Airlines Reporting Corp. has launched the first phase of an orders-based reporting and settlement system, allowing carriers and travel management companies to settle orders-based sales, the company announced Tuesday.
The initial release of the system enables reporting and settlement only of orders with a cash form of payment, according to ARC, while also supporting real-time data exchange and expanded reporting and analytics.
"It marks the next phase of ARC's modern retailing strategy, which will simplify servicing and back-end processing across airline distribution channels to create a streamlined, customer-centric travel experience for travel agencies and airlines," according to the company.
Offer-and-order management is based on an International Air Transport Association initiative for airlines to adopt the IATA One Order standard for modern retailing, in which it consolidates passenger name records, e-tickets and electronic miscellaneous documents into a unified record, creating the order.
ARC said it worked with its "orders-focused advisory councils of airlines," travel agencies and travel technology providers "to build a system based on industry standards that works for ARC's airline and agency customers," according to the company.
"Going forward, ARC will support the reporting and settlement of orders-based transactions as well as both global distribution system EDIFACT and New Distribution Capability transactions," according to ARC.
ARC plans to onboard airlines to the new platform later this year, the company told BTN.