Air Canada has signed an agreement with software provider Mercator to “manage and optimise" its revenue accounting system for cargo operations.
The Canadian flag carrier will implement Mercator’s RAPID Cargo solution to help align its processes to “industry leading practices, standards and quality”. The carrier said that it was looking for an integrated, modern and scalable revenue accounting solution that would interface with its existing cargo system.
Air Canada wants to improve the efficiency of accounts receivables and collections, the integration of cargo revenue accounting and postal mail revenue accounting, the reduction of manual processing and intervention, and the capability to generate real-time reports.
RAPID Cargo transforms the data on cargo air waybills into a stream of financial and strategic information.
Chris Isford, vice president and controller at Air Canada, said: “We reviewed and evaluated several cargo revenue accounting solutions on the market, and ultimately chose Mercator for its track record in rapidly responding to the changing financial needs of airlines by using the latest industry-tested technologies.
“We sought a modern, reliable and robust framework to handle our revenue accounting processes, and RAPID Cargo enables us to handle the most complex revenue accounting demands with speed, accuracy and profitability.”
Bernard Donoghue, chief commercial officer at Mercator, added: “Air Canada joins a growing community of more than 60 air carriers worldwide that use RAPID to manage their revenue accounting as they seek innovative ways to streamline their businesses and reduce costs in challenging economic times.”
