The port, which is jointly owned by the Nelson City Council and the Tasman District Council, has been using the cloud-based CPM from Adaptive Insights since 2014.
“Operating in a port environment requires an ability to react quickly to seasonal and operational challenges and therefore the finance team is challenged to deliver-up-to-date reports that are influential for key business decisions,” says Port Nelson finance manager Mason Robinson.
“We realised we were wasting crucial hours consolidating data and working off different systems so sought a solution to assist in streamlining these operations,” Robinson says in a statement.
We have now gained the capacity to provide insightful, accurate reports that save time spent on cycles by up to 320 hours each quarter.
He adds: “We have now gained the capacity to provide insightful, accurate reports that save time spent on cycles by up to 320 hours each quarter.”Read more: The State of the CIO 2015: The digital mindshift
The system was tested last year when a hail storm was initially reported to have destroyed 50 per cent of Nelson’s apple crop.
This significant incident impacting on the port occurred two days before a Board meeting. Using the Adaptive Insights, Robinson says the CEO and CFO were very easily and accurately able to advise the Board of the possible impact of the incident to the Net Profit After Tax line.
The company also worked with GK Horizons to deploy Adaptive Planning. This helped strengthen the organisational workflow and reduce resources spent combining spreadsheets and consolidating data. Before this, the port relied on Excel spreadsheets.Read more: 5 (non-technology) lessons from an ERP implementation
The cloud-based financial planning software was also decentralised from the finance department, and provided business managers complete ownership of management and finance processes.
Send news tips and comments to email@example.com
Follow Divina Paredes on Twitter: @divinapRead more: Preparing for the digital economy? Think bi-modal, says Gartner
Follow CIO New Zealand on Twitter:@cio_nz
Join the CIO New Zealand group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.