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Accovia Provides Travel Wholesalers with the Industry's Most Sophisticated Sales Contract Tool.


MONTREAL -- Travel Wholesalers Can Streamline Operations, Improve Forecasting, Maximize Yield and Minimize User Error by Automatically Enforcing Distribution Business Rules

Accovia Inc., the global leader in travel packaging technology, today announces the availability of its Sales Contract Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.
 Tool. With the Sales Contract Tool, travel wholesalers and tour operators can now streamline distribution agreements, facilitate distribution control and maximize yield, even on high volume inventory. The Sales Contract Tool is designed to provide better forecasts by product, client and market, as well as automate To turn a set of manual steps into an operation that goes by itself. See automation.  and enforce payment policies such as minimum deposits, cancellation and change fees.

"With the Sales Contract Tool, Accovia's customers can manage high volumes of travel inventory with minimal user error across a broad amount of retail partners and channels," said Claude Claude , Albert 1899-1983.

Belgian-born American biologist who was among the first to use the electron microscope for biological research. He shared a 1974 Nobel Prize for developing methods of separating and analyzing cell components.
 Guay, president and chief executive officer of Accovia. "Travel wholesalers can now assign simple and complex travel products to specific clients, client grouping, or market segments as well as automatically enforce the selling and payment rules related to individual and packaged travel offerings."

Contract levels

The Accovia Sales Contract Tool can assign contracts to independent agencies, agencies within chains, or chains. Currently, 2 basic types of contracts are offered:

Generic partnership contract between 2 or more parties (Includes 3 conditions)

--Sales Conditions - Commissions are defined and enforced for agencies and/or chains.

--Product Conditions - In addition to enforcing standard sales conditions, the travel wholesaler can grant agencies and chains access to designated products and packages as well as assign them to specific markets. Wholesalers can also allocate To reserve a resource such as memory or disk. See memory allocation.  a specific quantity of product and package inventory to designated agencies, chains and brands within specified markets.

--Payment Conditions - Payment conditions such as minimum deposit, final payments, cancellation and modification fees are automatically enforced.

Reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers.  Contract - for inventory allotments on risk or not on risk

--When wholesalers allocate risk inventory to agencies and/or chains, the contract automatically generates bookings for risk inventory to better manage revenue forecasts and yields.

Sales contracts interact with Accovia's Selling System Platform from any interface, allowing a seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  that facilitates distribution control and yield management across clients. For each product or package assembly, the client has the ability to specify rules for the offer as well as the functions available to the end-user to completely automate the distribution process which minimizes user error.

Automating all of the components of a packaging solution is critical today as travel service providers realize the financial and commercial benefits of offering custom packaged travel services to consumers. Accovia's packaging technology and solutions allow travel service providers to optimize optimize - optimisation  revenue and margins through a selling and distribution platform for multi-component travel services with a control center for booking and pricing behavior and a sales contract tool to streamline distribution agreements. Accovia's solutions automate the generation of mark-ups and discounts, simplify complex commission and rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges.  schemes, and maximize selling and distribution while minimizing cost and user error.

About Accovia

Accovia Inc. is the leading provider of travel packaging technology for the travel industry. The company offers the industry's only Travel Package Management product suite for procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
  • Procurement, a business process to acquire goods or services.
  • Procuring, the act of aiding a prostitute in the arrangement of a sex act with a customer.
, packaging, selling and distributing multi-component travel services through GDS GDS Global Distribution System
GDS Google Desktop Search (Google)
GDS Goodie Domain Service (Vienna University of Technology, Austria)
GDS Guards
, call center, Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 and direct channels. Accovia's technology solutions enable travel wholesalers and retailers to significantly increase profit margins through the ability to dynamically create and customize travel packages, which are then sold under a single price. The company provides the only complete travel distribution service that cost-effectively connects travel marketers and distributors to GDSs and Internet travel channels using a single connection. Accovia's technology solutions can be fully customized and privately labeled to accommodate diverse business models. More than 40 travel companies in 8 countries use Accovia's technology to send over 25 million people on trips each year. Founded in 1985, the company has offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and France. For more information about Accovia visit www.accovia.com.

Accovia is a trademark of Accovia Inc. Any other marks used in this document are trademarks or registered trademarks of the manufacturers or marketers of the products with which the marks are associated.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 27, 2004
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