SITA has launched a new suite of purpose-built direct operating cost accounting solutions known as ‘AeroCost Manager’.
The company said the solutions deliver “real-time cost management and invoice control for every dollar of aircraft expenditure”.
“Keeping on top of costs in the aviation industry isn't easy, and yet it's essential for managing the financial success of operations and future route planning,” said Martin Smillie, SVP of communications and data exchange at SITA.
“But most direct operating costs are still handled manually and aren't centralised. That's not only ineffective for budget control but also opens up an airline to inefficiencies and, worse, to third-party fraud.”
AeroCost Manager was developed using the Maureva KEOPS system, which validates invoices and detects overcharges.
Jean-Marc Perreaux, sales director at Maureva, said AeroCost Manager integrates the KEOPS solution to “automate and enhance” airline decision-making and financial stability.
“It centralizes data and continuously monitors costs,” he said. "Without compromising on functionality and compliance, this system provides accurate calculations for everything from network and route planning to flight operations, post-flight costs and overall budgeting.”