Malaysia Airlines to Install Integrated Financial Management System

Malaysia Airlines and QSP Asia Pacific Pty Ltd signed an agreement Tuesday to upgrade the airline's Integrated Financial Management System to the most modern version, e5 QSP Financials Manager.

The e5 QSP Financials Manager delivers vital information to airline senior management, and is a substantial upgrade to the 4.5.2 version in current use. The upgrade will result in improvements to the level of management reporting and control; route profitability analysis and other business analysis; enhanced staff productivity through greater automation and enable effective monitoring of day-to-day operations and overall company performance. The system also allows the airline to improve its business process efficiency and respond quickly to market dynamics.

At the signing ceremony in Kuala Lumpur, Mr Low Chee Teng, Chief Financial Officer Malaysia Airlines, said, "On board our aircraft, the captain controls the flight by having a cockpit view of all relevant information to ensure safe operation in all areas and punctuality. Similarly, the e5 QSP Financials Manager will provide a corporate cockpit view of all relevant company information assisting us realise our business objectives, especially in enhancing company profitability."

Mr Stephen Mackley, Chief Executive Officer QSP Asia Pacific, added, "Malaysia Airlines leads the way in many aspects of the industry, receiving awards for World's Best Cabin Staff and Most Improved Investor Relations Company. The QSP Financials Manager will provide the airline with the tools to support strategic and operational function and implement best practice in finance. We are proud to include such a prestigious airline among our customers."