Olympic Airways adopts Mercator's outsourced revenue accounting solution
Olympic Airways, the national airline of Greece, has signed a contract to acquire the new Revenue Accounting Bureau Service from Mercator, the information technology (IT) division of the Dubai-based Emirates Group. The implementation was completed in two months.
The deal almost doubles the volume of business passing through the Bureau, launched only in June 2002 and in service at Emirates Airline and Air Tahiti Nui. Now the bureau, tailor-made for medium to large airlines, will handle about 12 million Olympic coupons a year worth some $220 million in gross sales, and almost doubling the number it processes annually to 25 million.
The new solution will enable Olympic to harvest major business benefits from improving revenue, providing accurate billing and verification, reducing accounting bills, enhancing productivity and eliminating training costs.
Based on Mercator's industry-leading RAPID solution, it converts data on air tickets and air waybills into the financial and strategic analysis an airline needs to sharpen its competitive edge.
Olympic, founded in 1957, has expanded into a major international carrier flying more than seven million people a year on a fleet of 41 modern aircraft. It serves more than 50 domestic and international cities throughout Africa, Middle East, Europe, North America and Greece.
It is hosted on two data centres at Mercator's high-tech Dubai headquarters and managed by experienced professionals who will ensure that the service is consistently top quality. Airlines can take advantage of the Bureau service regardless of where they are based. — (menareport.com)
© 2002 Mena Report (www.menareport.com)