For airlines, payments reconciliation is an intense, complicated process. You must make sense of numerous sales channels, countries, currencies, banks and acquirers. It’s easy to lose revenue through missed payments or violations from a service-level agreement.
Luckily, our automated VIVALDI Reconciliation solution keeps detailed track of all transaction-level reconciliations for every card and alternative form of payment processed. With minimal manual intervention, it prevents revenue leakage and increases productivity.
Whenever there’s a missing payment or an incorrect commission, our platform will detect it. Transaction-level reconciliation identifies missing payments and incorrect commissions applied by the acquirers, thus enabling you to reduce revenue leakage.
Once you have better control over your reconciliation at the transaction level, you’ll have more control when negotiating contracts with acquirers by covering missed SLAs, discount rates and foreign exchange rates.