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CloudMoyo Interline Settlement System (ISS)

inden CloudMoyo Inc

Automate revenue settlement processing and dispute resolution in the rail transportation industry.

The CloudMoyo Interline Settlement System (ISS) application addresses the challenges in rail freight interline settlements by automating key processes, pre-empting errors, reconciling all sources, and exchanging relevant data with CISS in an industry-prescribed format. It provides a flexible platform with an intuitive interface capable of providing role-based access to multiple hierarchies and acts as a single source of truth. This allows you to manage interline freight revenue efficiently and accurately, while accelerating revenue recognition.


Challenges Solved with CloudMoyo Interline Settlement System (ISS)

  • Onboard technical capabilities to participate in a centralized ISS process.
  • Increase in interline claims and disputes due to manual errors and system lapses in settlement data.
  • Non-existent mechanism to settle overcharge claims exceeding the CISS-prescribed claims resolution timeline.
  • Disparate data sources that lead to heavy dependence on technical staff, resulting in a higher settlement cycle time.
  • Poor data validation and error management owing to the lack of a robust EDI messaging capability.

Benefits of CloudMoyo Interline Settlement System (ISS)

  • Complete automation of the interline settlement system.
  • Shorter revenue lifecycle, reduced disputes, and improved throughput.
  • Compliance with AAR, RAR, and ISS front matter.
  • Comparison of revenue waybill versions between route participants.
  • Better risk management through sound dispute management process.
  • Improved operating efficiency with up to 97% concurrence in the first settlement.

Overblik

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