Bangkok Airways has outsourced the management of its critical financial processes to Accelya, a provider of financial and business intelligence solutions to the airline industry.
The scope of services includes the complete Book-to-Cash cycle including passenger revenue accounting, cargo revenue accounting, sales audit, card billing and miscellaneous billing.
The data from the financial processing will integrate seamlessly into Accelya’s EverestAir platform, to provide strategic MIS to all stakeholders.
“Accelya will be looking after our financial processes with speed, accuracy and quality standards that are the best in the industry," says Khun Viroj Satitharopagorn, Vice President – Accounting, Bangkok Airways. "We see great value in the strategic MIS that we will derive from the integration across financial processes.”
The engagement with Accelya will enable Bangkok Airways to integrate critical financial processes and account for all flight revenues through a single provider. The airline will also now be able to declare revenues accurately and on time.
Outsourcing the financial processes also allows Bangkok Airways to centralise and standardise credit card payments and achieve compliance benefits, including SSAE 16 and PCI DSS,
Further, the engagement with Accelya will enable Bangkok Airways to get strategic MIS across passenger, cargo, ancillary and miscellaneous revenues.
The benefits to Bangkok Airways will be delivered through Accelya’s solutions: REVERA NEXT Revenue Accounting, VIVALDI card management, FinesseMBSTM Miscellaneous Billing and Accelya Sales Audit.
"There is great value in taking an integrated approach towards the Book-to-Cash cycle for all revenues in the airline – passenger, ancillary, cargo or miscellaneous," says Vipul Jain, CEO and Managing Director, Accelya Kale Solution. "We also see huge value in the MIS that can be unlocked by transforming the data into actionable intelligence.”