Revenue & Accounting

A key strategic requirement is to have a single source for all payments across all financial institutions, currency processors, payment methods, channels etc. This provides a single auditable and consolidated view of all the payments.

It is the hub that links the bookings and ancillary sales you have made with the lodgements received from the various financial institutions who ultimately settle your transactions.

In order to build a consolidated reporting environment it is prerequisite that the data model used is extensive across all payment methods and channels i.e. if the currency has been converted or the transaction rejected because of a fraud rule, all this information must be available in one single source, with the ability to search, find and report using meaningful references - e.g. PNRs. Staff should not need access to sensitive data in carrying out these functions, thus ensuring compliance to relevant industry standards.

Once your data model is right not only will the reporting be better but also your ability to automate fraud rules will be enhanced as the more information you collect and have the better the fraud rule.