Accelya’s FinesseCost solution has been selected by Brussels Airlines, flag carrier and the largest airline of Belgium. Brussels Airlines had initiated a project ‘Digital Finance’ in 2014, with an aim to improve and modernize all processes in the finance department. They wanted a solution that could handle the complete Procure-to-Pay cycle- invoice processing, verification & validation, approval, accrual estimate and finally posting to ERP. They found FinesseCost an ideal choice. It centralizes and standardizes the payables process by automatically processing E- invoices from various suppliers and covers all streams of Digital Finance project.
Accelya's FinesseCost helps airlines efficiently manage their Direct Operating Costs (DOC). It streamlines the payables process by automatically processing E-invoices from various DOC vendors such as airports, ATC and fuel companies. FinesseCost accurately estimates flight's operational costs based on actual operational data and vendor contracts. It reconciles these estimated billings with the actual invoices to identify vendor overbilling. Near real-time reports help airlines in vendor analysis and facilitate better flight planning, expense budgeting and forecasting.
