Airline Cargo

How automation in revenue accounting boosts air cargo revenues and operational efficiency

How automation in revenue accounting boosts air cargo revenues and operational efficiency

Automation improves operational efficiency by accelerating the processing of repetitive tasks and reducing the risk of human error. From the revenue accounting standpoint, automation also improves revenue recognition through improved quality audits and faster invoicing, accounting, and reconciliation. Let´s explore six key areas where automation generates significant improvement in air cargo revenue accounting. 1. Quality audit  Detecting and correcting errors post invoicing is costly. It's time-consuming and requires a lot of effort between the stakeholders to resolve discrepancies resul...

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Giving air cargo cashflows a little more oomph with innovative payment solutions

Giving air cargo cashflows a little more oomph with innovative payment solutions

Technology is transforming air cargo with innovation being injected right across the value chain. But there's one area that's due for little more tender love and care: air cargo payments. It's a complex issue with so many different currencies, systems, processes, and stakeholders to deal with when connecting the dots between shipment origin and destination. And this is why it typically takes 30-45 days for payment remittances to come through after service completion when unexpected surprises don´t appear. But the reality is that unexpected charges can accrue quickly across the different phases...

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Towards contactless air cargo operations

Towards contactless air cargo operations

Contactless technologies have evolved quickly over recent years in the constant drive to boost operational efficiency, reduce costs, and improve collaboration across value chains. With the onset of the pandemic, an additional health and safety layer came into play, which further accelerated touchless technology deployment. Given the many benefits obtained from this move and the behavioral changes it invoked, contactless is here to stay. People now expect low-touch technologies in their daily lives. And the good news is that increased vendors in the marketplace, emerging technologies, and new i...

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Enabling seamless air cargo partner integration and connectivity for efficient and transparent end-to-end operations

Enabling seamless air cargo partner integration and connectivity for efficient and transparent end-to-end operations

Businesses can't operate and triumph on their own. Success is built upon collaboration within a broader stakeholder and partner ecosystem. While many industries have adopted digital technologies to drive deeper collaboration, innovation, efficiency, and business models, the air cargo industry has been remarkably slow to do so. Fragmented legacy systems, outdated industry standards, and manual (even paper-based!) processes permeate air cargo. Within this context, real-time tracking of shipment statuses and service fulfilment reporting is impossible for airlines, ground handlers, and end-custome...

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Blockchain applications in airmail

Blockchain applications in airmail

As the speed of business accelerates due to increased automation and the relentless growth of eCommerce, airmail volumes continue to rise. In our recent "Blockchain and IoT applications in air cargo" guide,we looked at different scenarios where these emerging technologies could play in. In this post, I´d like to dive deeper into blockchain applications in airmail, specifically. In light of increasing airmail volumes and the factors behind them, pressure is on the industry to provide improved tracking transparency, cost and operational efficiency, security, and faster settlement. A tall order i...

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