Financial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center. WFS 2018 Industry Meetings 7 th SIS GM 18 Sep 2018

Transcription

1 5 World th Financial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center WFS 2018 Industry Meetings

2 7 th SIS General Meeting 18 th September 2018 Madrid Marriott Auditorium Hotel & Conference Center WFS 2018 Industry Meetings

3 SIS Functionality and the Way Forward SIS Break Out Session #3 (Brenda Fullmer (AA) / Adina Minculescu / Thierry Cerpolet (IATA) WFS 2018 Industry Meetings

4 SIS Functionality Key Features One Electronic Standard All parties connected agree to submit and receive invoices in one single file format (named IS-XML ) Legal Compliance Optional Digital signature as required Storage of digitally signed invoices under legal compliance Optional Settlement Provides fast, secure and cost-effective Settlement services for the air transport industry (e.g. ICH, ACH) WFS 2018 Industry Meetings 4

5 SIS Functionality Key Features (2) Full Traceability Invoice history and status is easily traced for any reference Data Validation Specific to air transport activity Input data validated against reference data to ensure accuracy Mandatory attributes define the minimum information required for reconciliation Dispute Management Streamlines the rejection process to increase efficiency WFS 2018 Industry Meetings 5

6 Pain Points: Lost Invoices Complex Invoice Approval Different Invoice Formats Billing Party send e-invoices via Solution: SIS e-invoicing to bill Billed Party Eliminates paper, monitors and tracks invoices Speeds up reconciliation by enabling automation Standardized IS-XML format accepted by all airlines WFS 2018 Industry Meetings 6

7 SIS Functionality Reduces lost and mishandled invoice Billing Party Benefits Reduced costs by going paperless Billing Party Benefits Access to SIS Community with single IS-XML Standard No missing Improved data, cash-flow recipient due to better rejections reconciliation reduced WFS 2018 Industry Meetings 7

8 SIS Functionality Improved financial processes Billed Party Benefits Improved dispute handling and relationships with suppliers Billed Party Benefits Reduced labour work and operating costs Increased financial On time efficiency payments, and improved information control over WFS 2018 Industry Meetings quality cash flow 8

9 SIS Landscape Evolution From to at start, SIS evolved to support the needs for the e-invoicing in the aviation industry WFS 2018 Industry Meetings 9

10 Initial Targeted Landscape SIS WFS 2018 Industry Meetings 10

11 Current Landscape IATA Customers SIS Low Cost Carriers Suppliers WFS 2018 Industry Meetings 11

12 How do you see SIS future landscape? Where to expand opportunities? What SIS can do more for you to improve your process efficiencies? Where are you still facing issues? WFS 2018 Industry Meetings 12

13 Opportunity Landscape CASS Hungary BSP / CASS Italy ( Tax declarations for local authorities ) ISAGO Ground Hdlr CASS Agents?? SIS BSP Agents Is it your view as well? Multi modal IATA Customers Train Suppliers Low Cost Carriers WFS 2018 Industry Meetings 13

14 Thank You! WFS 2018 Industry Meetings