How Airports Reach Growth Goals with Digital Transformation
01/11/22 • 15 min
As airports seek to diversify revenue streams away from passenger traffic, many are facing roadblocks due to insufficient processes and outdated systems. This podcast explores ways that airports can optimize existing processes and improve financial performance by upgrading their technology platforms through digital transformation. Greg Miller, Leader of Cherry Bekaert’s Government Services’ Transportation Team, is joined by his colleague, Jim Holman, Leader of the Firm’s Digital Advisory Strategy and Operations Group, to discuss the emerging technologies that airports should be investigating, best practices to achieve their optimal technology goals, and key considerations regarding outsourcing services.
As airports seek to diversify revenue streams away from passenger traffic, many are facing roadblocks due to insufficient processes and outdated systems. This podcast explores ways that airports can optimize existing processes and improve financial performance by upgrading their technology platforms through digital transformation. Greg Miller, Leader of Cherry Bekaert’s Government Services’ Transportation Team, is joined by his colleague, Jim Holman, Leader of the Firm’s Digital Advisory Strategy and Operations Group, to discuss the emerging technologies that airports should be investigating, best practices to achieve their optimal technology goals, and key considerations regarding outsourcing services.
Previous Episode
The Impact of GASB Pronouncements on Airports
This podcast examines the impact on airports of pronouncements created by the Government Accounting Standards Board (GASB). Cherry Bekaert is honored to have one of the Firm’s Directors, Scott Anderson, currently serving as one of two Practice Fellows with GASB. This discussion features Scott’s review of key GASB accounting standards that can help improve financial reporting for airports. Greg Miller, Leader of Cherry Bekaert’s Government Transportation Group, and Lauren Strope, Director with the Firm’s Government Services Group, lead the conversation that offers listeners a rare opportunity to hear an insider’s view of current and future GASB pronouncements.
Disclaimer: Scott's views expressed in this presentation are his own. Official positions of the GASB are reached only after extensive due process and deliberations. We are not providing accounting, financial report or tax advice on this podcast. Please consult with your accounting and tax advisors or Cherry Bekaert for more guidance.
Next Episode
How GASB 87 Impacts Airports
GASB 87 procurements impact airports as both lessees and lessors. This podcast examines the specific parts of GASB 87 that airports need to address. Cherry Bekaert’s Greg Miller, leader of Cherry Bekaert’s Government Services Transportation Team, sits down with Alex Wiley, Senior Manager with the Firm’s Risk and Accounting Advisory Services, to discuss the GASB 87 lease requirements. Topics covered include:
- What are aeronautical leases and how to report them
- How airports report non-regulated leases
- Guidelines for tracking leases
- When to consider software tracking technology
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