
| Kale introduces Miscellaneous Billing Solution for airlines |
| Kale’s FINESSE MBS to streamline airline miscellaneous billing processes and help airlines become SIS Compliant |
Mumbai, 9 February 2011: Kale Consultants Ltd., the leading provider of solutions to the airline and travel industry, announced its FINESSE MBS Solution, to streamline Miscellaneous Billing processes at airlines. The solution will also help airlines become SIS (Simplified Interline Settlement) compliant. FINESSE MBS will be offered in hosted and outsourced models on a pay-per-use basis, thereby reducing deployment time and optimizing usage. About SIS: The Simplified Interline Settlement (SIS) project is an industry-wide initiative led by IATA which aims to standardize, facilitate and expedite interline billing and settlement in the airline industry. One of the critical components of SIS is the miscellaneous billing wherein, airlines bill each other for services rendered in areas such as ground handling services, engineering services, billing for partner alliances among others. This is an important revenue stream for airlines as it is relatively recession proof and generates stable margins. However, lack of sufficient automation has led to business issues such as inadequate control over invoicing of services, longer service to invoice cycle as well as higher rejections due to incorrect pricing. |