graspTUESDAY
ARC Reconciliation Solution
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An easy and comprehensive solution that will help increase efficiencies in the ARC Reconciliation process by updating your back office and helping you meet your deadlines with confidence.
Address void ticket inconsistencies
Apply the vendor payment when the remit amount matches
Resolve contradictions reliably
Update commissions
Update tax amounts
Remove duplicates in back office
Boost accounting integrity and enhance business efficiency
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What is graspTUESDAY?
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Why is ARC Reconciliation important and why is it so difficult?
There are plenty of reasons as to why ARC reconciliation is important and needs to be taken seriously and done with care. But it is also notoriously difficult. Reconciliation in the travel industry, especially for TMCs, CTDs, and travel agencies, can be challenging due to many complexities such as exchanges, taxes, MCOs, etc. To add to the complexities that make ARC reconciliation difficult, it is also very time-consuming. The whole process can take anywhere from a few hours to having one FTE (or more) to accomplish, depending on your number of air transactions.
But there is a way you can overcome these challenges.