JR Technologies and Lufthansa Systems to cooperate on new financial management solution

Lufthansa Systems and JR Technologies plan to cooperate to provide airlines with an end-to-end solution based on Offer, Order and Financial Management, including payment and accounting. JR Technologies’ Travel Retailing Platform Aerostream is combined with various finance solutions from Lufthansa Systems, which will support the transition of airlines towards a single customer order record. This way, airlines can profit fully from the next generation of Offer, Order and Financial Management. The integrated solutions can be shown in a live demo where users can actively create bookings and perform accounting or settlements. “The goal of the cooperation is to enable airlines to move towards order-based processing and modernized airline accounting,"" said a statement from JR Technologies. “JR Technologies’ Aerostream is a modular and adaptable retailing platform specifically designed for unique airline needs. Built on NDC and ONE Order concepts, Aerostream’s Offer, Order and Financial Management solution helps airlines transition to a modern digital retailing model while getting the most out of existing legacy systems. “With multi-product basket capabilities, multi-channel retailing, and simplified integrations, Aerostream enables airlines to create a cohesive and convenient shopping experience where purchases and entire trip management can be homogenized in one order, boosting revenue and brand awareness.” “With the aviation industry evolving rapidly in modern airline retailing, NDC and ONE Order, we are happy to strengthen our partnership with Lufthansa Systems and present the next generation of Offer, Order and Financial Management together. Our end-to-end solution enables airlines to increase their revenue creating solutions that redefine the passenger experience and streamline airline distribution operations,” stated Theodora Tsinonis, CCO at JR Technologies. “At Lufthansa Systems, we pursue a modular approach with our finance solutions. This allows us to cooperate with Offer and Order Management partners such as JR Technologies. The modularity of our solutions and cooperations allows us to provide airlines with the most flexible solutions, adaptable and tailored to their specific business cases,” added Sebastian Holfert, Senior Product Owner Finance Solutions at Lufthansa Systems.