sis functionality and the way forward...optional digital signature as required storage of digitally...
TRANSCRIPT
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 2018
th
17 – 20 September 2018 Madrid Marriott Auditorium Hotel & Conference Center
5World Financial Symposium
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 2018
18th September 2018 Madrid Marriott Auditorium Hotel & Conference Center
7th SIS General Meeting
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 2018
SIS Functionality
and the Way ForwardSIS Break Out Session #3
(Brenda Fullmer (AA) /
Adina Minculescu / Thierry Cerpolet (IATA)
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20184
SIS Functionality – Key Features
One Electronic Standard All parties connected agree to submit and receive invoices in one single file format
(named “IS-XML”)
Legal Compliance Optional Digital signature as required
Storage of digitally signed invoices under legal compliance
Optional Settlement Provides fast, secure and cost-effective Settlement services for
the air transport industry (e.g. ICH , ACH)
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20185
SIS Functionality – Key Features (2)
Full Traceability Invoice history and status is easily traced for any reference
Data Validation Specific to air transport activity
Input data validated against reference data to ensure accuracy
Mandatory attributes define the minimum information required for reconciliation
Dispute Management Streamlines the rejection process to increase efficiency
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20186
Complex Invoice ApprovalPain Points: Lost Invoices
Eliminates paper, monitors and tracks invoices
Speeds up reconciliation by enabling automation
Standardized IS-XML format accepted by all airlines
Billing Party SIS e-invoicing
Billed
Partysend e-invoices via to bill
Different InvoiceFormats
Solution:
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20187
SIS Functionality Billing Party BenefitsReduces lost and
mishandled invoice
Access to SIS Community with single
IS-XML Standard
Improved cash-flow
due to better reconcili-
ation
No missing data ,
recipient rejections reduced
Reduced costs by
going paperless Billing
Party Benefits
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20188
SIS Functionality Billed Party BenefitsImproved financial
processes
Reduced labour work
and operating
costs
On time payments, improved
control over cash flow
Increased financial efficiency
and information
quality
Improved dispute
handling and relationships
with suppliers
Billed Party
Benefits
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 20189
SIS Landscape Evolution
From Airlines to Airlines at start, SIS evolved to support the needs for the e-invoicing in the aviation industry
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 201810
Initial Targeted Landscape
SIS
Airlines
Airlines
AirlinesAirlines
Airlines
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 201811
Current Landscape
SIS
Airlines
Low Cost Carriers
AirlinesSuppliers
IATA Customers
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 201812
How do you see SIS future landscape ?
Where to expand opportunities ?
What SIS can do more for you to improve your process efficiencies ?
Where are you still facing issues ?
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 201813
Opportunity Landscape
SIS
??
BSP Agents
Multimodal
Train
Low Cost Carriers
Airlines
Suppliers
IATA Customers
ISAGO Ground
Hdlr
CASS Agents
• CASS Hungary• BSP / CASS Italy
Is it your view as well ?
( Tax declarations for local authorities )
WFS 2018 – Industry Meetings 7th SIS GM – 18 Sep 2018
Thank You !