Streamlining Supply Chains: A Case Study of bayaLogik Shipping Software
The Challenge
Error in Manual Accounting
The lack of integration between the old system and the financial accounting module in operations has compelled the company to maintain a large team for accounting and the subsequent reconciliation of data with operational records.
Multiple application for same business
Prior to implementing the bayaLOGIK system, the client utilized multiple applications for various purposes to complete a single NVOCC booking.
As these applications stored discrete data for a booking, tracking the current status of a booking was an exceptionally challenging task.
Ambiguity surrounding profitability
The survival of any NVOCC company hinges entirely on having a transparent understanding of the profitability of a shipment before it is executed. Within a shipment, there exist numerous direct and indirect costs. Before the implementation of the bayaLOGIK system, the client lacked insight into the profitability of their shipments, resulting in almost all shipments incurring losses.
What did
bayasys do
- The bayaLOGKIC system offers seamless financial accounting integration across all operational modules, ensuring that when an invoice is generated, a corresponding voucher is automatically created in the financial accounting module. This functionality eliminates the need for manual data entry, reducing the risk of errors and eliminating the requirement for voucher-invoice reconciliation. Additionally, we provide a transparent backward and forward transaction relationship, allowing for easy tracing of invoices associated with vouchers and vice versa.
- The client ceased using multiple applications to fulfil shipments since the bayaLOGIK system encompasses all the necessary features for this purpose.
- bayaLOGIK features a robust decision support inquiry console that empowers clients to easily assess the profitability of a shipment. This console goes beyond merely estimating the direct costs associated with a shipment; it also takes into account hidden costs. For instance, it evaluates the shipment’s potential at the destination. If the destination has not received many shipments in recent months, there’s a possibility that the container may need to be stored in the yard for an extended period, incurring additional costs and potentially turning a profitable shipment into a loss. All such factors are analysed within the DS Enquiry screen, providing a clear and comprehensive view of a shipment’s profitability.
