Following on from our recent post, which uncovered the 5 biggest fuel management headaches for airlines, we’re now going to explain how our fuel management software for smaller airlines, airline.ONE, helps you overcome these issues.
As we know, it’s incredibly time consuming to manually check every single fuel invoice, so often airlines don’t – they might check only a sample of invoices or approve them based on historical averages or tolerances.
airline.ONE ensures you only pay for the amount of fuel you uplifted, and at the correct contract terms. This is possible with minimal manual work, because the software can capture electronic invoices and automatically check these against key information held within the system, including:
It will then flag up any discrepancies so that you can review these.
Being able to plan your fuel supply well in advance is a basic requirement for all airlines. Yet obtaining complete and accurate data about historical fuel usage at all locations is challenging.
The Fuel Planning module in our system brings together data from your flight schedules, historical fuel uplift data (or where that isn’t available, theoretical data), and contract prices and terms.
It then uses all of this information as a baseline on which to apply forward curves to create volume forecasts and budgets.
Buying fuel from the right supplier at the best price is crucial to an airline’s profitability. But it’s not easy evaluating tenders in different currencies, which include an array of varying price components and different terms.
On top of that, the high number of tender requests that airlines have to produce, and the amount of information contained in each one, makes the tendering process time consuming.
airline.ONE speeds up this activity and provides a fully audited, transparent process for creating and publishing tenders, as well as capturing, evaluating and awarding bids.
For example, features include:
Keeping on top of all your fuel contracts and monitoring the daily changes in cost and volume used is a time-consuming task for most airlines. Our fuel management software automates many of the key activities associated with monitoring contracts, for example:
These features allow you to spend less time on data input and admin, and more time on the important things, such as building personal relationships with your suppliers, or negotiating better terms.
It’s often tricky for airlines to get up-to-date and comprehensive information about their fuel spend, because it comprises so many different elements, most of which change on at least a daily basis.
airline.ONE helps by drawing together all of this information in one place and using feeds and file imports to automatically update it, so you see the current picture. For example, airline.ONE enables you to do the following:
This data is presented through dashboards and reports, making it easier to not only track fuel spend, but to analyse the distribution of that spend and see where cost savings and improvements could be made.
So those are our top benefits of airline.ONE, our new fuel management software for smaller airlines.
airline.ONE is based on the same platform as our enterprise product, airline.EFM, which is used by world-leading airlines such as Lufthansa, Cathay Pacific and Etihad. Look out for a future blog post about the top benefits of airline.EFM.
Contact us today to find out more about our innovative fuel management software for airlines.