NetSuite is a cloud-based business management software tailored for the airline and aviation industry. It unifies core accounting functions with other operations like purchasing, flight inventory, and resource management. NetSuite complies with IATA requirements and helps streamline business processes. It offers modules for charter quote management, fixed asset management, resource management, inventory management, fleet management, accounting, and MRO support. Implementing NetSuite can improve decision making, integrate data, reduce errors, and increase customer response speed.
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Aviation Whitepaper copy.pdf
1. NETSUITE FOR THE
AIRLINE AND
AVIATION INDUSTRY
Charter, Executive (Jet), Regular and Cargo airlines
BUDDIES
Cloud Solution Partners
2. NetSuite for the Aviation industry is an all-in-one business management software
that unifies core accounting functions with your purchasing, flight inventory,
hanger and resource management among more. Through a series of customiza-
tions, we have tailored NetSuite to meet the unique needs of the Airline & Aviation
industry. NetSuite is also fully compliant with IATA’s (International Air Transport
Association) rulings and requirements to ensure your business operates in a
smooth flow.
NetSuite for the
Airline & Aviation
Industry
3. Most companies often use multiple data systems to handle their business requirements.
For instance, a company may use QuickBooks to handle their accounting and
may use Salesforce to handle their CRM initiatives. This leads to a mess and is
considered as a hairball solution as it leads to mismanaged data exchange,
complications, lack of data integrity and excess manual processing. Eliminate this mess by
implementing a single ERP i.e: NetSuite.
Take advantage of a
modern ERP solution
1. Charter Quote Management
Process charter queries with integrated
NetSuite Accounting. This module covers the
entirety of the process right from sales/broker-
ages to the final agreement to flight tracking.
Calculate margin, confirm selling price, prepare
quotes/agreements, create invoices and more.
- NetSuite’s resource management solution
provides an easy way to assign projects to the
right people. With this centralized software,
Project Managers can always stay updated on
current work progress to improve billable
utilization and improve client satisfaction.
Custom notifications can also be set whenever
a specific action is performed.
- NetSuite’s Fixed Asset Management solution
provides a single version of truth for managing
all company-owned and leased assets with
ease. Develop a flexible depreciation / amorti-
zation schedule, get timely reporting on com-
pany asset performance, and interconnect
them with company accounting.
- With NetSuite’s fixed asset management,
Users can control the complete lifecycle from
creation to depreciation, reevaluation, all the
way until retirement.
.
3. Resource management
2. Fixed Asset Management
KEY FEATURES
Features - Resource
Management with NetSuite:
Crew rostering, scheduling & appointing
to individual flight and duties.
Flight Duty Time and Flight Time Limita-
tions (FDTL) Control.
Manage Crew salary, bonuses, additional
payments and expenses
Vacation management, training
management and more.
.
4. 4. NetSuite Inventory Management
NetSuite Inventory Management provides a
single, real-time view of inventory across all
locations and sales channels, allowing aviation
businesses to reduce inventory on hand to free
up cash while avoiding stockouts. By optimiz-
ing inventory levels and ensuring product avail-
ability across multiple channels, NetSuite
Inventory Management helps businesses keep
inventory costs low while exceeding customer
expectations
- Track & Manage fleets
- Create type of Aircraft database with full tech-
nical details.
- Create Fleet specifications documents, photo
galleries.
- Create Maintenance schedule, MEL (minimum
equipment list) resources tracking
- Develop ACMI (Aircraft, Crew, Maintenance,
and Insurance) rates and charges database for
different locations.
- Advanced customizable reporting based on
flight logs & more.
- Get access to key information like Accounts
Receivables, Accounts Payables, Orders,
Purchasing, and more with just one click on
your dashboard.
- Showcase reports and make comparisons
between your income statements, balance
sheets, variance reports, and consolidated
reports.
- Automate invoicing procedure with auto tax
calculation, financing, and special discounts.
- Maintain and control the entire lifecycle of
company assets spanning from creation, main-
tenance to disposal.
- NetSuite extensive financial management
automates currency management and periodic
locking to help manage the period-end close
efficiently.
6. Fleet & transportation management
- This module offers a competitive edge to
MROs by providing them with the tools neces-
sary to effectively manage all aspects of a cus-
tomer’s aircraft visit, from the initial planning
and maintenance activities, through to the final
invoicing stage. It has the capacity and scalabil-
ity to meet the unique needs of companies,
whether an expanding operation or a medium
to large MRO.
7. MRO (Maintenance and Repair
Organizations (MROs)
5. Accounting & Financial
Management
KEY FEATURES
5. KEY FEATURES
- This module offers a competitive edge to MROs
by providing them with the tools necessary to
effectively manage all aspects of a customer’s
aircraft visit, from the initial planning and mainte-
nance activities, through to the final invoicing
stage. It has the capacity and scalability to meet
the unique needs of companies, whether an
expanding operation or a medium to large MRO.
8. Auditing & compliance
management
3rd party integration with ticketing portals (Kay-
ak.com, Expedia, Flighthub) and other systems
that are being used to manage a specific
aspect of the airline company.
Integration with IATA messages (International
Air Transport Association)
9. 3rd party integrations
Improve business processes
and visibility
Save time and effort while
boosting profitability
Assist in decision making
Integrates operational &
Financial data
Reduce human intervention
and prevent multiple errors
Increase the speed of
addressing customer
requests
Benefits of ERP
for airline industry
Why Choose ERP Buddies?
ERP Buddies is an official Oracle NetSuite Solution Provider helping
companies from various industries streamline business operations and
finances while synchronizing departments through a fully customizable
ERP system. Our experts assist clients throughout the entire implementa-
tion process, with on-site support and consultation, along with further
assistance in customizing your system the way you need it.