AdvancedCargo - Accounting

Interfacing: AdvancedCargo Platform Component


Product description

AdvancedCargo - Accounting is a highly automated cargo revenue accounting system that provides high-quality data quickly. The component covers all major airfreight accounting business processes.

To support effective workflows, the system provides electronic interfaces to various institutions in the airline industry, such as the IATA Clearing House. Standardized interfaces allow the integration of legacy systems or third-party finance systems such as SAP R/3.

AdvancedFlown & Interline

AdvancedFlown & Interline checks transfer and transport manifests for correctness and completeness. Routings are built up and gaps are filled in for management information purposes.

Interline proration is carried out on demand based on the RAM (Revenue Accounting Manual), the MPA (Multilateral Prorate Agreement) and the APD (Airline Proration Directory). Special bilateral proration agreements are applied. Automatically calculated interline proration results are used to determine expected invoicing values.

Outgoing interline invoices are generated only for fully flown interline shipments. IATA 5Day and IATA Mean exchange rates are applied. Incoming interline invoices are checked against the calculated expected values. Rejections are generated based on tolerance parameters.

Any changes to air waybill or manifest data are taken into account and corrected. Own revenue is distributed to own flight segments if desired.

All validated receivables and payments are sent to the general ledger system.

Customers


Categories and features

Freight/Cargo management

AWB control and charges
Billing and invoice management (cargo)
Debit/credit limitation
Interline payable management
Rates/special rates management

Finance and accounting

Lufthansa Systems

Lufthansa Systems offers a comprehensive portfolio of customized IT solutions for clients in selected industries and operates one of the most powerful data centers in Europe. Lufthansa Systems’ products and services provide added value for its customers in terms of enhanced efficiency, reduced costs or increased profits. The portfolio covers the full range of IT services, including IT consultancy, development and implementation of industry solutions and operation in the company's own data centers.

Long-term project experience, a deep understanding of complex business processes and strong technological know-how are the basis for the continuous expansion of Lufthansa Systems' service offering across many industries. Companies from different sectors, such as transport and logistics, as well as industry rely on the expertise of Lufthansa Systems. As a global IT service provider, Lufthansa Systems is focused on the continual expansion of its activities around the world. The company has a global presence and a sales structure which is oriented on its international target markets. Local points of contact enable short response times and a close proximity to customers.



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