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The airline industry has evolved considerably over the last decade. A changing regulatory and technology environment is exerting increasing pressure on airlines to quickly comply with and adapt to industry requirements. Faced with increasing industry demands, airline managements and internal stakeholders are expecting greater accuracy and timeliness of revenue information. In a highly competitive environment, making timely decisions is critical to airlines’ performance.
Revenue accounting teams are, however, hobbled by legacy systems that are just not flexible or agile enough to meet the growing expectations of management and industry. This adds another layer of complexity to the revenue accounting function.
Accelya has more than 20 years of experience in revenue accounting. The company has in-depth knowledge and understanding of the airline industry. It has helped airlines process 300 million revenue accounting transactions and 100 million proration transactions. Accelya helps airlines identify recoverable revenues worth $ 180 million in audit annually.
Accelya’s partnership with industry associations has enabled it to be a part of the airlines ecosystem and be an active participant and contributor in its evolution. Accelya’s large pool of experts understands the complexities of revenue accounting, anticipates industry trends and collaboratively designs solutions that address diverse revenue accounting challenges.
Accelya has invested in intellectual property, people and processes to enable revenue accounting teams to manage the complexity of their function with ease.
REVERA® Revenue Accounting is Accelya’s suite of solutions that streamline and simplify revenue accounting across passenger, cargo, Airmail, proration and interline revenue accounting.
REVERA PRA is the most comprehensive passenger revenue accounting platform for the airline industry. Its high level of automation minimises processing errors and maximises productivity. The solution helps airlines respond to the demands of their internal customers with speed and accuracy. With its powerful business intelligence capabilities and real time revenue reporting, REVERA delivers tangible business value to the airlines.
"We have chosen Kale because of their strategic focus, leading edge technology and expertise in revenue accounting..."
- James Rigney
Chief Financial Officer
Air India Partners with Accelya Kale