British Airways becomes the first airline to sign for Amadeus’ new revenue accounting solution
Amadeus Passenger Revenue Accounting enables real-time revenue monitoring for faster, more accurate revenue decisions
Madrid, Spain, 2012-09-04 — /travelprnews.com/ — Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, today announces that British Airways has become the first airline to sign for Amadeus’ new Passenger Revenue Accounting solution. British Airways will benefit from Amadeus’ user-friendly, web-based system, which employs state-of-the-art technology in order to transform revenue accounting from a labour-intensive task to a fast, flexible strategic function.
Amadeus Passenger Revenue Accounting is designed to help airlines increase revenue, reduce operational costs, and make revenue decisions more quickly and accurately. Whereas current passenger revenue accounting processes are often slow to recognise and process revenue, Amadeus’ new system offers real-time, largely automated data acquisition and processing.
British Airways is scheduled to migrate to the new solution in early 2014 and will benefit from the solution’s full integration with the Amadeus Altéa solution, of which British Airways is a significant and long standing customer.
“The removal of paper documents from the passenger distribution process provides the opportunity to bring revenue accounting closer to the operational functions. We have been looking for a passenger revenue accounting system that takes maximum advantage of this opportunity, and the solution agreed will be delivered in partnership with Amadeus”, explained Gyorgyi Szantner, Head of Finance Services, British Airways.
“We believe it will enable us to transform passenger revenue accounting from a ‘back office’ function to a ‘front-end’ activity, providing real time visibility across the airline including our operational colleagues on how well the airline is performing”, she added.
Christophe Bousquet, VP, Development, Amadeus, commented: “This strategic partnership with British Airways demonstrates that we both share the same vision for a next generation passenger revenue accounting solution. Our passenger revenue accounting system is built using modern technology and embraces the latest industry standards. It allows for real-time acquisition, reporting and accounting thanks to its unique integration with airline operational systems. Accuracy and productivity are both increased and essentially, this new Amadeus solution enables airlines to know their revenues as soon as the plane doors close”.
He continues: “Leading airlines consider revenue accounting as a business domain that requires modernization. Amadeus brings to the market a new generation product that fulfills that need and we are delighted that British Airways has selected Amadeus as its strategic partner in this crucial area’.
Amadeus’ Passenger Revenue Accounting solution responds to the airline industry’s requirements for a fully integrated, fully scalable, paperless solution that is adaptable to support partnership agreements such as alliances, joint ventures and mergers, whilst complying with new market or industry trends such as electronic miscellaneous documents or simplified interline settlement.
As the latest addition to Amadeus’ rich portfolio of airline IT products, Amadeus Passenger Revenue Accounting demonstrates the organisation’s ability to supplement the core Altéa suite with value-added IT solutions. Amadeus Passenger Revenue Accounting is available to all airlines wishing to implement a new passenger revenue accounting solution, and can be integrated with the rest of their passenger services applications. For more information about Amadeus Passenger Revenue Accounting, please visit the Amadeus Airline IT website.
Notes to the editors
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.
Customer groups include travel providers (e.g. airlines, hotels, rail, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travellers).
The group operates a transaction-based business model and processed more than 947 million billable travel transactions in 2011.
Amadeus has central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 73 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol “AMS.MC”. For the year ended December 31, 2011 the company reported like-for-like revenues of €2,712 million and EBITDA of €1,039 million. The Amadeus group employs around 10,000 people worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please visit www.amadeus.com
To visit the Amadeus Investor Relations centre please www.investors.amadeus.com
Contact details
Amadeus
Corporate Communication
tel: +34 91 582 0160
fax: +34 91 582 0188
e-mail : mediarelations@amadeus.com