On October 28, 2024, Accelya Solutions India Limited made a significant announcement, revealing that its financial solutions processed over USD 100 billion in revenue for airlines globally during the financial year ending June 30, 2024. This remarkable achievement doubles the pre-COVID levels from 2019, solidifying Accelya's position as a leader in financial solutions tailored for the airline industry.

Sam Gilliland, the CEO of Accelya, expressed pride in the company's role as a trusted partner in the airline financial ecosystem, stating, "In the past financial year, Accelya’s financial solutions processed over USD 100 billion in airline revenue globally." This figure reflects the company's commitment to supporting its airline customers in optimizing cash flow, enhancing profitability, and ensuring seamless revenue settlement.

Growth in Financial Solutions

Accelya's scalable, AI-powered financial solutions play a crucial role in integrating offer creation, order management, settlement, and delivery processes. By simplifying revenue accounting, Accelya helps airlines navigate the complexities of financial management with greater ease. The technology ensures smooth operations and secure revenue streams for airline partners, demonstrating the effectiveness of Accelya's innovative approach.

Launch of FLX Order Accounting

In line with its commitment to financial innovation, Accelya launched the FLX Order Accounting solution, designed to streamline the order-to-settlement process for airlines. This comprehensive platform integrates order creation, management, and financial reconciliation into a single unified interface. By reducing manual errors and accelerating transaction speeds, FLX Order Accounting provides airlines with real-time visibility into their financial data.

Gilliland further emphasized the importance of the FLX Order Accounting solution, stating, "We are now driving innovation for upcoming decades." The new platform is built on Amazon Web Services (AWS), ensuring scalability, security, and high availability. By leveraging advanced artificial intelligence (AI) and machine learning, the solution enhances revenue recognition accuracy, offering airlines actionable insights to facilitate financial success.

Customizability and Industry Expertise

Accelya's FLX Order Accounting is not only powerful but also highly customizable, allowing airlines to tailor the system to meet their specific business and regulatory needs. This flexibility, combined with Accelya's extensive industry expertise, positions the FLX Order Accounting solution as an essential tool for airlines looking to modernize their financial operations.

Conclusion

With over 40 years of industry experience and a proven track record, Accelya continues to enable innovation-led growth for the airline sector. The company supports 200+ airlines with an open, modular software platform, driving advancements from offer to settlement. Accelya's ability to process 350,000 offers per second and its impressive financial solutions processing USD 100 billion annually underline its commitment to empowering airlines in a rapidly evolving landscape.

For more information about Accelya and its comprehensive solutions for the airline industry, visit Accelya's Website.

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