Mumbai, Mar 17 : Kale Consultants Ltd, the leading technology solutions provider to the Airlines, Airports, Logistics and Travel (AALT) industry, announced its Direct Operating Costs (DoC) Payables Audit service as a part of its Airlines financial management solutions portfolio.
DoC forms around 50-60pc of an airline's overall cost structure, hence it is crucial for airlines to audit and exercise control on these payables.
Kale's service helps airlines recover upto 2pc of their Direct Operating Costs, claimed the company.
Commenting on the new service Neela Bhattacherjee, Head, Airlines SBU said: "High transaction volumes and absence of a proper contract management system, makes it difficult for airlines to verify vendor invoices against services delivered.
"Non-automation and non-availability of operations data at a single source makes it more challenging to conduct invoice reconciliation. This leads to leakages in the space of direct operating costs. Kale's DoC Payables audit helps cash-strapped airlines to identify recoveries and prevent future cost leakages."
DoC Payables Audit is a specialized service delivered through a robust payable audit framework which overcomes many of the limitations mentioned above. This helps airlines plug leakages in vendor payments effectively and improve bottom-line.
Kale provides this service from its Managed Process Services (MPS) division.
--IBNS
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