The TOPAX Management Platform by Formula Travel Solutions is the best IT solution for the tourism industry. The platform includes three components for well-rounded success: distribution; management; and connectivity. These components were designed with six reasons in mind: customers, operations, suppliers, management, accounting, and Internet technology. These are the six reasons why the TOPAX Management platform works best for any tour operator, airline or wholesaler.

With the reliable TOPAX Management platform, customers can easily check availability, compare products and prices, make bookings, and receive confirmations, process online transactions and print documents. Customers can be automatically updated with new products, special offers and price changes. Great customer service and ensuring the best deals for clients is considered a trustworthy practice; trust equals sales.

Since TOPAX Management is an integrated system, developed especially by and for travel experts, it provides the full range of functions necessary for efficient, high-quality and profitable operations; from product planning through inventory management, sales activities, distribution, communications and accounting, to post-sale analysis. TOPAX Management handles both inbound and outbound operations in a single software package. With trip-centric, multiple reservation screens and a flexible relational database significantly increase operators' productivity.

TOPAX Management enables a search of many suppliers' inventories simultaneously, increasing availability and ensuring the best deals. In this way, product offerings are being constantly broadened while the number of transactions on the system is increased. Strengthening the ability to negotiate prices and rates in this way enhances a competitive advantage.

Also management efficient, from sales activity to profitability analyses and reporting, the TOPAX Management system allows information to be rapidly processed, helping to make decisions that keep a business one step ahead of competitors. Using the smart report generator, TOPAX Management collates detailed information for yield management, and presents the results with graphical clarity giving total control over a business-right down to the individual transaction level. This is the power to optimize a distribution and supply chain, find cost effective alternatives and cut margins.

TOPAX Management contains strong operational accounting facilities that are designed to handle operational accounts, receivables and payables, set up commission levels, update exchange rates, balance PNR accounts and generate accounting reports. The system enables accurate tracking of revenues and profits from sales activities, and customers' outstanding balances, to keep cash flowing and payments timely. Advance deposits and cash payments are automatically credited to the customer's account. TOPAX Management can also create and transfer journal transactions to external general ledger and accounting systems. Customer statements of account show current and outstanding balances and aging information, giving an immediate, real-time snapshot of a financial position.

TOPAX Management has been developed using the latest technology, combining ease of use with advanced processing power and connectivity. The software utilizes leading-edge, web-based technologies, XML and windows-style application screens. A comprehensive B2B Web site, fully connected and synchronized with TOPAX database, enables on-line presence and business, while eliminating the need to maintain duplicated data entry and system administration. All the information displayed on the Web site, is based on the regular TOPAX inputs, transformed/translated to a sophisticated Web site. A reliable combination of client/server architecture, a relational database and graphical user interface provide TOPAX Management users with reassurance that their mission-critical solutions will perform well in the information-intensive travel environment. TOPAX Management is a modular system that is scalable and powerful, yet affordable enough to fit any size of organization.

This article was written by http://www.formula-travel.com/. Formula Travel Solutions is the leading technology provider of advanced tour operator software and Airline Systems. Formula Travel offers the most comprehensive technology solutions for Tour Operators, Wholesalers and Airlines. Reproductions of this article are encouraged but must include a link back to http://www.formula-travel.com.