Technology provider MySky (Booth E57) has added new features to MySky Spend, its AI-driven expense management product, the company announced at EBACE.
MySky Spend allows clients to automate financial processes. The software updates “are designed to provide customers with more efficiency and security by enhancing visibility of their expenses and [charter] flight margins and simplifying control over invoice charges,” said MySky CEO and co-founder Kiril Kim.
The software’s latest update includes a redesigned user interface and calendar, with enhanced access to financial information, and an analytics page allowing aircraft owners and operators to customize their own dashboard summaries. Clients can also set and track spend management KPIs and monitor charter margins.
Additionally, MySky has integrated its Spend application with the company’s other financial solutions, MySky Quote and MySky Budget. The combination of the three products in one digital ecosystem “increases their value tenfold, allowing customers to compare budgeted costs against invoices, or predict flight costs using contracted prices registered in MySky Spend,” the Geneva-based company said.
“With so many new owners and passengers joining the market, we’ve had the opportunity to demonstrate how we can make our clients more agile in adapting to increased demand,” said Kim. With this heightened level of efficiency and visibility, our clients can take on more business than ever before without the need to spend on additional resources on administrative support.”