IATA’s CASS is aimed at simplifying the billing and settlement of accounts between airlines and freight forwarders through a web-enabled e-billing program, the electronic air wabills, e-AWB. Late 2016 CASS was operating in 93 territories worldwide, helping airlines, general sales and service agents (GSSAs) and forwarders settle a combined US$26.4 billion in freight-related transactions.
IATA’s Cargo Accounts Settlement Systems (CASS) has no also gone live in Russia, in partnership with Russian bank VTB and carrier Aeroflot.
Rafael Schvartzman, IATA’s Regional Vice President for Europe:
“IATA’s CASS links Russian aviation to a massive global network, bringing tremendous efficiencies to airlines and freight forwarders. This is a very significant development that will help speed up air cargo shipment times, improve efficiency and reduce costs for airlines and shippers on flights to and from the Russian Federation.”
Victoria Vanurina, VTB Bank board member:
“The CASS program rollout in Russia will ensure increased effectiveness and efficiency of the settlement process between Russian airlines and freight forwarders and, therefore, will facilitate further integration of Russian airlines into the global air transport industry.”
Related posts
- Five big benefits of UBL e-invoicing for the receiver
- OneTrail and Esker receive UBL Ready label; now 96 participants
- Euro Retail Payments Board (ERPB) issues interim report on the EIPP/EBPP landscape
- Show the world your “UBL Readiness’ with this FREE label: 93 providers already do
- EU E-invoicing Standard gets unanimous approval, with 4 BIG adoption barriers
- Philippines Joint Foreign Chambers propose mandatory e-invoicing before 2022
- New CEF Telecom e-invoicing call for proposals opens at 28 June
- >100,000 suppliers -have to- use FACe, Spain’s B2G e-invoicing platform
- Australia’s first end-to-end UBL electronic invoicing experiment is a fact
- Jordan adopts Korean e-procurement system
