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