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| Revenue Accounting Community Portal |
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| The Revenue Accounting Online Community Portal is an extension of Kale's Stay AheadTM initiative for the global revenue accounting community, where the key issues concerning the revenue accounting domain can be discussed with the industry peers and experts from Kale. |
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| Join the Revenue Accounting Online Community Portal to: |
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- Stay updated
on the latest developments & best practices in the RA domain
- Keep in touch with peers
to understand and collaborate in how they are doing things differently
- Contribute your views and expertise
on dealing with the inherent complexity in RA
- Exclusive content
and thought leadership ideas that no other forum will bring forth
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| To become a member of the RA community, Click here |
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| Stay AheadTM - A Kale Thought Leadership Summit |
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| The Revenue Accounting (RA) function in the airline business has been experiencing significant change in character owing to changing industry landscape, enhancement in technology options and availability of an array of solutions and vendors. Even with the fast-paced evolution, there was an apparent lack of forums for revenue accounting executives to discuss their issues, concerns and share breakthrough ideas. In 2008, Kale Consultants initiated a unique industry-wide initiative at defining “The Future of Revenue Accounting”. Stay AheadTM – A Kale Thought Leadership Summit has turned out to be a unique get-together of industry decision makers geared towards facilitating a thought provoking discussion on the future of RA. |
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| So far, Kale has successfully organized the Stay Ahead summits at Miami (USA), Bangkok (Thailand), Montreux (Switzerland) & San Francisco (USA) with wide Industry participation. Attended by over 80 senior level executives of the RA function from various airlines, the summit has effectively filled in a much needed void. The series has been hailed as a first-of-its kind initiative, at bringing together the revenue accounting heads from various geographies and types of airlines, along with key experts at Kale. It has developed as a springboard for industry initiatives that drive the requirements of tomorrow and to collectively build the “thought” process for next generation solutions in the RA domain. |
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| The Changing Face of Revenue Accounting |
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| The revenue accounting industry has taken various initiatives to make RA processes centralized, simple & paperless. However factors like changing business models, global alliances, ancillary revenues etc. are making RA more complicated. The key element in bringing RA from back-office to forefront has been “Information” that can be derived out of it. |
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There is an immense need for actionable information which can be provided through data analytics. RA was perceived as a cost centre till few years back. This perception is slowly changing & RA is fast emerging as a profit centre for airlines. Today, majority of airlines find it better to outsource rather than spend their precious time & energy to keep RA in-house. With advanced data analytics around it, RA is helping airlines forecast profitability through advanced reporting tools & dashboards.
It can rightly be said that the RA function is in the midst of a transformation from managing revenue to managing profitability. In near future, revenue accounting will be supported by robust multi-faceted systems which would control end-to-end processing to declare revenues in real time. |
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