Lufthansa Systems has updated its revenue accounting solution SIRAX. The portfolio combines existing accounting and payment solutions from Lufthansa Systems with newly revised technical integration. The company said the revised portfolio is designed to “meet the complex needs” of airlines in the current environment.
“The SIRAX portfolio provides airlines with the essential tools required to manage the order payment, reconciliation, and accounting processes, enabling them to enhance their overall performance,” said Lufthansa Systems chief product owner financial & commercial products Tim Bruegmann. “This comprehensive approach improves financial accuracy and drives profitability in a highly competitive market.”
The portfolio includes airline payment orchestration and reconciliation solutions. In addition, the portfolio is complemented by two solutions: one providing comprehensive and automated accounting for passenger revenues, and another that streamlines accounting and settlement processes for airlines.