Welcome to Navigatum!
We are a resource provider, focusing in assisting the travel industry to navigate through the complexity of today's distribution environment in order to reduce costs in general and in particular distribution costs.
We have the capability to provide integrated solutions ranging from strategic frameworks and concepts to fully featured e-applications and software programs based upon our existing portfolio of products & services or upon bespoke requirements.
We specialize in outsourcing, acting as a third-party company for clients who wish to farm-out some or all of its non-core business activities, especially in the data mining/processing department.
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Distribution Cost Management
If your company is serious about reducing its distribution costs, all transactions related to the booking and payment processes need to be made transparent…
The Global Distribution Systems (GDS) generate raw booking data in the shape of Billing Information Data Tapes (BIDT).
Navigatum is currently processing BIDT for the Airline, Car rental and Hotel industries with stunning results.
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Outsourcing Management
If your company is serious about lowering its production costs and making better use of available resources, farming-out e.g. the BIDT process to a subcontractor will be very rewarding...
Navigatum is currently engaged in remotely processing and analyzing BIDT for travel providers who use the GDS to sell their products through.
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Liability Reduction Management
If your company is running a loyalty scheme, you must be aware of the new auditing rules, which will force the scheme to find new ways to burn outstanding points/miles faster and in higher quantities than ever before in order to reduce liability…
The International Financial Reporting Interpretations Committee (IFRIC) issued in late 2008 a new interpretation, known as 13, and entitled “customer loyalty programs”.
In essence, it instructs issuers of loyalty “currencies” to separate revenue between income attributable to the actual product or service provided and the portion of the income used to “buy” the loyalty component. “All” of the revenue attributed to the loyalty component is to be accrued and may only be taken as income, by the scheme, when the customer redeems its miles/points.
Unclaimed miles/points are from now on being regarded as a liability to the owner of the loyalty scheme.
Navigatum is currently advising the Airline and Hotel industries about available Lower end-redemption concepts & tools to apply in order to reduce IFRIC13 liability with healthy results…
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