Midoco Unveils Significant System Enhancements to Elevate Travel Agency Efficiency

Hamburg, 22.10.2024 – Midoco, a leading provider of Midoffice solutions for travel agencies, is excited to announce a series of comprehensive updates to its platform. These new features and enhancements are designed to improve functionality, streamline operations, and offer expanded capabilities to travel businesses. The updates focus on better navigation, improved financial integration, and enhanced reporting features, among others.

Key Highlights of the Latest Midoco Update:

• Midoco Facelift – Revamped Navigation: A redesigned, more intuitive navigation experience within the Midoco platform for seamless user interaction.
• Ratehawk Push Interface: A new interface that allows travel agencies to use Ratehawk across multiple units or collaboratively among different agencies, streamlining the use of this popular tool.
• Creation of Virtual Credit Cards: Agencies can now easily generate virtual credit cards for payments, improving transaction efficiency and security.
• Foreign Currency Client Reporting Client-facing reports such as excel invoice statements and ageing reports are now available in the client’s local currency, enabling the agencies to serve any foreign currency client irrespective of their location and currency.
• Additional Accounting Options: Agencies now have even more options to define flexible revenue recognition rules. Especially with regards to changes and/or refunds/cancellations, Midoco now offers more settings to define the point in time when revenue and expense is recognized.
• Supplier Reconciliation Enhancements:
  • Improved revenue management capabilities for tracking commission revenue, with the expected earnings displayed in both local and foreign currencies.
  • Enhanced options for manual preparation of remittances.
  • Ability to verify and post multiple electronic supplier statements simultaneously for faster processing.
  • Custom Fields for Document Creation and Reporting (RepExport): New custom fields can now be added for invoice creation and reporting, giving agencies more flexibility in how they manage their data.