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SIS-compliant FinesseMBS prevents non-transport revenue leakage
Inward billing is a largely manual process. A number of airline billing divisions capture invoices from other airlines and third-party service providers manually. The divisions work in a decentralised manner, use legacy systems, and follow different accounting practices. The lack of automation leads to incorrect data entry, resulting in revenue leakages and higher rejections. This makes inward billing process challenging and expensive.
FinesseMBS provides a powerful and configurable interface that streamlines the inward billing process cost-effectively. The system automatically loads invoices, and resolves expense codes according to the configurations set by accounting. The invoices are then seamlessly routed to appropriate departments or people for approval, partial rejection or rejection. Rejected invoices are automatically sent to SIS in the current settlement cycle.
FinesseMBS also provides the capability to track correspondence cases and raise invoices once the correspondence is completed on the IS WEB. All invoices are automatically posted to the ERP to avoid duplicate invoice entry.
FinesseMBS provides a single integrated invoicing and settlement process across business units. Result: standardised billing and accounting practices, faster invoicing and approvals, and fewer errors and rejections.
FinesseMBS’s workflow management module enables electronic approval / rejections of invoices across an airline’s divisions, departments and locations. An airline will have the capability to configure its own workflow process based on business parameters such as invoice type, category, department owner, invoice value etc. This saves the time and cost involved in distributing physical invoices.
FinesseMBS has a powerful accounting module that allows airlines to configure revenue and expense codes according to internal charts of accounts. All invoices are posted to the ERP, eliminating duplicate entries.
Head of Revenue Accounting
Biman Bangladesh selects Accelya Kale’s FinesseMBS solution