Aero Management Solutions has released Air Ledger version 1.0, a proprietary web-based program that enables owners to review aircraft-related expense data in real time.
Air Ledger facilitates secure financial transparency and communication between aircraft owners and their aviation managers, according to company officials. Because it is “cloud-based,” owners and managers can review expense data and submit invoices via the Internet without special software.
Air Ledger gives aircraft owners the ability to configure financial reports that meet their individual needs, while at the same time minimizing the risk of paper invoices and receipts getting lost, officials note, adding Air Ledger is scalable, and serves operations or all sizes, from owner-operators to in-house multi-aircraft flight departments and management companies.
“Our years of client experience have demonstrated that frequent communications and availability of real-time aircraft financial information minimizes unpleasant surprises and makes for better relationships between aircraft owners and those responsible for day-to-day aircraft operations” said AMSL co-founder and aviation attorney Stewart Lapayowker. “Owners want to stay informed and managers want to provide them with the information that they need to make decisions.”
“Aviation managers have historically bundled paper invoices and expense receipts and sent them to the home office for processing, without knowing if and when they are reviewed, processed or paid,” said Ramon Rodriguez, CPA, co-founder of AMSL. “Now, not only will transmittal of such information be timely, but managers will see instantly when the information has been reviewed by their owner’s representative. An additional benefit is that, with the uploading of scanned information, paper is minimized, and time spent by an owner’s accounting personnel is reduced.”
Air Ledger is available at AirLedger.com for a monthly subscription of $199.99 per aircraft, and includes a 30-day free trial.