Aircraft portfolio management specialist Essential Jet Solutions (EJS) is working with AI-powered spend management platform MySky to improve the procurement process. The companies announced their alliance on Tuesday at MEBAA 2024.

According to the partners, by combining their technology and processes they aim to improve visibility, operational efficiency, compliance and financial control for aircraft owners and operators. They also expect to deliver significant cost efficiencies in managing expenses for fuel, ground handling, and airport charges.

EJS’s expertise in vendor network optimization, compliance and reporting are expected to enhance MySky Procure’s intelligent comparison, contract negotiation, and auditing capabilities. Other MySky applications include Budget, Quote, Spend, and Tax. Between them, the partners already support around 1,500 aircraft worldwide.

“EJS has produced a cutting-edge, additional lens of value for MySky’s customers,” said MySky co-founder Chris Marich. “No one in the procurement and portfolio management sector has invested more in their tech than EJS, and we share a vision of how that tech should be leveraged in the future of business aviation.”

MySky and EJS said the improvements to the Procure system will help users with tasks such as running tenders and reconciling purchase orders. “Now users will be able to connect everything under one ecosystem and be fully integrated with MySky’s suite of products, helping aircraft owners to control their costs. We like to think of this solution as an extension and enhancement of customers’ operations teams.”