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Air Astana Selects Softec’s MonaLisa revenue accounting system
13 Oct 2009
Softec GmbH, a leading software solutions provider to the airline industry in revenue accounting, operations & business intelligence space, today announced that Air Astana, the national carrier of Kazakhstan, has signed up Softec’s MonaLisa system for revenue accounting product.
Monalisa, an established product, will help the airline to deliver faster & accurate revenue accounting processing effectively & efficiently eventually resulting in curtailing the revenue leakage & improving revenue recovery.
Monalisa delivers exceptional features and functionality, to deliver faster & accurate revenue accounting helping airline to improve efficiency & profitability.
About Air Astana
Air Astana is the national carrier of Kazakhstan and operates scheduled domestic and international services. Air Astana operates a fleet of 21 western aircraft with an average age of 5 years, over more than 50 domestic and international routes for serving its 2.3 million passengers.
To learn more, please write to us at sales@niit-tech.com
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OLT selected Softec’s operations & Route profitability analyzer
July 2009
Softec GmbH, a leading software solutions provider to the airline industry in revenue accounting, operations & business intelligence space, has been elected by OLT airlines, German Airline, for its Operations as well as Route profitability analyzer.
At one end, Softec’s operation product will help OLT airline to improve operational efficiency & meeting all duty time regulations. On other, Softec’s robust business intelligence tool RPA (Route Profitability Analyzer) will help them to minimize cost & increase profitability by helping the airline to choose the best routes out of available ones.
OLT has taken right decision by choosing this perfect blend which will help the airline to increase productivity efficiently, minimize cost & maximizing profitability.
About OLT:
OLT was founded in Emden in 1958 and is one of the oldest airlines in Germany. Apart from being regional airline, OLT fly holiday makers to the islands off the North German coast and operate international services from Bremen as well.
Safi Airways, Afghanistan’s second largest airline opts for Softec’s Integrated Revenue Accounting Solution
June 2009
Softec is happy to announce that Safi Airways showed its complete faith in our integrated revenue accounting solution for its end-to-end revenue accounting.
Under the contract, Softec will deliver complete outsourced revenue accounting services and MonaLisa – Softec’s industry tested revenue accounting product will be used as platform for the same. Adding to it Safi Airways agrees that Softec is best to host its own solution (MonaLisa) & provided the contract for hosting the system as well.
About Safi
Founded in 2006 Safi became first airline in the history of Afghan aviation & at present it is the second largest airline in Afghan. Safi Airways vision is to make Afghanistan more reachable from all parts of the world.
Softec Partners with TASC Aviation to Offer Passenger Revenue Accounting Bureau services
April 2009
Small and medium sized airlines will be the biggest beneficiaries of the partnership agreement signed between Airbus’ airline consultancy division Tasc Aviation and NIIT Technologies’ subsidiary Softec GmbH.
The agreement will unite the expertise and synergies of the two companies in delivering Passenger Revenue Accounting Bureau Services to small and medium size carriers, at a fraction of the cost usually associated with this important daily airline practice. The new processing centre is based in Dubai and will utilize Softec's state-of-the-art Monalisa Passenger Revenue Accounting Solution, to deliver accurate, timely and valuable information to airline managers worldwide.
Anil Batra, Managing Director, Softec GmbH, believes that with this partnership more airlines can benefit from an established product.
“Monalisa is an established, stable system with a proven track record for airlines in Europe, North America, Africa and Asia. It delivers quality data that is essential for revenue accounting tasks in any airline, no matter the size or location,” said Batra.
Ezzeddine Hamouda, CEO Tasc Aviation, expressed his delight with the new centre that will boost the comprehensive portfolio of airline consultancy solutions already offered by the company.
Hamouda added: “We today delivered what the market has asked for, a modern and comprehensive revenue accounting solution aimed specifically at small to medium sized carriers. I believe that our partnership with Softec GmbH will enable many small airlines to switch from the complex manual to an automated and outsourced revenue accounting process.”
About Tasc Aviation
Tasc Aviation is the wholly owned subsidiary of Airbus, based in Dubai in the United Arab Emirates. The company offers multi-disciplinary range of services, including airline business strategy consulting, airline branding and airline marketing services, cabin management, spares services, operations, AOC and aircraft delivery management and new airline start-up consultancy. Some of Tasc’s clients include Etihad Airways, Qatar Airways, Emirates, Turkish Airlines, Middle East Airlines, Dana Air and Wataniya Airways.
About Softec
Softec GmbH is a wholly owned subsidiary of NIIT Technologies Ltd, India. Softec's state-of-the-art financial, operations and business intelligence solutions have been implemented in more than 40 airlines mainly in Europe, Africa, Americas and Asia.
Strengthening the bond - Air Namibia & Softec GmbH signs another deal
Feb 2009
This time it is for Softec’s route profitability analyzer & operations.
Air Namibia, one of Africa’s prime carriers, who is already availing the benefits by using MonaLisa for the revenue accounting purpose, will start using its route profitability analyzer (business intelligence solution) & operations product soon.
Softec’s RPA (Route Profitability Analyzer) will facilitate Air Namibia to move FAR ahead in the competition. It is a Flexible, Analytical & Reliable product that will help airline to efficiently & effectively choose best available route, minimize cost thus increasing profitability.
Air Namibia will be able improve operational efficiency & meeting all duty time regulations by leveraging the Softec’s flight operations product.
About Air Namibia
Air Namibia, one of Africa’s prime carriers, is the national airline of Namibia, headquartered in the Trans Namib Building in Windhoek. It operates scheduled domestic, regional, and international passenger and freight services as well.
MonaLisa did it again: City Airline inked contract with Softec for MonaLisa
Nov 2008
Softec’s MonaLisa is being chosen by City Airline to take care of its revenue accounting. MonaLisa has been selected due to its accurate & on time revenue accounting processing capability.
With more than fifteen years experience in this area, MonaLisa has grown up to a product already being implemented at more than 40 airlines world-wide, which speaks about the quality & reliability of the system itself.
About City Airline
City airline is a regional airline, started in 2001 in Gothenburg, Sweden. It is privately owned and operates a small European network, as well as charters and wet leases.
About Softec GmbH
Softec GmbH, a leading software solutions provider to the airline industry in revenue accounting, operations & business intelligence space.
To know more, please write to us at sales@niit-tech.com
SmartWings joins Softec Family by selecting MonaLisa for revenue accounting
Aug 2008
Softec GmbH, a leading software solutions provider to the airline industry in revenue accounting, operations & business intelligence space, today announced that SmartWings airline has chosen Softec’s MonaLisa revenue accounting product.
MonaLisa will help the airline to do accurate accounting within the stipulated time period, reduce revenue leakage & increase revenue recovery.
About SmartWings
SmartWings is based in Prague, Czech Republic and offers low cost flights in Europe with modern and comfortable jet aircraft. SmartWings is owned by Travel Service, an Iceland air Group Company.
Softec’s MonaLisa revenue accounting system has been selected by AirA!ps
July 2008
AirA!ps will shortly start using Softec’s MonaLisa –Revenue accounting solution for its revenue accounting.
The Solution is an end-to-end, exhaustive solution, developed to deliver efficient revenue accounting with accuracy while achieving deadline. The product also helps in transforming the process into decision making tool by providing various kinds of reports.
About AirA!ps
AirA!ps is an independent Austrian regional airline, offers short and medium range scheduled and charter flights with a unique service and quality standards, extreme flexibility and high reliability and punctuality.
Softec’s MonaLisa has been elected by Myanmar Airways
March 2008
Myanmar Airways has chosen Softec’s MonaLisa - revenue accounting solution as part of its efforts to improve accuracy, increase productivity and reduce revenue leakage.
Softec’s MonaLisa is a comprehensive next-generation solution enabling airlines to seamlessly and efficiently complete the revenue accounting processes with accuracy & on time.
About Myanmar Airline
Myanmar's original and only national airline, Myanmar Airways, is the national flag carrier and state-owned airline of Myanmar, based in Yangon. It operates scheduled services to all major domestic destinations.
Nepal Airline selects Softec’s MonaLisa revenue accounting solution.
Softec GmbH, a leading software solutions provider to the airline industry in revenue accounting, operations & business intelligence space, announced that Nepal Airline, National carrier of Nepal, has chosen Softec’s MonaLisa revenue accounting product.
Softec’s MonaLisa will fulfill Nepal airline requirement of having accurate & on time revenue accounting.
MonaLisa is comprehensive end-to-end revenue accounting solution that will help Nepal Airline to solve the complex puzzle of revenue accounting easily, so that the airline can save time & utilize the same in its core activities.
About Nepal Airline
Nepal Airlines, formerly known as "Royal Nepal Airlines", is an airline based in Kathmandu, Nepal. It is the government owned national flag-carrier airline and operates more than 30 domestic and 7 international routes.
Air Berlin signs up
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NIIT Technologies acquires German-based SofTec GmbH
SofTec GmbH to complement NIIT Technologies’ strengths in the Travel, Transportation and Logistics vertical New Delhi, Thursday 28, 2008: NIIT Technologies Limited, the global IT solutions organization, today announced that it has acquired German-based SofTec GmbH, a specialist in providing IT solutions and services in the airline revenue accounting and operations space. The acquisition will further strengthen NIIT Technologies’ presence in the Travel, Transportation and Logistics vertical. The new company would be a wholly owned subsidiary of NIIT Technologies Ltd, India. “I am delighted that NIIT Technologies has chosen SofTec for its centre of excellence for airline systems”, Mr. Peter Oncken, Managing Director of Softec said. “SofTec’s state-of-the-art financial and operations solutions have been implemented by more than 40 airlines mainly in Europe. SofTec’s industry specialization and access to the complete portfolio of NIIT Technologies’ services will enhance value to our customer base”, Mr. Oncken further stated. “The individual strengths of NIIT Technologies and SofTec are complementary. The acquisition will strengthen our domain leadership to reinforce our position in the Travel, Transportation and Logistics space.”, said Mr. Arvind Thakur, Chief Executive Officer of NIIT Technologies. NIIT Technologies has a strong presence in the Travel, Transportation and Logistics domain through its association with the industry leaders like British Airways, Sabre, DB Systel, Emirates and SATS
About SofTec GmbH
About NIIT Technologies Travel, Transportation and Logistics vertical
Air Namibia outsources Revenue Accounting to Softec
Air Namibia, one of Africa’s prime carriers has signed a 5-year contract for revenue accounting processing services with Softec, a leading provider of revenue accounting and operational software solutions to the airline industry.
Softec will provide revenue accounting processing services to Air Namibia from its services centre in Reichenschwand, Germany, and will provide complete revenue accounting services including the processing of sales and uplifts. Claims, declaration of revenue with comprehensive account potings for the general ledger, management of deals and a decision support intelligence.
"Air Namibia has already started to enjoy the full advantage of the unique benefits that our outsourcing solution provides. They are assured of fast and accurate management information which provides invaluable inputs to their strategy", Peter Oncken, Managing Director of Softec said.
Just a few weeks ago Softec announced major contracts providing the modern and flexible revenue accounting solution MonaLisa to Air Malta, MAT Macedonian Airlines, Canada’s Air Inuit, Morocco’s Regional Airlines and Iceland Air, as well as LAM Aereas de Mocambique and Air Botswana.
Softec forges strategic partnership with TRXData, Inc.
Reichenschwand, June 22 , 2007: Softec today announced a strategic partnership wherein US-based TRXData, Inc. will market and support Softec's flagship ‘MonaLisa' software for airline revenue accounting solutions to North American airlines. Commenting on the partnership, Rom Solene, President and CEO of TRXData, Inc., said: “We continuously strive to conceptualize and deliver services that are geared to provide superior customer satisfaction. Our partnership with Softec will play a vital role in this regard wherein we can offer increased value to our airline partners who will now be able to realize greater cost efficiencies with the latest airline revenue accounting solutions.” Peter Oncken, Managing Director of Softec, said, “Offering intelligent software solutions to airlines has always been our substantial ambition and the constructive partnership with TRXData allows us to extend the beneficial product range by excellent service options. This collaboration opens up new vistas for carriers looking for an efficient and flexible revenue accounting, Fare Audit and group sales handling.” Softec GmbH is a leading provider of airline financial and operations application solutions and has over 30 airlines in its client portfolio. TRXData, Inc. provides finance and accounting services, call center services, and human resources services to North American and European businesses. For more information, visit TRXData website at www.trxdata.com.
Revenue development and outlook for 2007
With Icelandair, Mocambique’s LAM and Air Botswana joining the Softec family in the end of 2006 Softec re-ported strong results for the 4th quarter 2006 with the company achieving a revenue increase of 53% as com-pared with the corresponding quarter 2005. This very positive development continues in 2007 with Air Malta, Air Namibia, Morocco’s Regional Air Lines, Canada’s Air Inuit and Macedonia’s MAT joining up as well and with Softec having 36 airline customers as up to now. We expect a further revenue increase in the 1st quarter of this year of 62% compared to the corresponding quarter 2006.
Softec proudly presents...
Air Malta Malta’s flag carrier signed up for the MonaLisa Revenue Accounting solution which will be operated through World Aviation Services, an Air Malta outsourcing entity. With near to 2 million passengers per year Air Malta has decided to opt for MonaLisa and will soon be enjoying the benefits of the passenger revenue accounting solution. Advantages for Air Malta will include the swift determination of revenue, boosted productivity and efficiency, slashed accounting costs and refined processes. Customization has already started and Air Malta will be going live with the system latest by July 2007.
Regional Air Lines Morocco’s Regional Air Lines has decided for the MonaLisa Revenue Accounting solution for running it completely inhouse. Going live on 1st May 2007, the FN Revenue Accounting team will now be well trained by experienced Softec employees during the next weeks on all program related issues to ensure a smooth integration.
Air Inuit This Canadian regional carrier based in Montreal settled not only to acquire the Revenue Accounting software, but also MonaLisa’s operational modules Crew Scheduling and Logbook Management being installed completely inhouse. The new MonaLisa family member already went live with the program.
MAT Macedonian Airlines Also the national Macedonian carrier MAT has not only chosen to go for the Revenue Accounting software, but also MonaLisa’s operational modules Logbook Management and Movement Control. The system will run on a hosting basis at Softec’s modern IT data center, currently the migration and customization processes are defined in very smooth cooperation with the airline.
Softec Customer Meeting 2007
Air Baltic runs IBE of Softec Strategic Partner 2e
MonaLisa is going Africa!
Softec is very proud to welcome
Icelandair LAM - Linhas Aereas de Mocambique and Air Botswana within the MonaLisa family, which consists now out of more than 30 carriers worldwide. All three options to run MonaLisa are represented by the new clients: Running the software completely inhouse, technically hosted and as a service in cooperation with the Softec Strategic Service Partner ASE (Air Services Estonia).
With LAM and Air Botswana, MonaLisa is finally stepping into the African airline market, a strategic step very much awaited with Africa being one of the emerging airline markets of the future. And we want to be present to see it come!
Extended IATA Partnership
LTU
New Airline keyboard solution
Aegean Airlines runs ML Groupsales
flyLAL runs MonaLisa Crew Scheduling
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