Car Rental
The globalization of businesses and growth in international tourism is changing the face of car rental industry. Companies are looking at expanding their operations across multiple geographies. This trend has created the need to standardize and integrate business processes to make organizations scalable for future growth. Moreover, rising vehicle costs are causing a rise in rental prices. To maintain their competitiveness, it is important for companies to lower their operating costs.
Infosys BPO’s Transportation Center of Excellence is focused on offering end-to-end solutions across strategic front office and back office processes.
- Replacement Insurance Coverage: Car rental companies have alliances with US insurance companies for providing replacement cars as a part of insurance coverage. Infosys BPO can help companies realize substantial value and benefits from consolidating and offshoring certain portions of this entire activity chain which includes billing the insurance company concerned, collections, cash application, reconciliation and verification of the policy holder
- Revenue Accounting: Car rental companies generate revenue from multiple channels and alliances such as travel portals, travel agents, hotels, airlines etc. Sales generated from these sources involve processing transactions for further action like raising bills on other airlines or hotels; reconcile payments received from the travel agents / portals, process refunds to customers, or to generate management reports based on data processed. Our solution on revenue accounting addresses the specific requirements of the car rental business including Proration, Accounting, Auditing, Reconciliation, Management Reporting, Inter-company Billing
- Fixed Asset Accounting: Owing to the nature of business, car rental companies acquire as well as create fixed assets on a year-on-year basis. These typically include fleet, parking facilities, fueling machines, maintenance equipment. Infosys BPO Fixed Asset and Project Accounting solution helps companies maintain fixed asset lifecycle in the F&A system including acquisitions, transactions, maintenance, period close
- Used car valuation
- Portfolio management
- Manufacturer reliability analysis
- Pricing analysis
- Enterprise Solution Offerings
- Accounts Payable, Accounts Receivable, General Ledger, Collections, Cash Application
- HR Outsourcing
- Customer Support