IAG GBS provides a centralised finance function to partner companies within the Group. Our objective is to deliver robust financial activities with the best quality service and maximum cost efficiency.
By embedding best practice and embracing our new dynamic culture, we’ve created a ‘plug & play’ platform that is advanced and scalable – supporting our partners and preparing them for significant growth.
Financial Planning & Analysis (FP&A) and Record to Report (RTR)
IAG GBS is leading change and playing an integral role in the consolidation of the whole Group. Working directly with our partners, we provide efficient month-end closure, performance reporting, variance analysis, dashboards, forecasts and budgets.
Our analysts are encouraged to develop a deep understanding of a particular aspect of the business – providing greater expertise and a dynamic team that is able to comment on performance, make decisions in real-time and advise the business at the highest level.
Managing tax compliance and tax risk on a global scale is critical to the growth of IAG. With specialists in finance and law, we have a comprehensive view and a very capable team for managing tax across the entire Group.
Our tax team is responsible for preparing indirect tax returns, VAT account reconciliations, analysis of tax transactions, tax reporting and tax forecasts (current and deferred), and everything our partners need to proactively manage tax in order to operate more effectively.
IAG GBS OTC is responsible for the effective management of all receivables and operational activity relating to sales and interline settlements, across the Group and all IAG GBS subsidiaries.
Key processes include credit and customer master management, billing and cash and collection.
Demonstrating its commitment to effective end-to-end debt management, IAG GBS OTC works in close collaboration with the following teams:
- Accounts reconciliation for all sales agencies - to oversee all billings and settlements and ensure balance sheets are processed with the utmost accuracy and care.
- IAG GBS Commercial - to ensure critical due diligence is carried out to manage full-cycle risk and impact for all Credit-to-Cash operations.
- Passenger, Cargo and Engineering - to ensure a consistent Credit Policy is used across all IAG operations.
OTC will continue to play an instrumental role in 2017 to drive growth, by developing and implementing effective processes across all Revenue Accounting operations.
We work with our customers to drive efficiencies.