Saudia Cargo improves financial planning

Saudia Cargo has partnered with Revenue Technology Services (RTS) to improve its financial planning and efficiency.

The partnership entails the implementation of revenue planning solution Foresight, pricing solution Accelerate, and revenue management solution Velocity.

Foresight helps airlines to determine the value of cargo in a schedule, set revenue and sales targets and track them, Accelerate helps airlines to negotiate optimal contract, spot, and tariff rates along with generating rate sheets and offers real time rating, and Velocity forecasts short-term and long-term capacity and demand and evaluates each booking for profitability.

Sound Machine learning and AI (Artificial Intelligence) based algorithms are the base for all three solutions.

Raja Kasilingam, president of Texas, US-based RTS, commented: “We are quite excited about this partnership as we begin implementing all three of our cargo solutions at Saudia Cargo. RTS is proud to be part of Saudia Cargo’s strategy to provide the best products to their customers while maintaining sustainability on all fronts.”

Mansour Alasmi, executive director of Network & Revenue Management at Saudia Cargo, commented: “In a continuous effort to be at the forefront of innovation, it’s essential for us to utilize the latest technology and embrace digitization, this can uplift the quality of our services significantly allowing us to reach new heights.”

Rebecca Jeffrey www.aircargonews.net