Financial Daily from THE HINDU group of publications
Thursday, May 26, 2005
Financial Daily from THE HINDU group of publications Thursday, May 26, 2005 |
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Logistics
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Airlines Air Sahara buys Emirates' revenue accounting solution Vimala Vasan
Abu Dhabi , May 25 MERCATOR, the IT division of the Emirates Group, has sold its revenue accounting solution, RAPID, to Air Sahara. The deal has further strengthened Mercator's customer base in the South Asian region, according to a statement from the Emirates Group. RAPID is offered as either a stand-alone passenger or cargo version, and can also be delivered as one complete package. The solution analyses the information on used tickets and air waybills to give an airline the financial and strategic information it needs. The solution will support Air Sahara's growth plans, helping it to realise revenues quickly and accurately, reduce revenue accounting costs, maximise productivity and enhance commercial confidence. Mr Alok Sharma, Executive Vice-President of Air Sahara, said: "We are growing very quickly, and each year sees yet more aircraft being delivered, new destinations being inaugurated and passenger numbers going up and up. It is crucial that we do not lose sight of how our airline is performing. "RAPID gives us the control we need, and gives us the clearest picture of our finances. The solution's functionality is unmatched, and we expect RAPID to become a key part of our drive to transform Air Sahara into a highly-successful international airline." A number of international airlines, including Jet Airways, use the RAPID family of products.
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