Qatar Airways has implemented Oracle Fusion Cloud Enterprise Performance Management (EPM). This gives airline finance teams the transparency and flexibility they need for more accurate planning, budgeting, and forecasting.
The improved process helps airlines increase agility, improve insights, and strengthen business decisions throughout the organization.
Qatar Airways serves more than 140 destinations, operates more than 200 aircraft from the Global Hub at Hamad International Airport in Doha, and employs more than 40,000 people. As airlines have embarked on a major global expansion over the last decade, existing systems and manual processes have not been able to scale to keep up with the company’s growth.
Airlines need to automate and streamline their financial and planning processes to more effectively control and manage resources and investments, improve reporting capabilities, and coordinate the organization behind ambitious expansion plans. there was. As the commercial aviation sector recovered from the pandemic in late 2021, Qatar Airways rapidly returned to its pre-pandemic network of 180 destinations and resumed its expansion program.
“The pandemic has had a significant impact on the aviation sector, but Qatar Airways’ ability to remain resilient and credible to its customers and respond quickly to these unforeseen challenges is to keep our business competitive. The foundation built for financial processes using Oracle Cloud EPM allowed us to adapt quickly, especially when planning a transition from a pandemic and a resumption of our growth plan. Daniel Ho, Chief Financial Officer of Qatar Airways, said:
With Oracle Cloud EPM, Qatar Airways better connects operational and financial data across personnel, finance, supply chains, and sales to improve management insights, accelerate decision making, and model the company’s business. And you can strengthen your plan. By migrating business processes to Oracle Cloud EPM, companies were also able to eliminate manual financial reporting processes and improve reporting speed, accuracy, and insights.
Leopoldo Boado Lama, Senior Vice President of Business Applications at Oracle’s ECEMEA, said:
“With Oracle CloudEPM, Qatar Airways gains competitiveness because it always has access to the latest innovations and new technologies. With Oracle, Qatar Airways gains real-time business insights and accurately forecasts revenue. You can make better business decisions in a dynamic market. These features are highly relevant to your current business context, but increase your productivity and your business is constantly evolving. Enables airlines to meet future environmental challenges. “
https://gulfbusiness.com/qatar-airways-moves-financial-planning-to-oracle-cloud/ Qatar Airways Moves Financial Plans to Oracle Cloud