How Stena Bulk improved accuracy for reporting, analysis, budgeting and forecasting
“We appreciate that the system can be managed independently”
“We appreciate that the system can be managed independently”
Stena Bulk is a leading international tanker shipping company with a fleet of around 100 vessels, transporting oil, LNG, and petroleum products worldwide. Headquartered in Gothenburg, Sweden, the company operates globally with offices in Houston, Rio, and Singapore.
Stena Bulk needed to improve the accuracy and reliability of its financial processes, particularly in handling currency translation across actuals, budgets, and forecasts. The objective was to implement a solution that would enable precise transaction-level currency conversion, integrate with existing operational and financial systems, and support efficient reporting, analysis, budgeting, and forecasting without relying on continuous external consulting.
Mercur Business Control enables precise daily currency conversion across actuals, budgets, and forecasts, improving financial accuracy.
The solution was integrated with Shipnet for operational vessel analysis and Agresso for financial analysis, providing a unified view of data.
Stena Bulk developed internal capabilities to manage integrations, reports, and planning processes independently.
The system supports multiple input methods, including Excel imports, ensuring flexibility in budgeting and forecasting processes.
We appreciate that the system can be managed independently and that ongoing consulting services are not required to create integrations, reports, and forms.
Submit your details to schedule a live demo with our experts.
