IATA's Global Net Remit 5 (NR5) is an upfront agency incentive management solution that helps push your travel agency sales by instantly incentivizing your agents through the BSP settlement cycle. The solution automatically determines when an agent qualifies for an incentive and station managers can pay out directly through it.
Available in all IATA BSP countries worldwide, IATA Global NR5 enables you to manage the entire lifecycle of incentives from contract filing, calculation and payment, to reporting and analytics, with no extra effort from travel agents.
For every transaction against which an active deal is detected, the solution calculates supplementary commissions and reports it to the IATA BSP settlement cycle for instant payment to travel agents. Full automation avoids human errors and allows you to instantly reward travel agents and strengthen the airline-agent relationship.
Manage the entire lifecycle of incentives from contract filing, calculation and payment to reporting and analytics. You also have access to all your ongoing and past deals – these can be queried, stored and monitored centrally for complete visibility and control.