For airlines, payments reconciliation is an intense, complicated process. You must make sense of numerous sales channels, payment methods, 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.
With airlines setting tolerance levels of upto 4 or 5% to allow for the complexities of reconciling individual transactions, the cost of acceptance, variances in foreign exchange calculations and the loss of revenue through fraud or disputes, the importance of controlling all revenue and associated costs or leakage has never been greater. Whenever there’s a missing payment or an incorrect payment acceptance cost, our platform will detect it. Transaction-level reconciliation identifies missing payments and incorrect fees applied by the acquirers, thus enabling you to reduce revenue leakage.
Speed up the reconciliation process with VIVALDI. Our automated platform optimizes your staff’s output by limiting the amount of manual intervention needed to deal with reconciliation issues (including reducing the number of total errors). Plus, it’s easily integrated with the leading financial systems used by airlines.
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.
VIVALDI provides an end-to-end reconciliation process along the sold-billed-settled-banked cycle. With a fully scalable solution, Vivaldi provides the platform for growth aligning your digital optimization plans with all back office functions.
“By streamlining our card payments processes, we can improve efficiency and deliver better service for our customers. We are therefore pleased to have chosen Accelya’s VIVALDI solutions. They have proved to be the best fit for our business, since they cover all card-related processes across the payments lifecycle. VIVALDI CardClear will enable us to easily and quickly accept new business and expand into new markets. VIVALDI Reconciliation will help us reconcile each transaction to prevent revenue leakage. And VIVALDI Chargeback will help us standardize our processes for better administration, cost efficiency and compliance.”
- Japeen Shah, Chief Financial Officer, Oman Air
“Accelya has been our service provider for REVERA PRA, VIVALDI & eSmash. They have proven themselves to be a trusted partner and a valuable part of our team. We are very confident that their cost management and flight profitability solutions will help us automate entire procure-to-pay cycle and provide us with accurate and timely information about flight profitability.”
- Marilyn Nel, Manager Finance, Air Namibia
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