Airlines Solution

Airlines Solution Cross-Currency Customer Collection & Vendor Payment Automation Solution

Simplify Global Collections, Automate FX Handling, Ensure Financial Accuracy, Accelerate Close

Cross-Currency Customer Collection & Vendor Payment Automation Solution
Solution Overview

Cross-Currency Collection & Payment

Our Cross-Currency solution enables airlines to seamlessly apply vendor payments issued in any currency against invoices received in different currencies and apply customer collections received in any currency against invoices issues in different currencies.

The solution automatically manages exchange rate differences, realized FX gains or losses, and financial postings — fully integrated with NetSuite.

By eliminating manual currency matching and journal entries, airlines gain better control over international agent collections, improved cash application efficiency, and audit-ready financial records.

Schedule Free Consultation

Airlines collect payments in multiple currencies for invoices raised in others, requiring time-consuming manual exchange rate calculations and reconciliation.

Without automation, posting realized FX gains and losses requires manual journal entries that are error-prone, time-consuming, and difficult to audit.

Matching payments to invoices across currencies manually slows the financial close process, introduces errors, and delays monthly reporting cycles.

Manual payment application processes create incomplete transaction trails that complicate audits, regulatory reviews, and inter-subsidiary reconciliation.

Core Capabilities

End-to-end cross-currency payment & collection automation and FX management

Full Control Over Cross-Currency Collection

From unified payment application and cross-currency matching to automated FX realization and instant GL posting — eliminate manual currency handling and close faster.

Schedule a Consultation

Customer Collections

Centralize and simplify customer and agent payment application across currencies.

Unified Payment Single Screen View

Currency Management

Enable flexible cross-currency payment matching with automated conversion logic.

Flexible Currency Auto-Rate Conversion
Any Currency
Auto FX Calc
Zero Manual Journals

Financials

Ensure accurate reporting of financial gains and losses due to market fluctuations.

FX Gain/Loss Automated Journals

Accounting Automation

Accelerate the financial close process with instant, automated ledger impacts.

Instant GL Posting Clearing & AR

Solution Features

Collection & Payment Lifecycle — from cross currency invoices to settlements

01

Unified Payment Application

  • Display all open invoices for a specific customer or agent on a single screen
  • Consolidated view regardless of booking currency or invoice currency
  • Faster and more accurate payment matching
  • Reduced manual reconciliation effort
02

Cross-Currency Payment Application

  • Accept payments in any currency while settling invoices raised in another
  • Automatically handle the conversion rates between transaction currency and base currency
  • Eliminate the need for manual external calculations or multi-step journals
03

Automated FX Realization

  • Automatic calculation of realized FX gain or loss
  • Based on exchange rate differences between invoice and payment dates
  • Consistent and compliant financial treatment
  • Full transparency for audit and reporting
04

Automated Journal Entries

  • Automatic posting to Bank, AR, Clearing, and FX accounts
  • No manual journal entries required
  • Immediate financial impact at the time of payment application
  • Reduced risk of posting errors
05

Financial Traceability & Reporting

  • Maintain full control and visibility over revenue and FX movements
  • Clear linkage between payment, invoice, and FX impact
  • Audit-ready transaction trail
  • NetSuite-native financial reporting
  • Support for multi-subsidiary and multi-currency structures

Key Benefits

Accelerate collections and eliminate FX processing complexity

Faster Close

Eliminate manual FX journals and accelerate month-end financial close.

Financial Accuracy

Automated FX realization ensures consistent and compliant gain/loss reporting.

Audit Readiness

Complete transaction trail linking payments, invoices, and FX impacts.

Operational Efficiency

Single-screen payment application across all currencies and agents.

Do you have a business challenge?

Speak to us—we’ll help you find a solution using NetSuite best practices and a clear delivery approach.

Let’s Connect

Connect with our experts for a free consultation and tailored solutions.