First & Final™ Interline Settlement
What is First & Final™ Interline Settlement?
First & Final™ Interline Billing is a fully integrated solution that helps ensure correct billing and allows for dispute-free settlements. It combines Neutral Fare Proration, COMPASS® data storage, Billing Value Determination, and Billing Value Confirmation with partner concurrence to accept interline billings without audit or adjustment. We make first-time billings final.
Benefits of First & Final™ Interline Settlement
- Seamlessly integrates with SIS
- Provides accurate pre-agreed billing values for speed, efficiency, and improved information management
- Improves cash flow through timely settlement
- Eliminates manual audits of qualifying coupons and down-line revenue adjustments
- Eliminates rejects and rebills
- Reduces the number of coupons to be audited for Sample Interline Billing
- Avoids interpretation disputes
About First & Final™ Interline Settlement
- Represents the next step in the Neutral Fare Proration concept, where the values are validated to insure correct billing and allows for dispute free settlement.
- Validates all values Fare, ISC, Handling Fee, UATP, and Interlineable Taxes
- Provides codes explaining why a validation failure occurred.
- Is used by our 42 global participant airlines to process almost 3 million records each month
- Represents an integral part of the current SIS infrastructure to facility simplified interline settlement.
