RUTHERFORD, N.J.--(BUSINESS WIRE)--Sept. 22, 2004-- Contracts Strengthen AXS-One's Position as Industry Standard for Electronic Records Delivery Solutions in the UK and Europe
AXS-One, Inc. (AMEX: AXO), a leading provider of records compliance management solutions, today announced that its UK subsidiary has signed three-year contracts with First Choice, My Travel, Thomas Cook, and TUI to provide a hosted service for the electronic delivery of confirmation invoices and related booking documents to UK travel agents. These four organizations are the UK's largest vacation tour operators and account for nearly 50 percent of all passenger bookings made by Civil Aviation Authority (CAA)-regulated UK vacation companies.
UK tour operators offering vacation packages that include air travel must hold an Air Travel Organizer's License (ATOL) issued by the CAA as a means of providing financial protection to customers. In 2003 AXS-One worked closely with the CAA, ATOL-bonded tour operators and travel agents to design an electronic invoicing system that meets the requirements of all parties. The authorization issued to AXS-One in 2003 by the CAA, allows UK tour operators and travel agencies to transform their paper based invoicing processes to electronic invoicing systems, reducing operational costs for all concerned. The system, hosted by AXS-One, centrally manages the delivery of invoices on both a next day and real time, point-of-sale basis, and provides a central archive of documents for six years.
Starting in early November 2004, the four major tour operators will use AXS-One's AXSPoint(R) electronic document system to deliver invoices and related booking documents to their travel agent customers. More than 25 million invoices are issued by CAA-regulated vacation companies each year and are currently delivered by surface mail to approximately 7,500 UK travel agents. With the AXSPoint system's ability to deliver and present these records electronically and make them available online, these companies can substantially reduce their processing and delivery costs, streamline operations and achieve higher levels of customer satisfaction.
"As First Choice, My Travel, Thomas Cook, and TUI are the largest tour operators in the UK, by default, they serve as the most accurate barometer of industry advancements," said Mark Donkersley, Group Managing Director for AXS-One in the UK. "By joining together to implement our AXSPoint system, they have placed their seal of approval on the solution and have again established best practices for their industry. We now look forward to helping many more UK and European vacation companies discover the value of the AXSPoint solution."
About AXS-One Inc.
AXS-One (AMEX: AXO) is a leading provider of Records Compliance Management solutions. AXS-One's compliance software solutions provide a platform for regulatory compliance, corporate governance and operational efficiency. Its Web Services-based technology has been critically acclaimed as best of class and its high-volume, interoperable, scalable and secure business solutions have been implemented by the global 2000. Founded in 1979, and headquartered in Rutherford, NJ, today AXS-One has offices worldwide, including in the United States, Australia, Singapore, United Kingdom and South Africa. For further information, visit the AXS-One web site at http://www.axsone.com.
AXS-One, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, AXS-Link and Tivity are trademarks of, AXS-One Inc., in the U.S.
All other company and product names are trademarks or registered trademarks of their respective companies.
CONTACT: AXS-One
Marie-Charlotte Patterson, 201-372-6243
mpatterson@axsone.com
or
Springboard Public Relations
Brian McManus, 732-863-1900 x 103
bmcmanus@springboardpr.com
SOURCE: AXS-One, Inc. |
