Accelya, the leading provider of financial and business intelligence solutions to airlines, today announced that LATAM Airlines Group, the largest airline group in Latin America, has selected Accelya's REVERAPRA to standardize the passenger revenue accounting processes across the airlines that are part of LATAM Airlines Group.

The company has also been LATAM Airlines Group's partner for interline billing, audit & revenue recovery, card management and airline market share analysis.

LATAM Airlines Group is one of the largest airline groups in the world, flying 68 million passengers a year. LATAM Airlines Group's passenger revenue accounting is an important source of revenue information for its internal stakeholders to take business decisions.

"Given the large volumes, multiple airlines and geographical spread of the business, LATAM Airlines Group was facing the challenge of managing this information with desired quality and timeliness. Therefore, they decided to partner with Accelya to standardise their processes across the group," the company said.

Jordi Arcalis, chief commercial officer, Accelya, said, "This deal with LATAM Airlines Group reinforces our long standing partnership with them. I am confident that we will continue to add value to their business and support them in their growth."

Shares of the company gained Rs 8.5, or 0.91%, to settle at Rs 940.75. The total volume of shares traded was 1,079 at the BSE (Thursday).