AMCO NEWS

AMCO is recognized by OneStream as the Partner Innovation Award winner

September 21, 2023

AMCO NEWS

AMCO is recognized by OneStream as the Partner Innovation Award winner

AMCO Solutions is proud to announce that we have been recognized by OneStream as the Partner Innovation Award winner.

The innovative deployment of the OneStream platform addressed KLM's need for a unified cost and revenue allocation system, enhancing network performance and profitability analysis. OneStream's uniqueness lies in creating a granular Route Profitability System, achieved by leveraging its dimensionality capabilities. This solution optimally allocated costs using flight drivers like passengers and fuel, benefiting KLM and setting a precedent for similar industries.

Quantitative results include the ability to analyze flight profitability in-depth, allocate all costs via drivers, optimize network performance, and allocate costs to specific routes accurately. This enhances profitability models and information quality.

KLM employs People Planning and Capex Planning solutions from the OneStream Marketplace to support this deployment. Extensible dimensionality is used extensively, allowing data collection and allocation from high-level summaries down to individual flights.

AMCO Solutions is proud to announce that we have been recognized by OneStream as the Partner Innovation Award winner.

The innovative deployment of the OneStream platform addressed KLM's need for a unified cost and revenue allocation system, enhancing network performance and profitability analysis. OneStream's uniqueness lies in creating a granular Route Profitability System, achieved by leveraging its dimensionality capabilities. This solution optimally allocated costs using flight drivers like passengers and fuel, benefiting KLM and setting a precedent for similar industries.

Quantitative results include the ability to analyze flight profitability in-depth, allocate all costs via drivers, optimize network performance, and allocate costs to specific routes accurately. This enhances profitability models and information quality.

KLM employs People Planning and Capex Planning solutions from the OneStream Marketplace to support this deployment. Extensible dimensionality is used extensively, allowing data collection and allocation from high-level summaries down to individual flights.

OneStream substantially improves data management. The Route Profitability Solution (RPS) model takes just 2 hours for a full-year allocation, a major performance upgrade compared to the prior system. The implementation empowers KLM's finance team to lead quickly by providing accurate and detailed insights for informed decisions.

Deployment of the Route Profitability Solution (RPS) followed a phased approach, starting with Inflight Services and extending to departments like Flight Operations, Fuel, and Ground Services. This method ensured correctness due to the complexity and significance of the model.

Explore further and view the KLM Customer Testimonial video. Reach out to AMCO Solutions when your organization is prepared to navigate the challenges of today's unpredictable economic environment.

Image Gallery

Other News

AMCO Solutions is a OneStream Development Partner

AMCO Solutions Delivers Lease Accounting Solution for the Launch of the OneStream PartnerPlace and Solution Exchange

READ MORE

The OneStream Podcast with AMCO Solutions​

Embark on a riveting journey with the latest episode of the OneStream Podcast Solution Series!

READ MORE