IATA Selects alterna's Financial Supply Chain Solution
IATA provides a worldwide network of airline industry distribution and financial services, serving a community of over 400 airlines and 100,000 combined passenger and cargo agents in 145 countries. In 2000, IATA managed global invoicing and settlements of sales proceeds in 85 currencies with a combined value of USD 147 billion. IATA is rolling out an initiative to provide integrated distribution and financial services. The Internet-based solution allows a trading community of companies and banks to exchange transactional information and services, thereby integrating these into their financial supply chain work flows, encompassing key capabilities such as cash and liquidity management, reconciliation, payment settlement and clearing, netting, forecasting, online reporting and monitoring.