Interlink Maritime Case Study

Story

  • Interlink Maritime Corp. is a provider of tonnage to agricultural and industrial commodities companies, shipping companies and end-users.
  • Operating a fleet of 28 “handy-size” bulk carriers.
  • Focus on energy efficient fleet with double hull design facilitates hold cleaning.
  • Was running the company with an unintegrated accounting system supported by MS Excel.
  • Multiple locations with limited sharing of information in the system.
  • Significant efforts required to extract consolidated financial numbers and limited in options to produce other consolidated reports.

Solution

  • Needed a solution that could increase the operational efficiency while at the same time meeting the operational business requirements.
  • Implementing the ShipNet Commercial Management Solution with the fully integrated ShipNet Accounting System.
  • Streamlining ship/shore communication with the use of ShipConnect to capture performance and position details.

Results

  • Solution was implemented, and training completed in approximately 3 months.
  • Time for doing the quarterly financial close went from approximately 4 weeks to 10 business days.
  • Overall, significantly improved transparency on fleet operational activities and enhanced review and analysis of financial data.
  • Ease of design and development of consolidated financial reports.