Veovo’s Revenue Management solution has been chosen by London Luton Airport to automate the billing of the airport’s aeronautical revenue and support the flexible commercial deals needed to encourage traffic recovery.
According to Veovo, its revenue management software can fully automate the collation and processing of billing data in real time, saving the airport hours of work, reducing the cost to invoice, minimizing errors and improving the cash cycle time.
Veovo’s flexible tariff structure also enables the airport to innovate with incentive schemes to restore and expand routes and monetize all types of services.
Kamal Patel, head of IT at London Luton, said, “To create a more resilient and agile airport business, we wanted to drive real change with our revenue management by removing complexity, while also creating opportunities to stand out from the competition with new creative tariff structures. We expect Veovo to play a big part in helping us achieve greater efficiencies and innovation to fuel our growth.”
James Williamson, Veovo CEO, added, “Forward-thinking airports like London Luton are investing in revenue management technology now, despite the market conditions, to be ready for the future of travel with better outcomes for themselves, their airline partners and their customers. We’re thrilled to be chosen as their partner to help them achieve greater revenue assurance and growth at every stage of the recovery process.”