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Original interview with Tim Hooper of Xledger UK and Louis Gonzalez (Head of Finance at Galbraith)
Galbraith supplies worldwide chartered shipping and has complex forecasting, accounting and project management needs. Galbraith chose Xledger for its automation, insight and scalability, allowing them freedom to grow. Here’s their story, two years on.
‘There were so many fits with Xledger and so few entry costs. Xledger has freed up a huge amount of my time and I can now give a heads up on what’s coming to fruition in 3 month’s time where I couldn’t before.’
Galbraith sells shipbroking services to its customers worldwide including tanker chartering and dry cargo operations. The team provides expert, professional, operational support from inception to completion of contracts, covering single voyage fixtures, contracts of affreightment and period charters.
The Dry Cargo division offers global shipbroking coverage both for owners and charterers in all dry bulk commodity types. With offices in the UK and Far East, the business offers market advice, charter party negotiations and operational backup from the dedicated and experienced post fixture team.
The Sales and Purchase division provides a complete service from the contracting of new buildings through to second-hand sales and demolition.
Galbraith was looking to better understand business processes for spot fixing chartered voyages in order to report on projects in multiple locations. Prior to using Xledger, the company entered data manually using a local IT system on-premise, 10 year old system. Challenges included:
Xledger provided Galbraith with a cost-effective platform with vendor support, a monthly (no tie in) subscription and quarterly vendor-side updates. Galbraith’s Head of Finance, Louis Gonzalez, explains the milestones:
“Xledger is really user friendly and has automated features I’d not seen before in other packages. Prepayment of expenses, automatic loading of invoices and key information loaded overnight. The look and feel is also very nice and being cloud based is a common strategy for a business of our size. It’s good value for money and provides excellent support.”
(Louis Gonzalez, Head of Finance at Galbraith)
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