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Icertis solution for airline SPAs

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Accelerate Execution of Special Prorate Agreements with Icertis Contract Management InterlInIng Agreements: the BAsIcs Interlining agreements, agreements between airlines that allow travelers to book itineraries using multiple airlines in a single transaction, are critical to success for today's air carriers. With the rise of electronic tickets and online travel agencies (e.g. Expedia), interline programs have proliferated among even small, regional airlines. Without an effective interlining program, air carriers risk losing customers to airlines who can deliver them to their destination without the hassle of booking multiple flights, transferring their own luggage at connections, etc. Interlining is so ingrained into today's customer expectations that many online travel agencies won't even display flight itineraries that can't be booked with a single carrier's system. sPAs: PuttIng InterlInIng terms to PAPer While interlining agreements make travel simple for customers, they entail complicated commercial terms between airlines. These terms are captured in foundational contracts called Special Prorate Agreements (SPAs). Data captured in SPAs include: • Settlement of ticket costs between carriers, and distribution of the airfare paid • Distribution and invoicing of passenger fees (e.g. charges for checked luggage) • Which airline should be considered the "plating" airline when a ticket is issued • Terms for payment to third-party travel agencies • Region-based distribution of tax liabilities associated with the ticket All told, SPAs can account for 20% or more of an airline's total revenue. Industry Brief Icertis, the leading enterprise contract management platform in the cloud, solves the hardest contract management problems on the easiest to use platform. With Icertis, companies accelerate their business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize their commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Qantas to manage 5.7 million contracts in 40+ languages across 90+ countries. For more information visit icertis.com.

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