Oil and gas company moves financials to the cloud

Client background

Arc Terminals owns and operates terminalling, storage, transloading and pipeline assets as an independent logistics provider. Their facilities are used by major oil companies, independent refiners, crude oil and petroleum product marketers, regional distributors and industrial manufacturers for the storage and throughput of transportation fuels, crude oil and other petroleum products. After a rigorous software evaluation, Arc Terminals chose Baker Tilly as the best fit for the company's financial management needs.

The business challenge

• Multiple processes had to be managed in Excel and the finance team spent valuable time moving data between spreadsheets and their legacy accounting system
• The finance department was losing anywhere from four to seven business days each month due to the lack of automation
• The company wanted better visibility into financial and operational data at all levels of management

Strategy and solution

• With Baker Tilly's guidance, Arc Terminals will save time in reporting, data entry and managing purchase orders as well as fixed assets
• Their new project accounting capability will give the company the ability to track a variety of activities associated with each terminal location
• With statistical accounts Arc Terminals will be able to track terminal volumes and other operational data alongside their financial information