#USA #London #Travelport #Farenexus #nexusCMT

Travelport Expands Its Offerings with Automated Commission Tool for Travel Agents

Travelport, one of the leading global technology companies in the travel sector, recently made headlines with its new automated commission tool designed to significantly enhance travel agents' revenue and operational efficiency. This innovative tool is the result of a collaboration with Farenexus, which aims to introduce a robust contract management solution known as nexusCMT into the Travelport+ platform.

Revolutionizing Commission Management

The introduction of nexusCMT promises to transform how travel agents manage their commissions. By providing real-time insights into commission earnings at the point of sale, agents can instantly identify the most profitable booking options. This not only empowers them to make smarter decisions but also helps to amplify their revenues. The key benefits include:

• - Boosting Revenue: Agents will have immediate access to real-time commission visibility, enabling them to recognize profitable booking opportunities quickly.
• - Reducing Errors: The automation of commission applications helps in minimizing the often costly errors associated with manual processing, such as Agency Debit Memos (ADMs).
• - Saving Time: Streamlined searches across various fare schedules allow agents to allocate less time to administrative tasks and more to servicing their clients.
• - Enhancing Client Service: With improved transparency and efficiency, agents can focus on delivering an exceptional customer experience.

Comments from Leadership

Fahim Khan, Senior Vice-President of Product at Travelport, emphasized the significance of this partnership, stating, "This partnership reflects our commitment to equipping travel agencies with smarter tools that drive commercial success. By integrating nexusCMT into Travelport+, we're helping agents reduce errors, improve transparency, and unlock new revenue opportunities through automation and real-time insights."

Ravi Panwar, CEO of Farenexus, echoed this sentiment, noting, "Our collaboration with Travelport is focused on empowering travel sellers with technology that simplifies complexity and drives profitability. This is just the beginning of what we can achieve together."

The Future of Travel Booking

As travel agencies continue to adapt to a fast-paced and evolving marketplace, the integration of nexusCMT into Travelport+ is poised to set a new standard in the industry. The automated, end-to-end management of commissions equips agents to navigate complex fare structures more confidently, enhancing both accuracy and potential earnings.

Developed by Farenexus's talented team of over 150 in-house developers, nexusCMT marks the first phase of a broader collaboration between the two companies. With more revenue-enhancing features on the horizon, this partnership is expected to yield significant benefits for travel agencies across the globe.

Currently, the integration is available to all Travelport+ customers, offering immediate value through smarter contract management capabilities that enhance profitability and operational efficiency. The advancement highlights Travelport’s commitment to innovation and technology that simplifies the landscape of the travel industry.

Conclusion

Travel agents are increasingly drawn to tools that not only streamline their workflow but also maximize their earning potential. With Travelport's new automated commission tool and its strategic partnership with Farenexus, the future looks bright for agencies wanting to enhance their service offerings. This integration is not just a step forward; it is a leap into a technologically advanced future in travel bookings.


Shopping results now include all applicable commission amounts calculated from agency commission contracts.