Veovo has won the tender to provide all ten airports in Swedavia’s portfolio with its automated Revenue Management System.
The deal will assist in automating and centralising the billing of its key aeronautical revenue streams. With aeronautical revenues the primary source of income for an airport, the charges can be complex based on a range of factors, such as aircraft movement, weight and passenger numbers. In addition the number of systems in use across an airport can frequently result in data inaccuracies and billing delays. For a multi-airport operator like Swedavia, these complexities are even more pronounced.
Veovo’s Revenue Mangement system will ensure a more efficient invoicing process for Swedavia and will also provide a platform to fuel sustainable growth. By fully automating the collation, preparation and processing of billing data in real-time, the system will reduce revenue leakage, minimise billing errors and improve the cash cycle time. It will also provide greater visibility into vital income-generating streams across all Swedavia’s operations.
“We are delighted that, even at this time of industry upheaval, Swedavia has decided to commit to a long-term partnership with Veovo,” said James Willimaons, Veovo CEO. “Swedavia joins over 70 airports around the world, who are successfully using Veovo Revenue Management to underpin their growth strategies.”
