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Indiaexportnews.com

SATA to modernize its revenue accounting with IT from Lufthansa Systems

  18.07.2013    

Portuguese airlines SATA International & Sata Air Açores will be using the Sirax IT solution from Lufthansa Systems for managing its revenues. An eight-year contract to this effect was signed recently. The core functionality provided by Sirax enables SATA Group to cover the full spectrum of modern revenue accounting processes including interline billing and reduce costs significantly in this area.
“By using Sirax to handle our revenue accounting, we achieve flexible control of our revenues while generating sustainable cost savings. Lufthansa Systems impressed us with the accelerated availability of our financial data in Sirax and the professionalism shown in rolling out the new system,” said Sónia Alves, Revenue Accounting Manager at SATA International & SATA Air Açores.
The Sirax AirFinance Platform from Lufthansa Systems is the first integrated platform to optimize all of an airline’s financial processes. It has enabled Lufthansa Systems' customers to achieve considerable savings in their finance department. Leading carriers who deployed this integrated finance solution were able to reduce their operating costs in this area by up to 45 percent and total costs by more than 35 percent. Lufthansa Systems works closely with IATA to ensure that the solution not only meets common standards but also covers the latest developments such as SIS (Simplified Interline Settlement) and EMD (Electronic Miscellaneous Document).
The Sirax revenue accounting solution speeds up accounting processes by automatically checking ticket sales against actual flight data. It also delivers precise, timely information for management and accounting staff.
“We are pleased to have acquired SATA International & SATA Air Açores as another customer for our Sirax revenue accounting solution,” said Marco Cesa, SVP Regional Management Europe at Lufthansa Systems. “The airline’s decision further strengthens our position in the European market and highlights the added value of our solutions.”
Portuguese carrier SATA International is a subsidiary of SATA Air Açores based in Ponta Delgada in the Azores. It serves destinations in Portugal and Europe with its fleet of eight aircraft. The airline currently operates long-haul flights to Toronto and Boston and – depending on the season – to Montreal and Oakland.



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