In a webinar session on 5 August 2021 moderated by Desmond Goh of Eaton Aerospace and member of AAIS’ Management Committee, we were pleased to welcome Ms Winnifred Yeo (“Winni”) of IATA Asia Pacific to speak about Industry Financial Resilience and IATA. Winni spoke about IATA’s role in advocacy and standardisation. She also explained how IATA’s e-invoicing service and IATA Clearing House (ICH) facilitate payments between airlines, suppliers and governments. The e-invoicing service simplifies procedures, standardises invoice formats, facilitates reconciliation, settlement of disputes and ultimately enables timely payments, The ICH performs settlements in various currencies, reduces risks, improves cash flow and has achieved close to 100% on-time payments for several years. We thank Winni for showing how some MROs and other suppliers are already taking advantage of this for improved financial resilience and efficiency.
Watch this Webinar below:
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