AAI to use e-business solution for its accounting process

New Delhi: Airports Authority of India (AAI) has signed an agreement with Chandigarh International Airport (CHIAL) for providing SKYBOOKS360 – a comprehensive e-business solution for invoicing and accounting.

The agreement was signed today by AAI's Deputy General Manager (Business Development) Chandra Shekhar Tewari and CHIAL's Chief Financial Officer (CFO) Rakesh Dembla in the presence of CHIAL's Chairman and Member (Operations) of AAI IN Murthy and AAI's Member (Planning) AK Pathak.

Speaking on the occasion, Pathak talked about Skybooks360, which is a prestigious product of AAI for the management of airport operations that improve service, reduce cost and manage security & increase efficiency at airports. SkyBooks360 is a unique system to provide an integrated e-business solution to airport operators. It is a comprehensive end to end solution for invoicing, financial management, accounting services and reporting, with interactive dashboard reporting, combining all aviation-related complex processes, on a single platform. Furthermore, this sophisticated service can be web-based, meaning no heavy IT implementation with zero downtime, ensuring prompt and accurate accounting and reporting of diverse business and financial management needs, on a real-time basis. SkyBooks360 is an International Financial Reporting Standards (IFRS) compliant tool.

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While Murthy emphasized that seamless integration of the business process of the airports will bring the highest level of efficiency, leading to more transparent processes exceeding the stakeholder's expectations.

AAI is exploring the possibilities to extend this to the global aviation fraternity as well as domestic airport operators.

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

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