Budget airline easyJet is deploying Cognos enterprise resource planning software to replace an existing system that uses Excel workbooks.
From this month Cognos Planning is being used across all of easyJet’s fixed costs and consolidated profit and loss accounts.
Paul Gibson, easyJet’s planning and analysis manager, said the company struggled with spreadsheets due to the complexity of the planning models. Collating the information was also time-consuming, as the business users had to report to financial analysts, who then updated the system.
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The Cognos roll-out is to be extended next July to include forecasting revenue for different air routes, predicting how many people will travel on different routes, and building models to track aircraft maintenance schedules, fuel usage and airport costs.
Once this is achieved, Gibson expects the company will be able to reduce the planning cycle from two months to four to five weeks.
The software will also provide a full audit trail, Gibson said.