Ensuring a swift, seamless and precise method in maintaining the financial aspects of the logistics for error-free audits, the next-generation Cargo Revenue Accounting (CRA) System delivers real-time statistics for Air Cargo management, says Lesley Cripps, Director – Sales, CargoFlash Infotech.
Q Kindly elaborate on nGen CRA (Cargo Revenue Accounting) system.
Stressing on ‘paperless operation’ for the benefit of both the client as well as the planet, the next-generation Cargo Revenue Accounting (CRA) System by Cargoflash integrates every accounting process and delivers real-time statistics for Air Cargo management, on a cloud-based platform. From invoicing to auditing, particulars are maintained accurately by the nGen CRA System for our clients to have a seamless, error-free revenue accounting experience.
The nGen CRA System lets the consumers control all the necessary activities of pricing, and invoicing. This tool also facilitates faster data validation and complete Airway Bill (AWB) with automated billing. Correspondingly, it ensures a swift, seamless and precise method in maintaining the financial aspects of the logistics designed for error-free audits.
Furthermore, the nGen CRA is now compliant with the PASS (Postal Accounts Settlement System) platform, developed by the International Air Transport Association (IATA). With e-commerce and cargo services swelling, month-on-month, this compliance will be a great addition to our CRA module, therefore giving us an edge for further growth and development.
Q What are its benefits to the industries? Who all are its potential industries?
With the advent of the ongoing pandemic, most of the airlines, worldwide, suffered huge financial losses due to the grounding of fleets. Amidst such crunch, the nGen CRA is designed to avoid further losses by providing swift, and real-time data validation alongside detailed invoicing to help generate CCA, memos, export CASS/ non-CASS bills. From loading to invoicing, the e-AWB is correctly maintained on the nGen CRA software. Moreover, the system lets our clients handle tax management together with incentive & grievance management covering complaint, and rejection management. From tracking transportation-related costs and revenues to managing operational expenditures, this user-friendly tool makes sure the losses remain unimportant. Another prime focus of this system is to prevent revenue leakages by providing error-free accounting.
The system also delivers user-defined currency exchange and market rates for beneficial trading. Benefiting from this standardised solution, our clientele from the Air Cargo supply chain, are majorly the airlines & airports, freight forwarding enterprises, ground handling agents and e-commerce companies.