Audit and Assurance of Quality services are responsible for the supervision of the correct performance of the Revenue Cycle with precision and accuracy. This is considered as a protection actions on revenues in order to determine profits and have visibility of the business.
Our set of Prevention Strategies are designed to protect revenues jeopardized by issues or mistakes at the time of publishing a fare, time of sale and/or time of flight.
Praxis Interline Billing Audit
Payables
Overbilling between Airlines is common in the industry. Work overload, outdated systems or lack of resources affects the capability to detect and reject any discrepancy.
We offer a high level of quality on the interline audit service in order to maximize revenues and avoid losses. Our process allows to audit, re-check and correct documents previously priced by your interline partner.
Receivables
UNDERBILLING is a possibility when a interline receivable transaction is performed. Due to ICH and ACH weekly closings, Airlines need invoice partners quickly with accurate monetary values.
Our overnight audit process allows Miatech to audit, re-check and correct documents previously priced by the airline.
Praxis Sales Audit
Audit method includes the analysis of the Fare Collected by using industry standards. The validations of the Fare, Tax and Commissions are performed against information contained in the PRAXIS database. ATPCo interfaces are used to validate published and un-published fares.
All Fares categories are included into the scope, we developed tools to cover reservations, advance purchase, backend-upfront commissions, Corporate fare, IT, Private and waivers.
Praxis GDS Audit (Global Distribution System)
Passenger Traffic around the world is growing with difficulties. Meanwhile, the costs from the GDS (Global Distribution Systems) are growing rapidly. Work overload, limited budget for development, manpower shortages and outdated systems are the reasons given for not auditing all the reservations handled by the GDS on behalf of an airline. Miatech has developed a powerful tool that allows for the audit of several variables involved on the GDS´ invoices in order to REDUCE COSTS and MAXIMIZE REVENUES.
Praxis Antifraud Prevention
This module is not a rapid recommendation to act when accounting and statements are done. This system is prepared to detect live, and/or before accounting anomalies occurs on revenue reports at all levels. Our powerful tools acts promptly to solve any ticket fraud at the time of sales, flights are flown, tickets are exchange or refunds are requested. It is also linked with the PAYMENT RECONCILIATION control system in order to determine if original or previous transactions are also involved in a possible fraud scheme.
Payment Reconciliation
Services that assures that every bank deposit or credit card payment is linked with every passenger ticket. With this tool clients recognize the real revenue in its pocket, not only Revenue Accounted with sales records.
Payment reconciliation system place on the same terms all transactions with its payments, in this way users will recognize the exact amount of money to be able to account in the revenues. The combination of revenue data and the right pricing-proration engine allows clients to read adequately the company statements.
Praxis Fare Protection
The time of publishing a fare is really important and sensitive when airlines plan its revenues. Our protection strategy will help airlines to organize and publish a fare with assistance of a powerful analysis tool avoiding revenue loses.