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Case Studies

Global Airline Cuts Accounting Function Costs 60% by Outsourcing

Summary
The accounting function at this global airline company generated considerable business value to the organization, but lower costs and improved efficiency were required.

Client Challenge

  • Higher fuel costs, a decline in passenger traffic and competition from low-cost carriers
  • Identified accounting operations as best candidate to begin cost cutting/restructuring
  • Saw Information Technology (IT) as a key performance improvement driver
  • Wanted to evaluate and implement a new supporting IT system
Alsbridge was engaged to improve operational efficiencies and sharply lower costs.

How Alsbridge Helped
  • Assessed the feasibility of outsourcing in-scope functions and developed a high-level business case along with migration sequencing
  • Helped narrow down capable providers by conducting a Sourcing Alignment Session™ to identify cultural fit and the ability to provide both the IT system and multi-process accounting
  • Helped select the vendor and acted as the lead negotiator on the deal
  • Co-developed and validated the proposed solution of the winning provider
  • Drafted the contract, the Statement of Work (SOW) and Service Level Agreements (SLAs).
Benefit
  • 60% cost savings on outsourced positions and reduction in number of positions
  • Improved revenue collection with no drop in accuracy or service levels

 


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