Global Innovations Travel Technology Alert: Tours and Safari Costing - effective cost management for DMCs and Tour Operators

Dubai – 1 May 2015: Tours and Safari Costing is a feature integrated with the Financial Accounting Module that can provide complete cost estimation solution. For companies that operate Tours and Safaris, finding out the total cost on each booking they make can become complicated, considering both the direct and indirect costs – factors that are sometimes hard to determine. As a business operator, it is important to understand this in order to gauge the right charge amount that will meet the company's target retention or sale. Proper allocation also plays a major role in getting accurate or actual costing, which is also a crucial element in negotiating the selling price.

The Financial Accounting Module helps you control your Tours and Safari costing by tracking actual costs in real-time. The system provides extensive information about cost at several levels (vehicle or driver) which gives you an overview to identify profit and loss.

This tool aids in effective cost management and ensures that your company is actually generating profit.

Source: www.godubai.com