Air Canada, Canada’s largest domestic and international airline, has signed an agreement with Mercator, a Dubai headquartered solution provider of software and technology-enabled outsourcing solutions to the global aviation industry, to manage and optimise its revenue accounting systems for cargo operations using Mercator’s RAPID Cargo solution.
Under the accord, Air Canada will implement RAPID Cargo to help align its processes to industry leading practices, standards and quality.
According to the carrier, it was looking for an integrated, modern and scalable revenue accounting solution that would seamlessly interface with its existing cargo system, and one that would improve the efficiency of accounts receivables (AR) and collections, the integration of Cargo Revenue Accounting and Postal Mail Revenue Accounting, the reduction of manual processing and intervention, and the capability to generate real-time reports.
Mercator’s RAPID Cargo is a next-generation cargo revenue accounting solution that gives airlines the tools to efficiently manage their complex cargo operations, by providing them with a clear view of how their businesses are performing. It quickly and accurately transforms the data on cargo air waybills into a stream of financial and strategic information.
“We reviewed and evaluated several cargo revenue accounting solutions on the market, and ultimately chose Mercator for its track record in rapidly responding to the changing financial needs of airlines by using the latest industry-tested technologies,” said Chris Isford, vice president and controller, Air Canada. “We sought a modern,reliable and robust framework to handle our revenue accounting processes, and RAPID Cargo enables us to handle the most complex revenue accounting demands with speed, accuracy and profitability.”
Bernard Donoghue, chief commercial officer, Mercator, added: “Air Canada joins a growing community of more than 60 air carriers worldwide that use RAPID to manage their revenue accounting as they seek innovative ways to streamline their businesses and reduce costs in challenging economic times.”
Air Canada and Mercator have begun work on the RAPID Cargo implementation and the airline is scheduled to migrate to the new system in the fourth quarter of 2015.
