The Cologne-based consulting firm aye4fin has already supported many companies in developing and introducing innovative financial services and new business models. Now the fintech experts have also supported the HRS subsidiary DS Destination Solutions GmbH in expanding its existing business model with a payment solution.
Payment as a supplement to the existing business model
DS Destination Solutions offers an all-in-one software solution for the online marketing of holiday accommodation. This reduces the administrative effort for hosts to a minimum and maximises booking utilisation. The company, which has been on the market for more than 20 years, has the largest distribution network in the DACH region with more than 150 portals.
In order to further expand the offer to its customers, Destination Solutions has decided to complement its current offer with payment functionalities that process payments between guests, booking portals, agencies and hosts.
Introduction of an integrated payment solution
Supported by the fintech experts from aye4fin, DS Destination Solutions first outlined the new business model and then gradually rolled out its payment offering.
Based on many years of experience, aye4fin was able to support Destination Solutions in the RFP, the selection and subsequent integration of a suitable payment service provider. The choice fell on the payment service provider Stripe, with whose help Destination Solutions was able to quickly win its first pilot customers.
The outlook: Multi-Payout
After the successful technical and procedural integration of the payment system into the existing software offer and based on the positive feedback from the pilot customers, Destination Solutions and aye4fin now want to take the next step. By adding the so-called multi-payout functionality, all partners involved in the process (host, agency, agent and Destination Solutions) should be able to be paid simultaneously and earlier, and accounting processes should be streamlined.
Lars Brinkmann, CTO of DS Destination Solutions says: “Together with the fintech experts at aye4fin, we succeeded in offering our customers further added value through the additional payment offering. aye4fin helped us significantly in adapting complex payment processes to different customer needs and business models.”
