BPR for Maritime Industry

BPS provides Business Process Improvement Services to Maritime Companies with a primary focus on Accounting (AP, AR, Payment transactions), General Administration & Procurement (Order to Pay) processes.

We always go by the same approach:
Simplify – Centralize – Automate

Business Process ReengineeringSimplify -

During our BPR projects we focus on analysing and streamlining your process steps with the goal to increase the productivity and efficiency of the whole process flow. We then implement our recommended changes in terms of process, organization and system and we measure the benefits generated in term of quality improvement and cost saving.

Module 1 - Analysis

Analysis

  • Capture base-line KPIs
  • Map and analyze AS-IS process
  • Identify inefficiencies

Module 2 - Solution

Solution

  • Design TO-BE process
  • Provide recommendations

Module 3 - Implementation

Implementation

  • Implementation reengineered process
  • Monitor and measure performance

BPR benefits

  • Increase of productivity
  • Cost saving
  • Industry best practice
  • Consistency and standardization
  • Improved internal control
  • Implementation of KPIs

Shared Service Center Implementation - Centralize -

BPS helps companies that choose to centralize some of their processes within a Shared Service Center.

SSC Implementation

Insourcing: BOT Project

The 3 stages of a BOT project are:

Build: Set up the facility, infrastructure and processes, recruit staff and establish knowledge transfer

Operate: Manage the offshore organization: process maintenance, enhancements and support

Transfer: Register a new offshore subsidiary for the customer, transfer assets and handover operations


What benefits can you expect?

  • Save costs and increase efficiency (economy of scale) leading to higher shareholder value
  • Eliminate redundant work
  • Increase your productivity through process improvement
  • Improve service quality
  • Implement consistency, standardization and best practices throughout your processes
  • Install or reinstall adequate internal/compliance control
  • Remove unnecessary assets from your balance sheet
  • Free up resources for your core activities

What processes we can insource for you

  • Accounts Payable
  • Port Disbursement
  • Employee Expense Claims
  • Purchase Orders Administration
  • Supplier Payments
  • Ship damage claims
  • Crew Accounting

AP Automation Tools - Automate -

Recent research by Aberdeen Group showed that more than 50% of organisations agree that Accounts Payable is strategic. Maritime companies start to recognise the value of automating Accounts Payable and are willing to invest in AP specialised automation tools such as document digitalization, document management and documents workflow. BPS proposes and implements complete AP Automation solutions.

AP Automation

What benefits can you expect?

  • Lower purchase-to-pay process costs by as much as 40–60%
  • Receive, authorize and process vendor invoices up to 65% faster
  • Realize fast-payment discounts
  • Avoid late and duplicate payments
  • Reduce response time to vendor inquiries
  • Improve cash-flow planning
  • Build up KPIs such as vendor cost and employee performance
  • Enhanced management reporting
  • Monitor employee workloads and identify process bottlenecks

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