PRA System Revenue Accounting
Navitaire’s PRA System Revenue Accounting services transform your revenue accounting operation into a high performance information factory and profit center. The PRA System captures, accounts for and reports on the complete scope of revenue accounting events, from proration to interline settlement to journal entries.
Industry-Leading Revenue Accounting Solution
Navitaire’s PRA System Revenue Accounting services help increase your accuracy, timeliness and revenues while lowering costs and improving efficiency. Our comprehensive PRA system improves process controls, provides enhanced workflows and increases your staff’s efficiency.
What’s more, Navitaire leads the industry in revenue recovery services, generating millions in annual debit memo revenue issuance. Our automated, flexible and comprehensive services audit agency and internal airline ticket transactions to verify airline tariff compliance.
From improved revenue recoveries to a thorough analysis of revenue leakage, you’ll see improved efficiency and a better bottom line.
Highly Scalable, Comprehensive Solution
PRA System Benefits
- Improve revenues by capturing, identifying, recalling and automating complex interline billing and proration calculations
- Manage revenue and liability accounts confidently with consistent and automated controls
- Make well-informed decisions based on timely and accurate reporting of all sales and revenue information
- Transform your revenue accounting department into a reliable collection and distribution source for precise, detailed revenue information
- Drive lower costs and improve efficiency through automation
PRA System Features
- System captures 100 percent of sold tickets for the purposes of recognizing unearned and earned revenue when appropriate
- Sophisticated pricing and proration models support industry-standard prorate, IATA weighted miles, provisos and a variety of special prorate agreement terms
- Comprehensive unearned revenue liability reconciliation and analysis reporting
- Centralized accounting module with flexible event/account mapping functionality and drill downs
- Compatible with industry-neutral proration engines for first and final settlement and the industry clearing houses for weekly interline settlements
- Comprehensive sales, use and flown passenger revenue information
- Image-enabled sales/use match functionality, which significantly improves the effectiveness of unreported sale and duplicate usage research
- Scalable architecture that grows with your business
- Enhanced modules for review and creation of the electronic interface files to help carriers meet SIS compliance goals