KLM successfully migrates to revenue accounting solution from Lufthansa Systems
- Introduction of Sirax AirFinance Platform completed for Air France-KLM
Lufthansa Systems announced that with the introduction of the Sirax AirFinance Platform for the Dutch airline KLM, it has finished implementing the new revenue accounting system for the Air France-KLM Group. The group had opted to modernize its financial management system with the IT solution from Lufthansa Systems. This integrated system will enable Air France and KLM to optimize their financial management processes. KLM is already a long-standing user of Lido/Flight, the flight planning system from Lufthansa Systems.
“The Sirax AirFinance Platform will standardize the revenue accounting systems and processes of both airlines and simplify our internal billing,” explained Jean Claude Isabel, AF-KLM Overall Project Manager. Lufthansa Systems previously introduced the Sirax, SiraxCredit and SiraxView modules for Air France and has now done the same for KLM. This new system has completely replaced the old Impala revenue accounting system developed by KLM.
Countering Cyber Attacks with Big Data and Analytics
The Sirax AirFinance Platform from Lufthansa Systems is the first integrated platform to optimize all of an airline’s financial processes. With this system, Air France-KLM can achieve significant cost savings in the field of financial management. Ticket sales are automatically compared with actual flight data, and integrated sub-processes support the billing of interline flights among different airlines, enabling actual revenues to be determined quickly.
The supplemental SiraxCredit module fully automates all bookkeeping processes and the billing of transactions by credit card or electronic direct debit. SiraxView is a classic management information system which can analyze how certain marketing measures will affect revenues, for example. Close coordination between the IATA and Lufthansa Systems has ensured that the solution not only meets the current standards but also takes account of the latest developments like SIS (Simplified Interline Settlement) and EMD (Electronic Miscellaneous Document).
“Now that we have introduced Sirax at KLM, all of the airline's own systems have been replaced and we have successfully completed the migration process for the Air France-KLM Group. Impala alone was used for over 28 years. This clearly shows how much the airline trusts our product and services, and it has strengthened our cooperation with the Air France-KLM Group. With Air France and KLM as close, long-term customers, we can consolidate our position in the European market,” said Marco Cesa, Senior Vice President Regional Management Europe at Lufthansa Systems.
The Air France-KLM Group consists of a holding company and several airlines which have retained their own brands and identities. Together, Air France and KLM have an extensive global network with hubs in Paris-Charles de Gaulle and Amsterdam-Schiphol. The Air France-KLM Group currently serves 224 destinations worldwide with a fleet of 600 aircraft and carries 74.5 million passengers each year.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Lufthansa Systems AG