COVID-19 has upended the travel industry and put a renewed focus on liquidity and efficiency.
However, traditional back-office operations—that are transactional, repetitive, decentralized and don’t take advantage of digital technologies—are not up to the task.
Intelligent finance operations unlock new levels of speed and agility, creating a framework for rapid change as the travel landscape evolves. It also allows your people to predict trends before they happen and put your business in prime position to respond—empowering them to take creative action to get your organization back to growth.
By investing in innovative solutions like AI and cloud technologies, and implementing smart, standardized processes, finance leaders can take the lead in guiding their companies through recovery and adapting to the new realities of travel.
Now is the time for intelligent finance operations—and it’s time to act now.
Improving operational efficiency at a crucial time
Leveraging automation and innovative capabilities like robot process automation (RPA) and artificial intelligence (AI) can free up time and budget to focus on getting back to growth.
An intelligent back office helps travel companies lower costs dramatically, 25-35%, with savings that can be reinvested into innovation and sustainable growth.
Standardize up to 80% of transactional work with intelligent operations. This level of automation improves compliance, reduces manual work and shifts the focus to driving long-term growth.
Reinventing the role of finance in travel
Shifting to intelligent finance operations and a real-time finance organization is more than a technology transformation. It empowers your people to build finance into a trusted advisor for your entire travel organization.
Transformational change across the travel business
Access to real-time data helps finance leaders make better decisions—and improves their ability to guide the entire business toward growth.
Equipping your finance team with the time and tools to operate more strategically also helps improve employee engagement and retention.
Reimagining the back office through analytics
Intelligent finance operations can impact efficiency and agility for the finance and accounting functions of hospitality companies, airlines and more.
Across the industry, intelligent operations can lower the cost to deliver finance and accounting, and enable more effective data structures that allow the entire business to tap into the power of analytics.
Evolving and persevering through disruption
The COVID-19 pandemic has had a massive impact on finance functions for organizations of all kinds—especially those in travel. Tackle some of the most difficult finance challenges with advice from our experts.
Managing total liquidity
Take these steps to protect employees and respond to customers today, while safeguarding the future of your company.