{"id":687,"date":"2024-10-26T23:33:33","date_gmt":"2024-10-26T23:33:33","guid":{"rendered":"https:\/\/whitesquires.xyzulu.dev\/?p=687"},"modified":"2024-10-26T23:49:54","modified_gmt":"2024-10-26T23:49:54","slug":"streamlining-finance-for-a-major-international-airport","status":"publish","type":"post","link":"https:\/\/whitesquires.xyzulu.dev\/?p=687","title":{"rendered":"Streamlining finance for a major international airport"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"687\" class=\"elementor elementor-687\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-18e92252 e-con-full e-flex e-con e-parent\" data-id=\"18e92252\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ada4877 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"4ada4877\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Streamlining finance for a major international airport<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-59c92c7 e-con-full e-flex e-con e-parent\" data-id=\"59c92c7\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-4af311f e-con-full e-flex e-con e-child\" data-id=\"4af311f\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ffc5378 e-con-full e-flex e-con e-child\" data-id=\"ffc5378\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-53b8970 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"53b8970\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"flex flex-grow flex-col max-w-full AIPRM__conversation__response\"><div class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"7d8a4ff8-d9a5-43eb-8fbd-1d23a1ee283b\"><div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><div class=\"flex max-w-full flex-col flex-grow AIPRM__conversation__response\"><div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"41bddb13-25ce-4696-9d51-b824e29f1ed1\" data-message-model-slug=\"gpt-4\"><div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><p><span style=\"letter-spacing: 0px; word-spacing: 0em; background-color: var( --e-global-color-primary );\">Leveraging its deep expertise in financial operations, White Squires conducted a meticulous review and overhaul of financial systems at Brisbane Airport. By automating and optimising processes, White Squires not only streamlined reporting and reduced staffing needs but also unlocked significant tax savings, showcasing their ability to translate complex financial data into actionable business intelligence.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-af6c858 e-con-full e-flex e-con e-child\" data-id=\"af6c858\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-3a1ee85 e-con-full e-flex e-con e-child\" data-id=\"3a1ee85\" data-element_type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a70b565 e-con-full e-flex e-con e-parent\" data-id=\"a70b565\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-4028810 e-con-full e-flex e-con e-child\" data-id=\"4028810\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-e00b1c0 e-con-full e-flex e-con e-child\" data-id=\"e00b1c0\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46cec1c elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"46cec1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"flex flex-grow flex-col max-w-full AIPRM__conversation__response\"><div class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"7d8a4ff8-d9a5-43eb-8fbd-1d23a1ee283b\"><div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><div class=\"flex max-w-full flex-col flex-grow AIPRM__conversation__response\"><div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"41bddb13-25ce-4696-9d51-b824e29f1ed1\" data-message-model-slug=\"gpt-4\"><div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><p><strong>Challenge<\/strong><\/p><p>Brisbane Airport, managing extensive assets and substantial revenues, was stifled by outdated systems and disjointed processes within its finance department. This inefficiency was a barrier to supporting their growth and operational needs.<\/p><p><strong>Solution<\/strong><\/p><p>White Squires initiated a comprehensive review of the airport&#8217;s financial operations, identifying critical inefficiencies and opportunities for enhancement. The project encompassed modernising management reporting, automating key financial processes, and revamping tax calculations and supplier payment methods.<\/p><p>Our solution include:<\/p><ul><li>Reviewing the key elements of the Finance Operating Model, documenting critical priorities and deadlines, pain points, control weaknesses and improvement opportunities.<\/li><li>Overhauled and modernised Management reporting, including implementing TM1 and\u00a0 introducing segment reporting.<\/li><li>Automated key elements of Procure to Pay and Billing Processes.<\/li><li>Reviewed historic tax calculations and resubmitted tax returns.<\/li><li>Forensically analysed Supplier Payments.<\/li><\/ul><p>Managed the successful tendering of External Audit services which resulted in the first change in auditors in 20 years<\/p><p><strong>Impact<\/strong><\/p><p>The transformation had significant impact on Brisbane Airport operations,\u00a0<\/p><ul><li>Reducing the time required for management reporting from ten days to just three<\/li><li>Decreasing transactional staff numbers<\/li><li>Achieving substantial tax refunds and cost savings in auditing fees.<\/li><\/ul><p>This revitalisation enabled the finance team to add value strategically and support ongoing business expansion effectively.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dddd51b e-con-full e-flex e-con e-parent\" data-id=\"dddd51b\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29d8e2f1 elementor-widget elementor-widget-heading\" data-id=\"29d8e2f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">more insights<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-328c39cd elementor-grid-tablet-1 elementor-grid-3 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"328c39cd\" data-element_type=\"widget\" data-settings=\"{&quot;classic_columns_tablet&quot;:&quot;1&quot;,&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:52,&quot;sizes&quot;:[]},&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-687 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=687\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights-768x432.png\" class=\"attachment-medium_large size-medium_large wp-image-542\" alt=\"\" srcset=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights-768x432.png 768w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights-300x169.png 300w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights-1024x576.png 1024w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights.png 1366w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/whitesquires.xyzulu.dev\/?p=687\" >\n\t\t\t\tStreamlining finance for a major international airport\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tOctober 26, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Leveraging its deep expertise in financial operations, White Squires conducted a meticulous review and overhaul of financial systems at Brisbane Airport. By automating and optimising processes, White Squires not only streamlined reporting and reduced staffing needs but also unlocked significant tax savings, showcasing their ability to translate complex financial data into actionable business intelligence.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=687\" aria-label=\"Read more about Streamlining finance for a major international airport\" tabindex=\"-1\" >\n\t\t\tRead more &gt;\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-580 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=580\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights3-768x432.png\" class=\"attachment-medium_large size-medium_large wp-image-544\" alt=\"\" srcset=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights3-768x432.png 768w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights3-300x169.png 300w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights3-1024x576.png 1024w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Insights3.png 1366w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/whitesquires.xyzulu.dev\/?p=580\" >\n\t\t\t\tTransforming operations in global education\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tOctober 26, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>An international education provider faced significant challenges in managing its administrative functions, which were hampering its working capital efficiency. This blog delves into how White Squires transformed these challenges into an opportunity for streamlined operations and enhanced financial management.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=580\" aria-label=\"Read more about Transforming operations in global education\" tabindex=\"-1\" >\n\t\t\tRead more &gt;\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-564 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=564\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Team-768x432.png\" class=\"attachment-medium_large size-medium_large wp-image-546\" alt=\"\" srcset=\"https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Team-768x432.png 768w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Team-300x169.png 300w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Team-1024x576.png 1024w, https:\/\/whitesquires.xyzulu.dev\/wp-content\/uploads\/2024\/10\/White-Squires-Team.png 1366w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/whitesquires.xyzulu.dev\/?p=564\" >\n\t\t\t\tStreamlining bank operations for enhanced decision making\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tOctober 26, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>In a fast-evolving financial landscape, a major customer-owned bank with assets exceeding \u00a310 billion faced a crucial barrier: the lack of detailed insights into the profitability of its various products, channels, and branches. This gap hindered its ability to make strategic decisions crucial for sustained growth and competitiveness. Recognising the need for a more dynamic approach, White Squires collaborated closely with the bank&#8217;s Board and Senior Management to engineer a sophisticated cost allocation model. <\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/whitesquires.xyzulu.dev\/?p=564\" aria-label=\"Read more about Streamlining bank operations for enhanced decision making\" tabindex=\"-1\" >\n\t\t\tRead more &gt;\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-58c0c83d e-con-full e-flex e-con e-parent\" data-id=\"58c0c83d\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-d737f8d e-con-full e-flex e-con e-child\" data-id=\"d737f8d\" data-element_type=\"container\" 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