Accelya Group recently announced that Thai Airways, the national carrier of the Kingdom of Thailand, has chosen Accelya Kale's REVERA PRA, the most comprehensive passenger revenue accounting solution for the airlines industry, to streamline its passenger revenue accounting process.
Accelya Kale Solutions Limited is a part of the Accelya Group which helps airlines in integrating and simplifying their financial processes. Accelya Kale's passenger revenue accounting solution, REVERA PRA has been provided to Thai Airways on a hosted basis.
Speaking on the occasion, Thongchai Singhakul, vice president, Financial Accounting Department, Thai Airways International, said that as a national flag carrier competing in a fast-paced global environment, it was important for them to rely on the best solution.
REVERA PRA will help Thai Airways in automating and streamlining their passenger revenue accounting processes. Automation will minimize processing errors, maximize productivity, increase overall efficiency and help save time. The solution will also provide accurate, timely and complete revenue accounting data.
It will accelerate industry compliance including IATA’s Simplified Interline Settlement (SIS).
With the help of the new software, Thai Airlines will be able to access accurate, up-to-date and in-depth revenue accounting information, which will help them strategize to support business goals and decision making.
REVERA PRA will interface revenue accounting information with SAP (News - Alert) and other internal systems to enable enhanced integration for better management. The solution will also help Thai Airways in reducing its cost of operations with a transaction-based pricing model.
“We are delighted to partner with Thai Airways for their passenger revenue accounting requirements. We firmly believe that REVERA PRA will help them in enhancing speed and accuracy in revenue accounting and addressing their business goals,” said Neela Bhattacherjee, head of Airlines SBU, Accelya Kale Solutions.
Accelya Kale's passenger revenue accounting solution, REVERA PRA delivers tangible business value to the airline industry, and helps airlines in implementing best industry practices. REVERA PRA is powered by the industry-leading proration engine APEX and is SIS-compliant.
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Edited by Braden Becker