BACK
In the complex ecosystem of aviation leasing and finance, the margin for error is non-existent. Over the past 18 months, Waystone and cloudcards have forged a partnership built on a foundation of shared commitment to data integrity, operational transparency, and premier client service. This partnership represents the perfect combination of expertise and cutting-edge Asset Management technology.
“Our partnership with cloudcards has been transformative. By combining our deep industry knowledge with cloudcards industry leading Asset Management platform, we have the ability to offer our clients a level of transparency and efficiency that was previously impossible. It is a partnership built on shared values and a shared vision for the future of aviation management.” Caroline Jones, Executive Director, Waystone.
Waystone: Setting the Gold Standard in Corporate Aviation Services
Waystone is internationally recognised as the leading provider of institutional governance, administration, risk, and compliance services to the global asset management industry. In the niche high performing sector of aviation, Waystone offers a holistic suite of services including specialised corporate structures, asset management support, and regulatory oversight.
A key differentiating factor for Waystone is their uncompromising commitment to client excellence. For Waystone’s clients—ranging from global lessors to private investors—the peace of mind provided by Waystone’s high-end service is their most valuable asset.
The Catalyst for Change: Why Waystone Chose Cloudcards?
As Waystone’s aviation client base continues to grow and expand, the limitations of traditional, siloed software systems became apparent. To maintain their reputation for excellence, they needed to advance to a dynamic cloud-based software provider that offered the best in Asset Management technology but also support.
Waystone required an Asset Management platform that provided advanced features to cater for the full lifecycle of all aviation transactions while showing a “single version of the truth.” The move to cloudcards allowed for increased scalability, better risk mitigation through automated data validation, and the ability to provide their own clients with tailored, faster, more accurate reporting on asset status and finances.
A Proven Blueprint for Implementation
The transition of a multi-client portfolio is often viewed as a high-risk endeavor, but Waystone’s migration to the cloudcards platform over the past 18 months has been a model of efficiency. By utilising a phased approach, the transition was achieved smoothly, on time, and strictly within budget.
This wasn’t just a simple data migration; it was a collaborative optimisation process. The cloudcards team worked hand-in-hand with Waystone’s experts to ensure that the platform was fully exploited and that all the functionality met theirs and their clients needs. This proactive approach meant that Waystone’s team experienced zero downtime, allowing them to continue delivering uninterrupted, high-level service to their clients throughout the entire onboarding period.
The Waystone Advantage: Powered by Cloudcards
The integration of cloudcards has provided Waystone with a competitive edge, defined by four key pillars:
- Intuitive Software Design: Unlike legacy aviation software that is often clunky and over-engineered, cloudcards is built in a user friendly and intuitive manner. The interface is clean and logical, allowing Waystone’s team to navigate complex asset data with ease, reducing errors and increasing daily productivity.
- Breadth of Functionality: cloudcards offers a single version of the truth. Whether it is tracking technical records, managing complex lease events, or monitoring asset values, the cloudcards Asset Management software provides a 360-degree view of the fleet. This allows Waystone to offer deeper insights and more proactive advice to their clients. In addition, significant manhours have been saved monthly using the bulk invoicing, approval & sending functionality and even more manhours will be saved with the introduction of the new bulk utilisation uploading.
- Accounting Integration: cloudcards is currently assisting Waystone to integrate all financial transactions and map them to the Waystone accounting platform, Xero. This will further reduce manual repetitive work steps and provide Waystone with an enhanced automated integrated transaction accounting solution
- Dedicated Support Services: In the 24/7 world of aviation, support is critical. Waystone benefits from cloudcards’ “customer-first” support model. Having a partner that understands the technical nuances of aviation—not just the software—means that Waystone always has an expert resource to lean on.
