[✈️ Travel]

Payment Operations for Travel & Hospitality.

Booking settlements, supplier payments across airlines, hotels, and DMCs, multi-currency handling, agent commission management, refund processing, and float optimization for travel companies.

<5 min
Refund processing
Multi-currency
Settlement
Agent
Commission engine
Real-time
Float tracking
✗ The Problem

What you're dealing with today

✗Booking revenue spread across 20+ OTAs, B2B portals, and direct channels - reconciliation takes a full-time person
✗Supplier payments to airlines, hotels, and DMCs require different payment terms, currencies, and advance schedules
✗Refund processing is manual - customer calls, agent logs in to bank portal, initiates NEFT, marks in Excel
✗Agent and franchise commission calculations done monthly in spreadsheets with constant disputes
✗TCS collection on overseas tour packages requires manual tracking per booking per customer
✗Float from advance bookings sits unoptimized in current accounts - no FD sweep or yield management
✓ SpacePe Solution

How SpacePe fixes it

✓Unified booking revenue reconciliation across OTAs (MakeMyTrip, Goibibo, Cleartrip), B2B, and direct - auto-matched to PNRs
✓Automated supplier payment scheduling with advance, balance, and post-stay settlement rules per vendor
✓Instant customer refunds via IMPS with automated status tracking and customer notification
✓Rule-based commission engine for agents and franchises - product-wise, destination-wise, with auto-TDS
✓Automated TCS calculation and collection on LRS/overseas packages with Form 27EQ generation
✓Treasury dashboard with booking float optimization - auto-sweep to FDs, maturity-matched to travel dates
[Features]

Purpose-built for Travel

Not generic finance software. Every feature built around how your industry actually operates.

🔄

Booking Reconciliation

Auto-match revenue from OTAs, B2B platforms, and direct bookings to PNRs and booking IDs. Flag discrepancies for commission, cancellation, and no-show adjustments.

💸

Supplier Payment Hub

Scheduled payments to airlines (BSP settlements), hotels (advance + balance), DMCs, and ground handlers. Multi-currency support for outbound suppliers.

↩️

Refund Engine

Instant customer refunds via IMPS. Automated cancellation penalty calculation. Airline credit shell tracking. Full refund audit trail per booking.

🤝

Agent Commission System

Tiered commissions by destination, product, season. Auto-TDS deduction. Monthly settlement reports per agent and franchise.

⚖️

TCS Compliance

Automated TCS calculation on overseas tour packages. Threshold tracking per PAN. Form 27EQ generation for quarterly filing.

🏦

Booking Float Treasury

Optimize advance booking float - auto-sweep to FDs matched to departure dates. Track supplier advance utilization and refund liabilities.

[How It Works]

Step-by-step workflow

1
Receive bookings across all channels
2
Auto-reconcile revenue to PNRs
3
Schedule supplier payments per terms
4
Process refunds with auto-calculation
5
Calculate agent commissions monthly
6
File TCS returns quarterly
7
Optimize booking float via treasury
"

We reconcile 15,000 bookings across 8 OTAs automatically now. Disputes dropped 80% and our finance team reclaimed 3 full days per month.

- CFO, Travel Management Company

[Platform Modules]

Everything activated for this industry

Reconciliation
Disbursements
Commissions
Tax
Collections
Treasury
Analytics
Refunds

[ Integrated with India's Leading Banks ]

Yes Bank ★
IDFC First Bank ★
RBL Bank ★
SBI
ICICI Bank
Bank of Baroda
PNB
HDFC Bank
Bandhan Bank
AU Small Finance Bank

★ Deep Integration Partners - Direct API connectivity

Get an industry demo for Travel

We'll show you exactly how SpacePe works for your specific use case.

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