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Giving planes a second life: How cloud accounting helps S’pore-founded aviation start-up take flight in the US

The Straits Times LogoThe Straits Times3d ago

Giving planes a second life: How cloud accounting helps S’pore-founded aviation start-up take flight in the US - The Straits Times

Quick Summary:

At the outset, Nandina REM needed a financial platform that could keep pace with complex supply chains and international operations, says Ms Cady.

In Oct 2023, Nandina REM partnered with Sumitomo Corporation Asia & Oceania to scale the world-first Aviation-to-Electric Vehicle (EV) Circular Economy Model, enabling the start-up to produce verifiable low-carbon alloys prioritised for automotive EV customers.

This makes it easy for the firm to accurately track and extract that data when needed, such as when calculating and reporting on sustainability compliance.“By capturing supplier locations, shipping methods and invoice data within the financial system, Xero allows our team to extract relevant financial transactions required to calculate greenhouse gas emissions data,” she explains.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 04:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1162 words

Reading Time: 7 minutes read

Sentences: 41 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28480676

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About The Straits Times

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 3 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 18 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #25

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