De-specializing Financial Processes

Key principles

1. The Order is owned by Airlines and is a single source of truth and correction processes do not happen outside of orders.

2. No reverse engineering or second guessing on Orders at the time of financial processing.

3. Settlement values are always available in the Order.

4. Order Management has a direct bidirectional interface with Order to Cash - OtC (receivable), Procure to Pay - PtP (payable) & Settlement, allowing for real-time posting, Profit & Loss - P&L visibility and OtC and PtP netting.

5. Offer & Order real-time/near real-time visibility for Treasury to allow for efficient downstream cash management and foreign exchange - FX management.

6. Elimination of specialized Revenue Accounting processes outside of the Order, e.g.:

   1. proration

   2. fare construction error correction

   3. interline rejections

   4. sales audit

7. Greater utilization of available modules in Enterprise Resource Planning - ERP Systems (e.g. inventory, billing, payables, provider management, Business Intelligence - BI …)

8. Streamline vendor processes including supply chain management (from sourcing via delivery to payable)

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