Cargoflash Infotech’s next-generation revenue accounting software, nGen CRA (Cargo Revenue Accounting) system is now compliant with PASS (Postal Accounts Settlement System) developed by IATA.
IATA’s PASS provides a platform to enable the use of common standards and automate the large volumes of airlines’ postal billings and settlements that are otherwise processed manually, which leads to multiple discrepancies, inefficiencies, and higher expenses. Similarly, the nGen CRA System, by Cargoflash, minimizes manual intervention and error by generating automated invoices and accounting. With nGen CRA being compliant with PASS, an automated industry platform will assist billing and settlement of transactions thus benefiting both airlines and postal operators.
Through PASS, IATA has been working with the postal industry to find a solution for payments and discrepancies. PASS produces standard invoices to postal operators as well as automates invoicing and payment processes, facilitates the reconciliation process, and enables online dispute resolution. Likewise, the nGen CRA integrates every accounting process and delivers real-time statistics. From invoicing to auditing, particulars are maintained accurately by nGen CRA System.
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“PASS will allow direct collaborations between the airlines and postal companies, thus generating new business opportunities. Implementing the nGen CRA solution also plays a pivotal role in accurately establishing revenue accounting by minimizing invoice data errors and preventing duplication. With postal (e-commerce) services swelling, month-on-month, this compliance will be a great addition to our CRA module thus, giving us an edge for further development,” says Lesley Cripps, director – sales, CargoFlash InfoTech.
