Air Canada has signed an agreement with Mercator, a Dubai-headquartered provider of software and technology-enabled outsourcing solutions to the aviation industry, to manage and optimise its revenue accounting system for cargo operations using Mercator’s RAPID Cargo solution.

RAPID Cargo is a cargo revenue accounting solution that gives airlines the tools to efficiently manage their complex cargo operations, by providing them with a clear view of how their businesses are performing. It quickly and accurately transforms the data on cargo air waybills into a stream of financial and strategic information.

“We reviewed and evaluated several cargo revenue accounting solutions on the market, and ultimately chose Mercator for its track record in rapidly responding to the changing financial needs of airlines by using the latest industry-tested technologies,” said Chris Isford, vice president and controller, Air Canada. “We sought amodern, reliable and robust framework to handle our revenue accounting processes, and RAPID Cargo enables us to handle the most complex revenue accounting demands with speed, accuracy and profitability.”

Bernard Donoghue, chief commercial officer, Mercator, added to say, “Air Canada joins agrowing community of more than 60 air carriers worldwide that use RAPID to manage their revenue accounting as they seek innovative ways to streamline their businesses and reduce costs in challenging economic times.”

Air Canada and Mercator have begun work on the RAPID Cargo implementation and the airline is scheduled to migrate to the new system in the fourth quarter of 2015.