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Kale introduces DoC Payables Audit Service
By siliconindia
Mumbai: Kale Consultants, the 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 50-60 percent of an airline's overall cost structure, hence it is crucial for airlines to audit and exercise control on these payables. Kale's pioneering service helps airlines recover upto 2% of their Direct Operating Costs.
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. It employs a dedicated team of audit experts who are IATA certified professionals with hands-on training on Kale's audit framework. A triple-filter quality check ensures that airline clients receive accurate payables audit reports which provide complete cause-analysis along with information filter to the most granular level.
