Fuel Costs represent 20-30% of an airline's total expenses. This presents an urgent need for airlines to streamline fuel operations. A typical airline handles thousands of fuel receipts and invoices every year, which involve manual data entry. Disparate invoice formats and contracts only add to the woes.
Coforge innovative solution built on ServiceNow automates airline fuel operations improving visibility and operational efficiency.
Precise Data Capture: Data captured from manual receipts, which can be fetched directly through email.
AI-Powered OCR Engine: OCR engine extracts relevant data from manual receipts and stores them in a standardized form.
Automated Discrepancy Identification: Automated identification of discrepancies and assigned tasks to relevant teams, who can validate before approval.
Automatic Reconciliation: Enables airlines to automatically reconcile and match data with invoices shared by the vendors at the click of a button. Data mismatches are highlighted for manual action.
The benefits include:
- Up to 30% cost optimization compared to low automation systems.
- 80% reduction in turnaround time achieved through automation.
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