RAPID Passenger is a complete, end-to-end solution for passenger revenue accounting. Packed with powerful functionality, it is designed to give you the clearest view of how your business is performing.
The solution transforms the jumble of data found on every one of your passenger coupons into a single stream of valuable financial and management information. RAPID Passenger lays down a firm foundation from which you can make informed strategic decisions, build your business and boost competitive advantage.
It is designed to handle the largest volumes of coupons that are generated by the world's major carriers, and guarantees the protection and enhancement of your bottom line. Processes are streamlined, costs slashed and efficiency lifted to new levels.
RAPID Passenger's modules work seamlessly together to cover the full range of passenger revenue accounting activity. And what's more, it can be easily integrated with RAPID Cargo for a complete overview of all your operations, generating even greater benefits.
|Enhances your competitive advantage through tried and tested, yet highly innovative revenue accounting processes|
|Delivers powerful management information enabling effective tactical and strategic reaction, through the timely and complete analysis of all aspects of passenger revenue|
|Improves cash flow by identifying money due to your airline in the fastest possible time|
|Increases your profits through the swift and accurate determination of revenue earned|
|Protects your bottom line by accurately billing other airlines in the shortest timeframes|
|Cuts revenue accounting and reporting cycle time|
|Slashes the unit cost of revenue accounting and keeps a lid on overheads|
|Boosts productivity through refined and streamlined processes|
|Ensures that your future needs are met through the use of flexible technology that is scalable and easy to integrate with other systems|
Key System Features
RAPID Passenger offers users the unique option to choose sales-based or first-coupon-based revenue accounting, or a mixture of the two approaches.
A flexible approach to revenue accounting
RAPID Passenger delivers an extensive range of reports which can be used for control purposes or for commercial decision making. Choose from a wide selection of ready-made reports, or create your own report through user-definable parameters to best suit the needs of your airline.
To protect the interests of your airline, it is vital that passenger revenue accounting documents are closely monitored. RAPID Passenger offers the following stock management functionality:
|Stock processing from the printer through to the agent|
|Document, coupon and agent blacklisting|
|Suite of reports including stock consumption and stock on-hand reports for each location, and a blacklisted documents utilisation report|
RAPID Passenger gives you the comprehensive functionality needed to closely monitor sales activity and determine revenues across your entire network of outstations and agents, and includes:
|Monitoring and control of agency sales reports|
|Capture and processing of sales and refunds|
|Automated proration, handling the most complex of Special Prorate Agreements (SPAs) and Multilateral Prorate Agreements (MPAs)|
|Handling of multiple and user-definable forms of payment|
|Handling of unlimited re-issues, exchanges and conjunctions|
|Area office sales accounting|
|Area office and GSA invoice and credit note generation|
|Processing and accounting of Agency Debit Memos (ADMs) and Agency Credit Memos (ACMs)|
|Sales vs. flown matching, and revenue adjustment and accounting|
|Refund loss/gain accounting|
|Tracking of over/under utilisation of Pre-paid Ticket Advices (PTAs) and Miscellaneous Charge Orders (MCOs)|
|Processing of unreported sales|
|Forward sales reconciliation and unutilised coupon write-back|
|Credit card billing and settlements|
RAPID Passenger's fare audit module helps airlines to minimise revenue leakage and maximise cash flow, by identifying under collection. The solution offers:
|Verification of published fares|
|Verification of market, special and private fares|
|Verification of tax and Passenger Facility Charges (PFCs)|
|Generation of discrepancy memos|
|Generation of ADMs and Short Collection Investigation (SCI) reports|
One of the most complicated aspects of revenue accounting is tax processing. RAPID Passenger offers a streamlined and simplified set of procedures to ensure the accurate reconciliation of taxes and timely payment to the tax authorities. The solution offers:
|Verification of collected taxes as opposed to collectible taxes|
|Automated splitting of XT and ZZ taxes|
|Automatic transfer of taxes from MCOs to associated tickets|
|Tax accounting at detailed level|
RAPID Passenger allows the fast and accurate input of coupons for every passenger that has flown. Whether the input is in the form of electronic ticket records, data recovered from coupons by scanning machines, file transfers from departure control systems, or by manual capture of the data on the physical flight coupon, the solution quickly evaluates and determines the revenue.
Uplift and flown processing
|Flight packet monitoring|
|Net fare determination|
|Computation of agency commissions|
|Automatic proration, handling the most complex SPAs and MPAs|
|Stringent quality checks on data|
|Flight Interruption Manifest (FIM) and codeshare processing and accounting|
|Flown revenue accounting|
|Automatic generation of accounting entries|
|Delivery of revenue adjustment reports|
RAPID Passenger boosts your cash flow by comprehensively evaluating coupons issued by other airlines, and by efficiently generating interline bills to quickly recoup money owed. Functionality includes:
Outward interline billing
|Issue of invoices for prime and first rejection billing|
|Issue of invoices for inclusion in billing|
|Issue of invoices for 6% currency rate variation|
|Generation of rejection memos and invoices either through the IATA Clearing House (ICH) /Airline Clearing House (ACH) or directly on to the carrier|
|Production of standard IATA forms through ICH/ACH|
RAPID Passenger protects your bottom line by comprehensively evaluating interline bills received from other airlines, checking them for validity and accuracy.
Inward interline billing
|Provision vs. billing matching|
|Automatic rejection or acceptance of billing|
|Addition of first rejection memos|
|Processing of charge memos, and second and third rejection memos|
|Production of outward billing invoices for rejections|
|Management of correspondence and final settlements|
|Maintenance of rejection history|
|Automatic addition of accounting entries|
|Delivery of revenue adjustment reports|
RAPID interfaces to both internal and external applications, giving airlines the freedom to work with user-specific and industrial standard data in any combination. This ensures a high level of data accuracy and delivers significant productivity improvements, as data does not have to be entered manually. Examples of interfaces include the Billing and Settlement Plan (BSP), the Airline Reporting Corporation (ARC), the BSP RET, the Interline Data Exchange Centre (IDEC), ATPCO, GDS, coupon scanning and imaging systems, your reservation and ticketing systems and your flight schedule system.
RAPID is based on an industry standard, scalable and portable technology platform. It is driven by an Oracle relational database running under UNIX, Linux, Windows and other major computer environments. The operator interface and client programs run on IBM compatible PCs using Microsoft Windows. The system can be deployed in a two-tier client/server or a three-tier web-based architecture.
State-of-the-art, proven technology