LATAM Airlines Group selects REVERA PRA to standardize revenue accounting process

Accelya today announced that LATAM Airlines Group, the largest airline group in Latin America, has selected Accelya’s REVERA PRA to standardize the passenger revenue accounting processes across the airlines that are part of LATAM Airlines Group.

Accelya has also been LATAM Airlines Group’s partner for Interline Billing, Audit & Revenue Recovery, Card Management and airline Market Share Analysis.

LATAM Airlines Group is one of the largest airline groups in the world, flying 68 million passengers a year. LATAM Airlines Group’s passenger revenue accounting is an important source of revenue information for its internal stakeholders to take business decisions. Given the large volumes, multiple airlines and geographical spread of the business, LATAM Airlines Group was facing the challenge of managing this information with desired quality and timeliness. Therefore, they decided to partner with Accelya to standardize their processes across the group.

REVERA will help LATAM Airlines Group to,

• Gain better control and monitoring through standardization of processes across all airlines that are part of LATAM Airlines Group

• Declare revenues accurately and on time

• Get actionable intelligence and insight into financial performance

• Get single-vendor accountability

Speaking on the occasion, Jordi Arcalis, Chief Commercial Officer, Accelya, said, “This deal with LATAM Airlines Group reinforces our long standing partnership with them. I am confident that we will continue to add value to their business and support them in their growth”.