Airline Software Solutions
Megabyte’s Airline Management Information Applications (ALMIRA) is an effective tool which an airline’s management can use to make the organisation more efficient. Megabyte regards ALMIRA as invaluable for carriers who are seeking to control and monitor their operational costs, whilst maximising revenue. ALMIRA was designed and built specifically for the airline industry. Through ALMIRA, airlines are able to capture operational flight information and convert it into financial information by integrating with the company’s financial system.
ALMIRA also interfaces with the airline’s revenue accounting and flight operation systems so that revenue, costs and statistics can be reported from one centralized database.
- Extends the power of an airline’s core business applications and ERPs (Enterprise Applications)
- Enhances workflow, facilitating management accounting practices
- Data collation efforts are greatly reduced, creating more time for data analysis
- Predicts and estimates the profitability of an airline’s operation while providing accurate information for analysis, planning and decision making purposes
- Complete flexibility to define cost components and their occurrences within flight and route parameters Produces detailed DOC provisions for accrual and invoice verification purposes Interfaces with an airline’s existing systems to create one centralized database through which complete and accurate route profitability reports can be issued Non-technical users can build customized reports to suit their current business needs
- All data is captured on a per flight basis facilitating the reporting of route results without the need for manual intervention or allocation Supports ‘what-if’ analysis allowing management to strategize more advantageous plans
Expense Register Automatic Billing Flight Costing Provisional Revenue Calculations Fixed and Indirect Costs & Revenue Route Profit Reporting Flight Schedule Forecasting Flight Operating Cost Budgeting Invoice Reconciliation Charter Contract Management (Optional)
Expense Register Direct operating costs (DOCs) can be defined and grouped in a sophisticated expense register. At any time the airline can modify the expense register in order to reflect the Company’s contractual agreements with the various suppliers.
Automatic Billing Self-billing arrangements can be made with the suppliers and invoices will be posted automatically to the financial system without the need for manual reconciliation.
Flight Costing Detailed flight costs are calculated by a complex module using the expense register and flight operation information. The module also supports the computation of enroute charges based on over-flying distances and airspace rates.
Provisional Revenue Calculations At the end of a financial period the revenue for some of the operated flights within the period may still not be available. ALMIRA is capable of generating provisional traffic revenue estimates for such flights based on the recent historical revenue data. This detail may also be transferred to the financial system. Once the actual revenue data is available, the system will automatically update estimates with actual data.
Fixed and Indirect Costs & Revenue Fixed and indirect costs are also handled by ALMIRA. These costs may be exported from the financial system into ALMIRA and distributed across the flights based on various allocation criteria. Indirect revenue may also be handled in the same manner.
Route Profit Reporting Indirect revenue and fixed and indirect expenses can be imported and allocated to the operated flights so that the contribution of the various routes (also available at flight level) can be determined. ALMIRA can then produce complete route economics reports.
Flight Schedule Flight scheduling information may be imported into ALMIRA from flight scheduling systems through files in the standard SSIM format.
Forecasting Budget traffic-related statistics based on previous years can be produced. Airlines using a forecasting tool may import the forecasting information produced by the tool into ALMIRA to be used in the budgeting process.
Flight Operating Cost Following the operation of a flight, direct operating costs are generated based on the expense register and operational information. These costs may be accrued as provisions in the General Ledger.
Budgeting Route operating budgets based on flight schedules can be produced. Once approved, a budget scenario may be transferred to the General Ledger through a seamless interface.
Invoice Reconciliation Reconciliation of supplier invoices is carried out through ALMIRA. Since these costs accrue in several currencies, the airline is also able to monitor its foreign currency exchange exposure. Invoices available electronically can also be reconciled automatically.
Charter Contract Management (Optional) This optional module will allow the airline to maintain and manage the charter flight contracts with its customers and generate the necessary invoices to these customers based on the contract details.
ALMIRA can be customised to interface with any financial system that runs on a relational database.
ALMIRA is capable of interfacing with several external systems to synchronise existing data, and eliminate input duplication. For example, when a new DOC supplier account is opened within the financial system, all its relevant information is immediately available to ALMIRA through a seamless interface.