Airlines Solution Cross-Currency Customer Collection & Vendor Payment Automation Solution
Simplify Global Collections, Automate FX Handling, Ensure Financial Accuracy, Accelerate Close
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 ConsultationAirlines 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.
Customer Collections
Centralize and simplify customer and agent payment application across currencies.
Currency Management
Enable flexible cross-currency payment matching with automated conversion logic.
Financials
Ensure accurate reporting of financial gains and losses due to market fluctuations.
Accounting Automation
Accelerate the financial close process with instant, automated ledger impacts.
Solution Features
Collection & Payment Lifecycle — from cross currency invoices to settlements
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
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
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
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
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?
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