Air Namibia expands relationship with Accelya; selects cost management & flight profitability solutions.
MUMBAi – Accelya, the leading solutions provider of financial and business intelligence solutions to the airline industry, announced that Air Namibia, the flag carrier airline of Namibia has selected Accelya’s Cost Management (FinesseCost) & Flight Profitability (FinesseFPS) Solutions of FinesseSuite.
Air Namibia operates scheduled domestic, regional, and international passenger and cargo services. The airline was looking for a solution that could reduce their manual paperwork in their payable department and use their data & information to support fact driven decision making. The airline selected Accelya’s FinesseCost and FinesseFPS solution. The scope of services include automate processing of Clearing House (CH) and Non-Clearing House invoices, accruals, Direct Operating Cost (DOC) verification, workflow, accounting integration with ERP and a supplier portal which will be used by airline’s suppliers to input their (bilateral) invoices.
Speaking on the occasion Ms. Marilyn Nel, Manager Finance, Air Namibia said, “Accelya has been our service provider for REVERA PRA, VIVALDI & eSmash. They have proven themselves to be a trusted partner and a valuable part of our team. We are very confident that their cost management and flight profitability solutions will help us automate entire procure-to-pay cycle and provide us with accurate and timely information about flight profitability”.
FinesseCost & FinesseFPS will enable Air Namibia to:
- Centralize, standardize and simplify payable invoice process through automation
- Prevent cost leakages thus improving cash flow and profitability with auto-verification of inward invoices
- Reduce manual effort and cost involved in invoice distribution and verification
- Accurately and timely calculate flight Direct Operating Costs
- Quick reporting with reasonable accuracy and adequate analytical dimensions
- Identify network profitability using origin and destination (O&D) analysis
- Create report of various KPIs such as RPK, Load Factor. This acts as a complete CFO Dashboard.
Speaking on this occasion, Ms. Neela Bhattacherjee, Head – Airlines SBU, Accelya Kale Solutions said, “We are extremely pleased with Air Namibia’s decision to expand its relationship with Accelya. We appreciate that they have put their trust in us to manage their Direct Operating Cost environment and flight profitability information. We look forward to a long and successful relationship”.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
