travel tech insights

Part I of this series explored the importance of corporate self-booking tools and started to list and explain the main features and functionalities that should be taken into consideration when deciding to opt for such a solution. What is listed and explored in this article best suits the TMCs that service SME customers.

Now, Part II will continue the suggested approach – covering more elements that should be considered. Enjoy!

Less than a month and we'll be working from a brand-new office in the City Center: Timpuri Noi Square. We are very happy with this choice and we are looking forward to starting our activity in the new location. 

So, let's explore together why we raised the issue of Collection in travel.

Let's consider the following figures:

Flight service:

• Ticket cost: 560 EUR
• Agency mark-up: 25 EUR
• Cost of sales for the ticket: ~ 15 EUR
• Profit before taxes: 10 EUR

• If the customer needs to be credited for 2 months with an average interest rate of 2% it means an additional cost of sale of : 11.2 EUR

  This translates into the following calculation:

• Ticket cost: 560 EUR
• Agency mark-up: 25 EUR
• Cost of sales for tickets: ~ 15 EUR
• Additional cost of sales for crediting: ~11.2 EUR
• Profit before taxes: -1.2 EUR (actually a loss)

*Note: This example is a simple theoretical one, just to exemplify the previous statement. Reality is more complex than that and it depends on multiple factors: economy, interest rate, sales channel, conversion rate, technology used etc.

TINA mid back office system updates

Statement of accounts

In the last version of TINA mid-back office, we have developed the possibility to generate statements of the accounts payable or the accounts receivable, with a certain partner, in a certain period.

This option can be very useful for the Financial department, to generate, analyze and send to partners, the balance for the accounts payable (all the confirmed supplier invoices and the associated payment documents) or accounts receivable (all the issued client invoices and the associated cashing documents).

The Statement of account section can be found in the Financial Module and before generation, users should select:

• the period
• the entity: corporate or supplier
• the document type: detailed, outstanding or both, as per the following image:

This article explores the most important facts and features that should be considered by the TMCs servicing small and medium enterprises, when looking for a corporate self-booking tool.