Aviation software solutions

Aviation software solutions

Finance­Whiz makes it eas­i­er to cal­cu­late your flight costs and rec­on­cile sup­pli­er invoic­es so your air­line only ever pays for what it uses.

Cal­cu­late the direct oper­at­ing costs of your flights so your finance team can eas­i­ly match the val­ue of invoic­es raised by your sup­pli­ers against the expect­ed costs at con­tract­ed rates. Finance­Whiz can auto­mat­i­cal­ly import Fuel and Euro­con­trol invoic­es via an EDI link and match those invoic­es to accru­als.

With Finance­Whiz you are able to gen­er­ate an accru­als report, itemis­ing expect­ed sup­pli­er costs against the actu­al flight-time, help­ing you to spot dif­fer­ences between agreed and actu­al costs once a sup­pli­er invoice is received.

Like Quote­M­an­ag­er and Prof­it­Sim, Finance­Whiz fea­tures a cur­ren­cy data­base which means that sup­pli­er costs can be eas­i­ly con­vert­ed to your airline’s pre­ferred account­ing cur­ren­cy.

You can also gen­er­ate a range of per­for­mance reports includ­ing flight per­for­mance, pas­sen­ger and fuel burn details. In addi­tion, FinanceWhiz’s option­al extract fea­ture means you can share data from Finance­Whiz with your own data ware­house and finan­cial ledger.

And because Finance­Whiz seam­less­ly con­nects with APM’s Smar­tOps the oper­at­ed live sched­ule feeds actu­al flight infor­ma­tion auto­mat­i­cal­ly into Finance­Whiz with­out the need for any inter­me­di­ary soft­ware.

Features include

  • supplier ‘cost set’ for accruals calculations
  • a supplier accounts record check function
  • supplier invoice processing wizard
  • EDI import of fuel and Eurocontrol invoices
  • automatic matching of invoices to operated flight accruals
  • flight accruals calculated on flight log operational values
  • accrual calculations based on flight actuals
  • currency sets
  • tax code dictionary
  • supplier and airport database
  • fleet database
  • the ability to extract reports into Excel
  • accruals report
  • general ledger code dictionary
  • audit log of cost amendments
  • integration options to your general ledger with SAP interfaces
  • control invoicing with financial modelling tools

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Disclaimer: Whilst every attempt has been made to provide up to date and accurate information in this web site, APM retains the right to amend our services and products without reference or obligation.