to Enhance Commission Processing . |
DALLAS and TONSBERG, Norway (November 6, 2006)
� Pegasus Solutions and Net Trans have entered into a new agreement designed
to enhance commission processing for travel agents, travel management groups
and online providers. With this relationship, Pegasus and Net Trans set
a new standard for hotel commission handling with the technology to deliver
an end-to-end automated commission process designed to increase the speed
of reconciling payments, facilitate automated banking functions and enhance
customer satisfaction.
Net Trans, a leading provider of commission handling services, currently serves more than 5,000 travel agent locations in more than 70 countries. Pegasus will play a vital role in improving Net Trans� current reconciliation service by centralizing payments and simplifying the overall process for the company�s travel agencies. Pegasus, a provider of commission processing to more than 40,000 properties, will receive an incremental boost in the amount of agencies it serves under the new agreement with Net Trans. �The relationship with Net Trans not only benefits the company and its agencies through automating the commission process, but it greatly benefits hotels as well,� said Mark S. Dubrow, Pegasus Solutions president, financial services. �Hotels are often inundated with the paperwork, banking costs and administrative responsibilities that come with reconciling commissions, and by leveraging Pegasus� technological capabilities and expertise in financial services, participating hotels and agencies alike will experience a seamless commission process.� The hotel commission process for hotels and travel agents worldwide is simplified dramatically by leveraging Pegasus and Net Trans� proven technology and extensive industry experience. The relationship between Pegasus and Net Trans will improve the quality of data transferred from travel agents to hotels allowing for a more efficient flow of payments and query resolution. This will also enable agents and hotels to import critical data used to manage their business. �We are extremely pleased to enter into this deal with Pegasus,� said Martin Jørgensen Net Trans chief executive officer. �Net Trans is continually looking for methods to better serve our customers and this relationship with Pegasus is a perfect match. By combining our efforts to streamline the commission process, this relationship will serve to benefit the entire travel industry.� Pegasus provides commission processing for nearly every major hotel brand and a majority of the world�s travel agents and distributors. Its global reach will also allow for delivery of funds to Net Trans� customers to be in their preferred currency and bank accounts in countries around the world. About Net Trans
About Pegasus
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Contact:
Julie Hines
Trond Sorensen � Net Trans
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