Products

Online Budgeting Pack

Most of the travel agents still do their budgeting exercises using Excel Worksheets. Though many finance and non-finance professionals are used to working in Excel worksheets at times it can lead to errors. In a larger organization that has many different BU’s, multiple branches and multiple countries the budgeting exercise becomes more cumbersome. Consolidation of worksheets can be difficult if each branch and country prepares different formats and different currencies. In larger organizations, budget brainstorming sessions may continue for many days and there can be changes to the initial budget sheet every single day based on discussions during their sessions. Modifications or editing becomes another task for the budget presenter and the budget consolidator.

With OTL’s Budget Pack it is a lot easier to do budgeting using our customized online application which is integrated with E-Travel and Derive accounting software. Editing is instantaneous hence it is faster.

Receivable Management Tool

With 7 days payment cycle to IATA, it is paramount for all travel agencies to ensure a result-oriented receivable team which is responsible for payment follow up and collection of market outstanding. The team to be more effective, must have a well-automated system which helps their receivable follow up, statement submissions, invoice & credit notes dispatch etc. If this area is not controlled through an automated system, there is every possibility that the agency’s DSO may surge, and the cash flow may not be adequate to meet outflows.

With OTL’s Receivable Management tool, the receivable team will have abundant time for follow up because invoices, credit notes and statements of accounts will be triggered automatically through the system. The tool supports client wise collection projection, reviewer flow, Collection follow up and an activity screen. It works on E-Travel and Derive accounting systems.

Business Analytics Tool

Though most of the accounting software applications provide wide MIS features, only a BI tool can provide an end-to-end platform which includes data integration, user-driven business intelligence and conversational analytics by connecting multiple databases, multiple excel worksheets and any other third-party front office tools like online booking engines, reservation systems etc.

We have hands-on customization experiences in BI tools like Qlik Sense and Tableau