FLYdocs, the aviation data and digital records management solution provider, has officially launched its new Asset Management Platform at MRO Americas 2019. In leading the digital innovation charge in aviation software, FLYdocs is taking a huge step forward in helping lessors and airlines realise the full benefits of embracing a paperless future.
Within the cloud-based Asset Management Platform, lessors have instant access to the most business-critical information regarding the contractual obligations of their lessees to ensure ongoing compliance. Additionally, users can also tap into the data they need to manage and protect the value of their aircraft and engine portfolios throughout the term of the lease. Airlines not building up external Maintenance Reserves benefit from being able to more accurately predict Maintenance Event Intervals/Cost and budget for them through their own internal accruals.
“One of the largest challenges for lessors and lessees has been the inability, using current software, to accurately forecast maintenance reserves and end-of-lease compensation, which can have a major impact on business health and asset value,” comments Mark Hadfield, FLYdocs’ Head of Asset Management.
“That’s until now! Using real-world expertise from within the FLYdocs team, we’ve built the most advanced algorithms for calculating precise and accurate maintenance reserve and EOL compensation cash flow forecasts to help reduce risks and allow users to make financial decisions with confidence.”
