Would you like more efficient payment and billing? We can help you
To simplify and streamline the typical payment and accounting/billing processes in the travel and tourism industry/business, ISO offers several modules and certified interfaces to standardized systems. These include online credit cards, payment cards, accounting interfaces as well as functions for analysis and yield management.
We recommend this module if you need the option to offer your customers different payment methods as a part of online bookings. These may be credit cards, other payment cards or cardless methods such as PayPal, etc. It is the perfect complement to our Internet Booking Engine [link] and to our reservation systems Pacific [link] and Atlantic [link]. All the relevant data is sent to the external payment service provider’s system in a protected format and system area for online approval. This ensures the security of payments and related data.
All transactions are protected according to the PCI-DSS standard.
Our solutions support a variety of processes, for example, the payment authorization and the actual debit booking/payment can be done either in one combined process or in two steps at separate times. Subsequent events such as rebookings, amendments, credit notes, and cancellations, etc. are also supported in a fully automated manner depending on the connected systems.
The ISO component Payment Gateway in combination with Pacific and Atlantic supports all the relevant business processes. The systems perform the transactions and can interact with any external system. Thus, you have the choice as to which external systems you want to use and connect to.
Interfaces are already offered to these external payment systems:
- First Data
- Global Collect
- Tele Cash
- Concardis (under development)
If desired, other payment systems can be quickly connected by means of simple adapters.
The Pacific reservation system offers all the functions that are relevant for tourism specific accounting. You can fulfill all the aspects of accounts payables and accounts receivables for tourism business processing in Pacific. The system creates customer invoices, tracks incoming payments, checks and reconciles incoming supplier invoices, etc.
In addition, Pacific coordinates all the connected and relevant systems, including the interaction with your external finance accounting (general ledger) system.
A flexible accounting system converter allows the simple adaption to any external accounting system in the process. Our solutions already support many certified interfaces to standardized accounting systems for easy data exchange:
- Oracle Financials
- BMD (in development)
Analysis and Yield Management
Flexible analysis options allow a detailed view of the booking situation, the allotments and the prices. With this information, you can initiate your yield activities. Our systems are open, allowing you to extract all the relevant information from the database. Thus, you can transfer data to any external system for further analysis.
In addition to this flexible access, the system has several predefined reports and analyses that show your company's activities. Based on this forecast and the available tool, you can adjust your prices and allotments – to optimize your sales and profits.