Stephen Griffiths from Flybe shares how Accelya implemented a revenue accounting solution, that should have take several months, in six weeks
Revenue accounting has become a critical function in the airline industry. In an increasingly competitive environment, revenue accounting can provide airlines with insights into business performance to take better informed decisions.
One airline that wanted to bring about improvements in its revenue accounting system was Flybe, a British low-cost regional airline group based in Exeter, England. The airline operates over 180 routes to 65 European airports and is Europe’s largest regional airline, carrying over 7 million passengers during 2013.
Flybe’s legacy system was developed 20 years ago and was completely out of date. So it chose Accelya’s REVERA for a much more modern approach, as well as its ability to be implemented quickly.
REVERA leverages enhanced workflow features and real-time processing to speed up revenue declaration. A built-in operational and accounting controls framework ensures compliance to risk management standards at all times.
Flybe had limited time to migrate to REVERA, and Accelya worked with the client to implement the solution in six weeks. “It should have taken several months,” says Stephen Griffiths, Head of Revenue Accounting at Flybe, as he talks about his experience with Accelya and REVERA, in this video.