AirAsia deploys Oracle ERP Cloud to reshape finance operations

- A Monitor Desk Report 10 Apr, 2019 | 2357 Views|-+
Dhaka: AirAsia announced that it is working with Oracle to centralise and streamline its finance operations by leveraging the market-leading Oracle Enterprise Resource Planning (ERP) cloud. The deployment supports AirAsia’s growth plans and its vision to be the leading travel technology company in Asia.

Tony Fernandes, CEO, AirAsia Group, said, “AirAsia has championed ASEAN connectivity since its inception in 2001. Over the past 18 years, we’ve proudly grown our network and launched new routes across Asia Pacific as we delivered on our promise to our guests. We are now writing the next chapter of our story, riding on our momentum as a business and a brand to transform AirAsia into more than just an airline. We are going to be the travel technology company for the region, and as part of this journey, we’ve set our sights on becoming an intelligent and connected enterprise.”

Mark Hurd, CEO, Oracle describes AirAsia to be at the forefront of innovation. “They are a leading example of how technology can optimise costs while enhancing the customer experience. Oracle ERP cloud provides a foundation for AirAsia’s continued growth and will help strengthen their leadership in the ASEAN travel industry,” he said.

More than 6,000 customers across geography and industry have selected the market-leading Oracle ERP cloud to provide a complete, innovative and secure financial platform for their organisation. With Oracle ERP cloud, organisations of all sizes can quickly and easily take advantage of the latest innovations to enable enhanced productivity, reduce costs and improve controls.

Pattra Boosarawongse, CFO, AirAsia Group, said, “An agile finance operation is the backbone of every successful business, where financial data is readily available in real time to support critical business decisions.”

With operations in 25 markets across Asia, Australia, the Middle East and the US, he points out that the airline has a complex operation. Their finance team needs to reconcile cross-currency data and transact with suppliers in different countries. Oracle ERP cloud will help them simplify, standardise and automate their financial operations across the group, and free their finance teams from mundane operational tasks to focus on growing the business.

Also on Bangladesh Monitor