Industry Partners

IATA closely works with many industry partners and proposes financial services for an efficient collaboration. 

Settlement

• Simplified Invoicing and Settlement (SIS): Interline billing and settlement processes optimization - Direct link to hundreds of airlines - Removes paper.
• IATA Clearing House (ICH): Fast debt collection - Protection against bad debt and bankruptcy
• Travel Industry Exchange Settlement Solution (TIESS): Electronic invoicing service - Multi-currency e-Settlement - Prompt reconciliation.
• Exchange Rates: Rates used by the industry for selling tickets & settling interline billings.
• Cargo Account Settlement Systems (CASS): Settlement of cargo sales from agents and freight forwarders.

e-invoicing

• SIS e-invoicing: e-invoicing  for core suppliers and airlines with optional settlement services

Payment

• Enhancement and Financing (E&F): Increase in recovery rates - Reduction of administrative costs -  Improvement of financial reporting.