AI-powered spend management platform MySky has announced an agreement with S&P Global Platts, a provider of information, benchmark prices and analytics for the energy and commodities markets, the company said.
Under the terms of the agreement, MySky clients will be able access S&P Global Platts´ comprehensive database of global jet fuel price assessments, in an effort to construct the most precise benchmarking tool on fuel costs for private aviation owners, operators and consultants. This new capability will enhance MySky´s existing platform, making it the most reliable source of information available.
The MySky platform brings financial transparency to the industry for the first time, providing users with proprietary IT tools that automate essential tasks including data administration, benchmarking, budgeting, and reporting. The inclusion of S&P Global Platts jet fuel price assessment data will help establish a more fair and dynamic competitive landscape for industry suppliers, allowing them to accurately benchmark fuel costs.
MySky brings standardization and transparency to an unregulated industry. The platform, a proprietary financial management solution, helps to decrease costs and optimize time for private jet owners, operators and consultants.