TEL AVIV, Israel, December 12, 2022 – Travel technology and travel spend optimization leader Oversee announced today the general availability of AutoMCO, its Miscellaneous Charge Order (MCO) automation technology.
AutoMCO’s fully automated process significantly reduces work for travel management companies (TMCs) and frees teams to concentrate on additional value-added services for their customers. Issuing MCOs is a time-intensive and complicated process. Depending on the size of the TMC, it might have to process 10 to 100 of thousands of MCOs. For each 10,000 MCOs a TMC is coping with, AutoMCO will save 2,500 productive hours!
Besides immense time-savings, AutoMCO empowers TMCs to prevent costly leakage resulting from human error during the complicated issuing of MCOs. Such errors can also cause heavy financial penalties for the TMCs in the form of Agency Debit Memos (ADMs).
MCOs are required when flight tickets are exchanged to lower fares and residual amounts need to be credited to the travelers. This is an important service TMCs offer their customers to guarantee that such residual amounts are correctly accounted for. Wrongly issued or overlooked MCOs can impact the bottom line and satisfaction of TMC customers.
AutoMCO turns the traditional, manual MCO issuing into a fully digital and automated process – all done in a single platform and with a fast turnaround time. The integration process is simple and only requires the TMC to queue exchanged PNRs into AutoMCO, which validates the data, issues the MCO, and directs residuals according to any requested process. AutoMCO brings unparalleled flexibility and customization for supporting the various TMC operational requirements.
TMC legacy in-house solutions aside, AutoMCO brings innovation and automation to all TMCs regardless of their size. As a standalone product, AutoMCO is globally available and integrates with all TMCs and agencies using Sabre.