AirAsia Expedia has selected Anaplan to improve its budget forecasting and planning for territorial alignment across the region.
AirAsia Expedia is a joint venture between AirAsia, a low-cost airline, and Expedia, an online travel agency.
Anaplan is a cloud-based, in-memory modelling and planning platform for finance, sales, and operations.
The two companies said in a statement that as a joint venture startup, a major initial challenge for them was the integration of data from the systems of both parent companies, resulting in incompatible solutions.
"The travel industry is highly dynamic, so we wanted something flexible, fast and user-friendly to collate our information in real time for business analysis," said Henry Tjan, Head of Forecasting, Planning and Analysis, AirAsia Expedia. "Anaplan gave us the solution we were looking for, and we were impressed to find that implementation took only six weeks, compared to many months for previous attempts with other technologies."
Anaplan now connects the two brands, 22 points of sales and 14 channels for AirAsia Expedia across Asia.
"With the old system, we had various spreadsheets that were up to 60 megabytes in size," Tjan said. "It was almost impossible to navigate. We had 300 to 400 formulas in the spreadsheets, and each time we had a new point of sale, we had to change the formulas and relink related files. We implemented Anaplan with zero scripting or coding. It was completely streamlined, and finance can make changes at any point in time."
AirAsia Expedia opened their Hong Kong site in July, and recently unveiled a strategy to offer more localised services in Asia.
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