New Launch28 Oct 2024, 08:43 pm
Accelya Processes Over USD 100 Billion for Airlines, Doubling Pre-COVID Levels & Launches New FLX Order Accounting Solution
AI Summary
Accelya, a global leader in airline financial and retailing technology, announced that its financial solutions have processed over USD 100 billion in revenue for airlines worldwide in the financial year ending June 30, 2024. This milestone more than doubles the figure from 2019 (pre-COVID), underscoring Accelya’s leadership in financial solutions and its deep expertise in the airline industry. Accelya also launched FLX Order Accounting, a comprehensive financial platform tailored to the airline industry, designed to streamline the order-to-settlement process and provide real-time visibility into financial data.
Key Highlights
- Accelya's financial solutions processed over USD 100 billion in revenue for airlines, doubling pre-COVID levels
- Accelya introduces FLX Order Accounting, a core part of the Offer, Order, Settle, Deliver (OOSD) transformation
- FLX Order Accounting simplifies the entire order-to-settlement process
- Built on Amazon Web Services (AWS) for scalability, security, and high availability
- FLX Order Accounting leverages advanced AI and machine learning to enhance revenue recognition accuracy