Derive

Derive is a solution designed to simplify and streamline travel management processes for travel companies. According to the vendor, Derive is suitable for travel companies of various sizes, from small agencies to large enterprises. The product is used by travel agents, travel management companies, tour operators, online travel agencies (OTAs), and corporate travel departments.

Key Features

Multi-Currency: According to the vendor, Derive allows users to manage invoices in customer's/vendor's currency regardless of the local currency. The integrated system provides up-to-date Rate of Exchange (ROE) information, enabling users to automate the posting of ROE differences for easy closure of Profit and Loss statements. Additionally, users can generate reports in any transaction currency.

Inter-Branch: Derive offers the ability to obtain consolidated or individual financial statements of various branches. Customers can conveniently make payments at a branch of their choice for invoices from another branch. The software allows users to book expenses from any branch and effectively manage branch receivables. Users can also departmentalize branches as cost centers to track individual profitability.

Multiple Integrations: Derive offers integration capabilities with Global Distribution Systems (GDS) like Sabre, Amadeus, and Galileo, automating the invoicing process. The software can seamlessly integrate with any Online Travel Agency (OTA) in real-time. Additionally, Derive can be easily connected to other systems such as Business Intelligence (BI) tools, Human Resource Management Systems (HRMS), and Visa Systems.

QC & DMS: According to the vendor, Derive includes a quality check process to reduce transactional errors. The software automatically attaches support documents with invoices and provides a Document Management System (DMS) for easy attachment and access to related documents.

MIS Reports: Derive allows users to generate horizontally and vertically extendable pivot tables for comprehensive analysis. The software provides intuitive dashboards for quick analysis of business performance. Users can export reports to Excel for further analysis and easily generate final reports with a single click.

Sales & Invoicing: Derive enables users to record sales separately for each service and generate individual or collective invoices. The software ensures CTA BTA compliant invoicing and offers customization options for invoice printing based on customer preferences.

VAT & GST: According to the vendor, Derive allows users to configure tax calculations according to country-specific tax rules and easily incorporate periodic tax amendments. Users can print invoices and reports based on tax guidelines and simplify tax return submission with automated tax reports.

Accounts Receivable & Payable: Derive provides features to keep track of customer payment and invoice history. Users can stay up to date on receivables and payables with aging reports. The software automates reconciliation by registering payments directly from invoices and bills. Additionally, users can implement a Credit Limit Management System to efficiently control credit to customers.

BSP Reconciliation: Derive streamlines the reconciliation of the Billing and Settlement Plan (BSP) payable by allowing users to upload statements. The software facilitates the posting of Additional Debit Memos (ADM) and Additional Credit Memos (ACM) entries separately with minimal effort. According to the vendor, Derive offers a user-friendly and interactive screen for posting entries and clearing discrepancies.

Financial Reports: Derive provides advanced final reports to meet audit requirements. Users can access consolidated or individual reports of branches. The software enables the generation of detailed and dynamic General Ledger Reports. All reports can be exported in XLSX or PDF formats as required.