Main Results
78% improved contract compliance
83% more spend under discount
Streamlined supplier selection through RFQs, RFIs, and Reverse Auction
Enhanced internal and partner collaboration, leading to increased speed of business
Maverick spending reduced by 28% in the first quarter
Robert Lambert
CFO
Context
While in the past, the airline industry was characterized for high returns, following the aftermath of the coronavirus pandemic lockdowns, the industry is operating, at best, on razor thin margins. Small to medium-sized airlines have suffered the most during this period and continue to do so, even as more flights are taking to the skies with the easing of restrictions.
Competition is expected to be fierce in the airline industry, putting SkyHigh Airways - a small airline with a fleet of 5 planes - in a tough position. They turned towards Prokuria as a means of streamlining their sourcing, increasing internal efficiency, and lower Maverick spend.
Resolution
In a matter of several months, SkyHigh Airways was able to increase both internal and external communications with partners and suppliers, limiting any potential downtimes, and grealy lowering their Maverick spend. This has helped increase profitability and drive more discounts for customers looking to book flights. The user-friendly Prokuria platform has also facilitated better supplier management through the use of audit logs, automation, and supplier scorecards.
