IBS makes a mark in Cargo Revenue Accounting

India's leading carrier, Kingfisher Airlines and Air Astana , the national carrier of Kazakhstan are Live with the industry's most modern Cargo Revenue Accounting system - iCargo CRA. Ever since the successful cut over at Japan's Nippon Cargo Airlines in April 2008, iCargo CRA is well on its way to becoming the industry's most preferred revenue accounting solution for cargo carrying airlines. Later this year, two other major airlines, Air New Zealand and Austrian Airlines will migrate to iCargo CRA from their current legacy cargo revenue accounting systems.

iCargo CRA, the next-generation Cargo Revenue Accounting system is built on proven new-generation technology and application architecture. Being a cost effective and simple to implement solution, it can be easily interfaced to effectively work with any airline cargo system. iCargo CRA with its extended functional coverage is truly the most comprehensive modern cargo revenue accounting system in the world. The functionality offered by iCargo CRA includes Flown Processing, Export Billing (both CASS and non-CASS), Sales Reporting, Import Billing, Interline Inward Billing and Rejections, Interline Outward Billing, ICH settlements, Mail Accounting, Proration, Accounting and Management Reports.

iCargo CRA, when implemented with IBS' iCargo Airline (the airline cargo management system), provides a single seamless solution that ensures one time data entry, up-front rating during booking and early view of shipment profitability. By using a single source of information from reservations to final accounting, the solutions focus on accuracy of information and timely billing, resulting in enhanced revenue protection and cost efficiencies.

According to Akshay Shrivastava, Senior Vice President and Global Head of IBS’ Cargo Line of Business, “Taking the current industry situation into account, airlines are looking at revenue protection and cost control as two critical measures for success and survival. Cost effective and efficient cargo revenue accounting is the critical need of the day. iCargo CRA offers the industry's best revenue accounting practices with simple adaptability and flexibility that is a must in these changing times. With the slowing growth of the air cargo business and the increasing competition leading to wafer-thin margins, it is imperative that airlines use an efficient Cargo Revenue Accounting system like iCargo CRA to eradicate revenue leakages, maximize cash flow, reduce time to bill and ensure effective and timely revenue recognition."