The most efficient Airline Contract Management Tool | nexusCMT
What is an Airline Contract Management Tool?
As a business, We understand that we can perform flight bookings online either through a GDS or an Airline. Do you wonder how the agencies get paid corresponding to each booking the made successfully? Considering the fact that there are numerous Airlines and routes and of course they all can not be operated using a single agreement. Ring a bell? Right, there are countless contracts that need to be placed based on the Airlines, routes and other booking parameters that eventually decide the fees corresponding to each booking processed successfully. Now, for a long time, all this process is being handled manually, where travel agents would check the contract database and place the right fees for the bookings to be charges based on the set contracts, also it was tiresome to keep updating the contract database as there are frequent changes in booking fees that need to be taken care of.
Now, since we understand the concept of handling airline contracts, so it is easier to say that an Airline Contract Management Tool is like an automated software that keeps track of all the airline contracts and not only allows us to access contract details but also to imply various contracts corresponding to the nature of the bookings performed automatically.
What is the need for an Airline Contract Management Tool?
Well, isn’t it apparent now? It saves time, lessens the probability for manual errors, streamlines the process and applies the appropriate contracts automatically corresponding to the nature of the booking performed. Such automated tools also keep a history of the applied contracts and processed changes so makes it a lot easier to generate the historical and current reports for better analysis. So overall, it helps agencies to maintain a record of all contracts and make the business more transparent which often lead both parties to a win-win situation.
Now, there would be many companies in the market offering services and tools like such, however, today our objective to write this article to introduce you to our Airline Contract Management Tool – nexusCMT.
nexusCMT is fully integrated with GDS (Sabre, Amadeus, Travelport) and NDC platform to help businesses maximize their profits and to increase their productivity. Key features –
- Easy and quick Contract Management Tool for instant contract creation.
- Multiple Price Quote in a PNR can easily be processed.
- Tactical and Regular contracts can be processed together to maximize profits.
- Multiple POS (point of sale) and agent level commission support.
- GDS (Travelport, Amadeus, Sabre) and Direct airlines (NDC) are connected and can be processed together.
- Advanced dashboard for reporting and alert notification.
- CMT Library to maintain all the airline contracts for agents’ reference.
- CMTQ to easily integrate with TMCs to process the PNRs from queues.
- Advanced data configuration to manage multiple POS and TMCs branches.
- Next-generation rule engine to automate agency and client’s complex contracts.
nexusCMT allows us to create, manage and process new/existing contracts from its easy to operate CMT library. All the changes are integrated with alert notifications to stay updated with the changes. Currently, the software is capable of processing contracts with direct Airlines (NDC) and major GDS systems – Sabre, Travelport and Amadeus. It means you can save the various contracts at once and the appropriate markups based on the assigned contracts would automatically be assigned to the bookings from all the above platforms that make this software quite versatile and also provide you with an edge over the regular tools as it is integrated with the direct airlines as well. The dashboard is quite a user friendly and allows you to fetch reports at will to audit various contracts or check for the changes processed that will be saved with other necessary details.
Overall, it helps travel agencies to set up a more transparent and hassle-free system to manage the airline contracts which used to be the most tedious task. We have to admit that reporting and analytics are essential for companies to make better business decisions. Our Business Intelligence team offers capabilities for reporting and analytics based on your business requirements. We provide the tools to gather, analyse, and process data through ad-hoc reports, dashboards, and e-mail for real-time sharing of business performance. You can measure and make better management decisions to drive key performance indicators throughout your business.
Visit our website for more details or to contact us to explore business opportunities: – www.farenexusgroup.com