With the ongoing challenges the world is facing today, every business venture requires meticulous planning to ensure that the next step yields optimal results. Not new to this scheme is the airline industry – it has always strived to evolve its standards to meet the ever-changing demands. However, when Covid-19 hit, it turned on a different switch. The shift to a new normal changed everything, including travel and logistics. Airline companies have to deal with flight cancellations, refunds, rescheduling, and other transactions that involve a tedious process. Managing these tasks consumes time, energy, and workforce, which is not cost-effective, and the chance for revenue leakage to occur is highly plausible. Revenue leakage pertains to errors and mismatching of data between the actual amount received and the expected income.
The advent of smart technology provided solutions to these issues, which guided Rassure in creating a groundbreaking system that assists airlines in detecting revenue leakage. The transition from manual to automation allowed companies to recognize a vast difference in efficiency and accuracy. The conventional methods take lengthier periods to resolve issues, with a higher chance for mistakes to occur during the process. Having partnerships with the BPO industry or any other arrangements can still offer assistance in some forms, but with risk for errors despite involving skilled personnel. With thousands of bookings to deal with at once, setting a deadline to audit the company’s profits and losses are difficult to achieve.
Meanwhile, Rassure’s innovation can perform all these auditing tasks with ease. The system carries out multitudes of inspections and guarantees the accuracy of each transaction in real-time. The use of artificial intelligence made auditing faster and more convenient for airline companies. It conducts various types of audits in milliseconds, defeating the human capacity that usually takes hours to days to review a set of discrepancies. This digital transformation paved the way to recovering more revenue multiple times better and faster than the conventional systems deployed by BPO companies. For example, reissue fee audits showed ten times more efficacy and improvement under Rassure’s technology than the traditional audits performed by other companies.
We have the best of two worlds: advanced technology and the heart to serve the aviation world better. As the only single platform that can detect revenue leakage throughout the complex life cycle of every ticket, we ensure 100% scope coverage and flexibility to run and rerun audits with precision. We have dedicated experts ready to serve clients in the airline sector across the globe. To show our commitment to delivering quality service, we observe transparency in our services – no silos of finance, commercial, and other departments.
An airline company can achieve security and protection to its future by investing wisely in an effective platform. No matter what type of crisis awaits, Rassure’s auditing system is the best answer in detecting revenue leakage. Right now is the best time to capitalize on smart technology, empowering airlines to recover more quickly and stay ahead of the competition.