Gartner Report: IATA Outsources Applications to BearingPoint. View the Report.

On October 28, 2003 BearingPoint announced it had signed a major six-year managed services outsourcing contract to implement, manage and staff an invoice management service launched by the International Air Transport Association (IATA) for the air travel industry. The service, referred to as the IATA InvoiceWorks, will be deployed via the Internet and will be hosted by BearingPoint. A new report from Gartner takes a closer look at the objectives of this engagement and the applications management and business process outsourcing solutions that will be provided by BearingPoint.

"Key benefits that this service will deliver to the airline industry and its trading partners include:

• Elimination of paper invoices and manual processes, enhancing efficiency and reducing costs
• Increased control over invoice workflow and approval
• Increased visibility into the status of invoices and payments
• More efficient management of working capital and cash flow
• On-line query and issue notification and resolution.

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