Travel LED

To resolve these below issues pertaining to the travel industry, StoutWeb has developed a single platform which named as “Travel LED”.

Managing product inventory

As of now, more than 80% travel agents are using Excel or any other manual process to maintain their product inventory which is tedious to manage. We have developed a centralized cloud space for travel agents where they can manage their inventory in all manners they want to display to customers, on a website, mobile app or preparing quotations. They can manage inventory in multiple languages, multiple currencies, multiple cities, multiple accommodations for multiple pricing i.e. a single travel package can have multiple pricing for different accommodations.

Accessing live inventory prices and Comparing prices with di?erent suppliers

It’s a common challenge for all travel agents to get the best price and availability of accommodation and transport for any booking. Generation of a single lead and to decide on that through the traditional process of contacting the suppliers is time taking and hectic. In Travel LED we have integrated the marketplace for them to get live inventory availability and multiple pricing for each option which is the simplest and robust technique to book any accommodation or transport for any lead and at the same, they can send multiple quotations to their customers on a single click.

Lead management and tracking

Lead management, tracking, and reporting are the major edge of any business. A good lead management skill is the key to a healthy and successful business. But, most of the travel agencies are deprived of it because of their dependency on offline processes. The offline process to manage the lead doesn’t provide easier access to the lead log information and thus they lag the improvisation of the strategies and revenue models. Travel LED will provide them a simpli?ed platform to manage the leads as well as the daily tracking activities. In addition, it will also enable them to manage reminders and notes for the follow-ups helping them to convert the lead.  The major bene?t of this product is easy to access to the historical data, which could be analyzed to develop the action plan for improvisation of the sales strategies, manpower utilization, supplier selection and revenue generation.

Preparing multiple quotations and managing quotations for multi-currency and multi-language.

Manual preparation of multiple quotations is not the appropriate tool in the era of digitalization. It comes with a lot of hectic and erroneous workload that could end being less professional. To track and manage the follow-ups adds on to the issues. Keeping a customer’s preferences on the opportunity list and regular follow-up of the opportunities is important for every business. Through Travel LED these issues could be managed through a simple wizard flow, and at the time of sending quotation you can access the live inventory price and update the price information accordingly. It will also enable you to manage the follow-ups and regular updates on each opportunity separately to keep your business needs up-to-date.

Timely monitoring and planning of income and expense

Monitoring the balance sheet while keeping a good relationship with the suppliers with the timely release of funds is a critical need for every business. But, the manual process of collection and release of money makes many travel agents lose their credibility and market reputation. The best feature available in Travel LED is to split both customer and supplier payments as per the date of your choice. The LED auto agent will send reminders to both customer and member for any credit amount which again is an automation process and reducing the human efforts to collect the credit amount from customers. You can get an option where you can track and get information regarding all your payments

Payment options

Hassles in payment option! We all know the consequences. In Travel LED you will get an option of online payment gateway. The quoted price will be available on the website and/or mobile App. For the offline bound buyers, you can send the invoice with the link to make the payments. Once the payment is received, the status will be updated automatically either as paid or pending payment.

Invoice and billing management Instant generation of invoice and payment receipt with proper tax calculation in proper format is as important as we are generating and managing a business. But many of the travel agents confront dif?culties and also invest a lot of time to prepare and maintain the status of invoices or payment receipts. In Travel LED you will get an option where you can send the invoice in a single click where you will get an auto ?lled prede?ned invoice and once the payment is made by the customer, it will send the receipt automatically. It will also enable you to manage the status of invoices like invoice are Draft, Paid, Unpaid and Overdue, following which you can send manual or automated reminders to your customers through the settings available in Travel LED invoicing system.

Instant Reporting, ROI, and PL accounting

To get a manual report for any speci?c segment is very critical, where we may refer multiple ?les to get a summarized report. For all business analysis, we require the summarized report with different parameters, and most important is to get the lead wise PL accounting report or ROI report for any sales or other investments. Travel LED comes with the feature to ease the access to any type of periodical and historical report for any segment.  It will enable you to get lead tracking report, book details report, customer or supplier’s payment report or PL account report. Which would further help you to analyze and take the appropriate decision to improve your business?

Accounting and taxation

Accounting and taxation part is a major factor for auditing and expansion of our business. And to manage our accounting and taxation system, usually, we do need a third party tool like tally. However, Tally is not developed as per the travel industry requirements, it’s a common application for retail and product based companies and is not a choice for service industries. Travel is a special type of service industry requires customized accounting application. Travel LED comes with the best solution without having the internal operation flow of accounts, which is more user-friendly and more robust to manage all your accounting and taxation activities. With minimum input, you can get all your required reports and automatically ledger entries for both suppliers and customers.

PRODUCT DEVELOPMENT ROADMAP:

Centralize Package management and CRM

1-Location management system

2-Accommodation pickup system

3-Package management and settings

4-Lead allocation and follow-up system

5-Opportunity and booking flow

6-Quotation sending and review

7-Payment splitting of customer and supplier

Invoicing and promotion management system

1-Invoice settings

2-Invoice formatting and stages

3-Taxation management system

4-Email/ SMS marketing tools

Centralize Database, Reminder and Reporting and API development

1-Universal URL

2-Client wise Login

3-MIS reports

4-Centralized reminder system

5-Flight, Hotel and Bus API development

Accounting & White Level

1-Day to Day accounting books

2-Ledger and Journal entries

3-Supplier accounting management

4-Accounting Reports

5-PL accounts and Balance sheet

6-White level complete portal for agents

AI-based BOT

1-ChatBOT for instance queries

2-Text BOT for supplier selection

3-Activity log BOT for updating

4-Reporting BOT for daily and periodical business reports