ADDISON, Texas–(BUSINESS WIRE)–Saudia Cargo, one of the largest airlines in the Middle East, has partnered with Revenue Technology Services (RTS) in the cargo division.
The partnership involves the implementation of a revenue planning solution, Foresighttariff solution, Accelerate, as well as a revenue management solution, Speed.
The three-pronged solution will be hosted in RTS’ private cloud environment.
- Foresight helps airlines determine the value of cargo within a schedule, set and track revenue and sales targets.
- Accelerate helps airlines negotiate optimal contract, spot, and fare rates, while generating fare schedules and providing real-time pricing.
- Speed forecasts short-term and long-term capacity and demand and assesses the profitability of each reservation.
Algorithms based on machine learning and AI (artificial intelligence) are the basis of all three solutions. With this, Saudia Cargo joins the growing cargo community at RTS.
Raja Kasilingam, President of RTS, said, “We are excited about this partnership as we begin to implement our three freight solutions at Saudia Cargo. RTS is proud to be part of Saudia Cargo’s strategy to provide the best products to its customers while maintaining sustainability on all fronts. »
This partnership demonstrates the leadership and willingness of both companies to challenge the industry norm and their goal to make significant improvements in the way air cargo is handled. This drives RTS to become the freight solution of choice in the airline industry, integrating advanced forecasting and optimization algorithms, as well as state-of-the-art features required to improve pricing, revenue management and planning. revenues.
Mansour Alasmi, Executive Director of Network and Revenue Management at Saudia Cargo, said: “In a continuous effort to be at the forefront of innovation, it is essential for us to use the latest technologies and embrace digitization; this can significantly improve the quality of our services, allowing us to reach new heights.
Mukundh Parthasarathy, Senior Vice President of Revenue Technology Services, added, “I am delighted to have Saudia Cargo, a coveted brand, in my client portfolio and the fact that they have chosen several solutions from our suite in says a lot about the capabilities and benefits of the solution suite. .”
About RTS: Revenue Technology Services (RTS) provides solutions and services that help their customers increase margins, improve customer experience, increase employee productivity, and support their growth. RTS solutions are aimed at the travel and transportation verticals to provide analytics, software solutions, consulting and training services, operations research capabilities, technology services and IT development support. RTS is headquartered in Dallas, Texas with offices in London – United Kingdom (UK), Cape Town – South Africa and Pune, Chennai, Hyderabad, Bengaluru, Chandigarh – India. To learn more about RTS, please visit www.rtscorp.com
About Saudia Cargo:
Saudia Cargo serves an extensive global network spanning four continents, 225 international destinations and 26 domestic destinations, operates a dedicated cargo fleet and offers ample cargo capacity on its passenger flights across Asia, Africa, Europe and United States.