DAALLO Airlines outsources accounting to Kale Consultants

2450 Investors following Kale Consult. Share this News with them.

0

Like this story, share it with millions of investors on M3

DAALLO Airlines outsources accounting to Kale Consultants

DAALLO Airlines outsources revenue accounting to Kale Consultants

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Geometric acquires intellectual property Kale posts robust growth: Revenue up 33% in Q4 Kale Consultants Q4 net profit at Rs 3.35cr ALSO READ See latest News about Kale Consult See previous management interviews See what other Experts & Brokerages are saying about Kale Consult Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

DAALLO Airlines , a prominent airline operating between Middle East, Africa and Europe has selected Kale Consultants Ltd . (Kale) for providing passenger revenue accounting and cargo revenue accounting on an outsourced basis. Kale will provide revenue accounting processing services to Daallo from its Managed Process Services centre (Kale MPS^®) in Mumbai, India.

Kale will provide passenger & cargo revenue accounting services including the processing of sales and uplifts, claims to credit card companies and to other airlines for interline coupons, declaration of revenue with comprehensive account postings for the general ledger, management of deals, and a decision support business intelligence system.

Speaking on the occasion, Mr. Vicente de las Penas Jr, Chief Financial Officer, DAALLO Airlines said: "We at DAALLO understand that in order to achieve our ultimate objective of becoming the number one carrier in the East Africa region, we will have to streamline our business processes.  The revenue accounting process is labor intensive and involves a significant investment in IT infrastructure. One of our key business objectives was to significantly reduce our operational costs and improve the revenue accounting process. To achieve this, we needed to use the best industry standard solution, and outsource the work to an accredited and established service provider with the requisite processes to ensure business continuity and low risk. Kale's experience and expertise in the space made them the clear choice for us."

With the system going live, DAALLO will enjoy significant business benefits, supporting its continued development. Revenue will be maximized through accurate billing and verification, accounting costs will be reduced, productivity will be enhanced and training costs eliminated.

Mr. Satish Ambe, Executive Vice President and Head - Kale MPS^®, said: "At Kale, we are proud to have developed a unique offering for customers whereby they enjoy the benefits of one of the best revenue accounting solutions without having to invest heavily on technology and people. Both our passenger and cargo revenue accounting solutions are modern systems and address key accounting concerns for airlines. The outsourced model is an ideal solution for clients looking to transform their businesses.

He further added , "For DAALLO, an airline on the growth path, outsourcing of non-key functions like revenue accounting makes a lot of sense so that  DAALLO  can focus on their core business. I am sure that this is a mutually beneficial relationship for DAALLO as well as Kale, to be cherished and developed for the forseeable future."

Sourced From: Blue Lotus Communications Pvt. Ltd