Advantage teams up with Travel Ledger to offer new payment system
Will PayneThe Advantage Travel Partnership will replace its 20-year-old supplier payments system with a new settlement platform using technology developed by Travel Ledger.
Announced during Advantage’s conference in Madeira on Saturday (30 April), the group will migrate from CAPS (Central Advantage Payments System), which has been used for the past two decades to facilitate payments between Advantage agent members and suppliers, to the the travel technology firm’s new platform.
The system will go live on 6 May and will gradually on-board members and preferred suppliers over the course of the year.
Paul Nunn, operations director for Advantage, said delivering business efficiencies and process improvements to the group’s members is "central to our proposition", and the initiative will "help drive significant benefits" to agents.
"Moving CAPS from its legacy platform to modern tech will add no end of value in speeding up members’ supplier payments and reconciliation processes and ultimately free up valuable time for them to focus more on sales and customer service," he added.
The new system will allow members to collate all their suppliers on the same, single-view platform, which, according to Advantage, will improve operational efficiency by removing the need for agents to reconcile multiple supplier statements and generate multiple payments.
Coinciding with the new platform going live with Advantage, Travel Ledger will also release additional functionality to make it easier for agents to integrate with back-office systems and third-party software such as Excel.
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