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SIS Goes Live

The first quarter of operations (Q4 - 2011) in SIS has generated impressive numbers:

• 232 companies (53% of total ICH and ACH members) signed the SIS agreement
• 62 members  have started submitting invoices through SIS
• 17 more members have successfully certified test files and are ready to migrate
• 50,510 invoices have been processed
• 1.68 Billion USD in value for settlement processed
• 367 companies have been billed by their partners through SIS
• Up to 24% of the total ICH settlement value each week comes from SIS
• 37 countries where SIS is legally compliant for e-invoicing as certified by PWC 

SIS-at-a-Glance 

An electronic invoicing system that optimizes the interline billing & settlement processes, eliminates paper, and reduces costs.

While the airline industry has achieved 100% Electronic Ticketing (ET) and the Clearing House has eliminated paper from the clearance process through the ICH Web, the interline billing and settlement process is still using legacy paper-based processes.

By taking advantage of today's all-data world, the Integrated Settlement (IS) solution seeks to eliminate paper and simplify the entire process to allow for more effective exchange of transaction information between billing entities and their interline partners.

Development and Current Progress

SIS has gone live and is gearing up for the next release of functionalities - Cargo and UATP. Visit the Key Dates section for the key milestones in this next phase of SIS.