By Vijaya Cherian
Air Pacific chooses Mercator's revenue accounting solution to cut accounting costs and raise productivity.
Air Pacific has migrated to a new revenue accounting solution called FASTRAC from Mercator, Emirates Group’s IT wing. With this solution, the Fiji-based airline hopes to cut accounting costs, raise productivity and increase its profit margins. “Today we face the twin challenges of expanding our business whilst operating in one of the most competitive markets in the world. So we need a system which gives us really tight control over our finances,” commented Manoa Kamikamica, general manager of Finance, Air Pacific. “We firmly believe FASTRAC’s powerful functionality will offer the benefits we require, driving down our costs, speeding up our cashflow and so sharpening our competitive edge.” Developed for small and medium-sized airlines, FASTRAC can function as both, a stand-alone passenger or cargo revenue accounting solution, or as an integrated system with full functionality. It essentially converts data on air tickets and air waybills into the financial and strategic analysis, airline customers are increasingly dependent on. It also offers the full range of revenue accounting functionality, including sales, uplifts, proration and interline billing. “To succeed, airlines must have the strongest possible financial foundations and a truly world-class revenue accounting system,” Hugh Pride, director of IT, Mercator, said. “FASTRAC provides these foundations and gives Air Pacific the basics it needs to continue its expansion. The speed of this migration illustrates the close working relationship between us and Air Pacific.”