Accelya, a leading provider of financial and business intelligence solutions to the airline and travel industry today said that it is now able to accelerate transaction throughput for its airline customers, by up to 2.5x and can process more than 100 million transactions per year, quickly and reliably. The company has also been able to increase airline competitiveness by managing peak loads up to 200% above daily average.
The company has adopted Oracle Exadata Database Machine for its comprehensive financial accounting software for airlines travel, which has helped them improve transaction processing throughput, enabling them to provide accurate and detailed revenue reports to airlines on a daily basis, to meet the requirements imposed by their compliance and finance departments.
We have subjected the Oracle Exadata Database Machine to very high transaction loads, and we’ve been reaping the benefits,” said Prameet Savla, Vice President - Technology, Accelya Kale Solutions. “The traditional revenue accounting systems were scaled to handle daily average load with about 20-30% buffer margin. However, this number could go as high as 200% above daily average during peak loads and often resulted in backlogs that took days, or even weeks to catch up. With Oracle Exadata’s unrivaled processing power, our customers can generate detailed, accurate revenue reports within 24 hours. The speed is a real game-changer in this industry,” he added.
Airlines operate in a very challenging environment, with weak profits in difficult times. Changing business models, new distribution opportunities, fierce competition, and constant pressure of industry and regulatory compliances are some of the key challenges that impact airlines. There is need for greater accuracy and risk management controls to keep pace with international standards and audit requirements. Top management and other stakeholders, such as the commercial teams need not only quick and accurate MIS, but also strategic inputs for decision-making.
The airline industry has become highly competitive, therefore it’s prudent for airlines to innovate and drive new services to grow their customer base,” said Venkatesh Krishnan, Vice President, Technology, Oracle India.
With Accelya’s solution based on Oracle Exadata the airlines are now in position to process their daily volumes in a window of 10 -12 hours enabling them to produce revenue reports on a daily basis, compared to weekly basis in the past.
Additionally, Accelya managed to minimise airline processing errors in revenue reports and recorded 99% accuracy in revenue forecast by seamlessly integrating the airlines’ enterprise resource