial periods | | Facility to keep multiple periods open | | Flexible daybook | | Provisional closing | | Comprehensive petty cash handling | | Tight system controls around financial month closing | | Allocation facility | | Budget vs. actual variance reporting |
| Management Information Systems - Head Office Module | Monitoring of station data at head office | | Easy incorporation of station data into corporate financial systems | | Station audit possible at head office |
|
|
|
|
