No limit to the sources of data which can be imported, or outputs of workflow that can be managed within this data.

Each SmartARC solution is managed alongside each client’s data source to provide an inherent “off the shelf” package but with bespoke considerations worked within the client’s requirements, enabling revised processes to be employed to maximum benefit to suit the client’s needs

Streamlines the finance function, providing stronger control and more accurate and accessible information

Reduces time consuming manual processes relating to reconciling cash receipts and payments and replaces time consuming matching of supplier invoices to specific costs, thereby reducing the likelihood of manual errors

Replaces the previous lack of clarity and inability to reconcile to the required transaction level

Enables tasks to get completed within appropriate timescales required by the business, thereby relieving pressure on the finance team

Provides firm system controls in key points, thereby reducing the client’s dependence on outdated and inaccurate manual working practices

Provides client with a single system to manage margin accounting, reconciliation and control, with summarised P&L / BS postings made to client’s accounting software

With much easier reconciliations, users can look at simplified exception reports, instead of running large reports with all data, and deal with exceptions instead of doing reconciliations

The audit trail provides greater transparency of the transactions behind accounting entries

Improved management control for the client will arise from more timely processing, elimination of manual errors, faster reconciliations and improved control reports

SmartARC has a core design with functions tailored for different business segments and target markets, notably:

TravelARC – accounting for sales and revenue as principal or agent together with travel fulfilment costs within gross profits and gross margins

FlightARC – accounting for passenger and cargo sales and revenue, together with all fixed and variable flight costs to client defined marginal contribution level

SmartARC will, where relevant, perform matching and reconciliation routines. EG, card payments and receipts from client’s bank , will be reconciled to the expected payment or receipt value in the booking data. The outcome from this will be:

• Exception report
• Control report
• Output to client’s accounting system

Exception reports will highlight differences between input data and expected results, e.g. a booking with a payment type of “Bank” does not match to the Bank input file, the details would be included in an exception report. After the processing of inputs and subsequent reconciliations, output files for the customer’s accounting package will be produced. Files can also be pushed back into the booking engine or other software if relevant.

Control reports will provide the audit trail and the supporting evidence for items posted to the customer’s accounting package. It will provide the booking analysis for the following control reports: Debtors control; Creditors control; Deferred revenue reports; VAT from margin postings. Others will be identified during the discovery phase.