TBA Group has announced that its TOS Billing Engine, developed by utilising best practices from all sectors of terminal operations, is now available as a stand-alone solution.
The platform, which is already operational in six continents, works by mapping multi-tier tariffs against the operational and storage activities performed by the terminal.
In addition to this, the TOS Billing Engine uses service requests and work orders to track incidental services and ensure that there is no revenue leakage.
Although terminal operating systems (TOS) can record billable activities and transfer this data to finance systems for invoicing, the automation of billing processes requires significant customization to deal with terminal-specific operations.
Customization, according to a statement, can be very costly and time consuming, while the alternative, creating manual line items for charges, requires error-prone manual processing.
TBA’s TOS Billing Engine can handle global or customer specific agreements, cargo handling activities and minimum volume contracts, as well as having the ability to generate invoices as part of its software.
TOS Billing Engine's global implementation (Credit: TBA Group)
The software also features an ad hoc report builder, allowing users to create their own reports.
While TBA TOS Billing Engine can connect to TBA’s CommTrac and Autostore products, the company is now willing to offer the service as a stand-alone solution, enabling terminals to explore the capabilities of the software.
A further statement from TBA read: “The return on investment calculation is a strong incentive for terminals to explore the capabilities of the software; customers report up to 10% reduction in revenue leakage and reduction in manual administration can significantly reduce headcount.
“Nowadays 25 terminals are using the TBA TOS Billing Engine to users’ satisfaction.”