Xledger allowed Galbraith a system that has freed up a huge amount of time through automation and allowed insight into what’s coming in the months ahead.
Founded in 1847, 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.
Before Xledger, Galbraith’s struggled under an aging on-premises ERP system. Reliant on manual data entry, the 10-year-old installation contributed to a rising number of challenges. For instance, Galbraith’s found it extremely difficult to get basic insight. The on-premises system hindered data capture and entry, resulting in a data shortage that plagued accountants, managers, and executives alike. Leaders like Louis Gonzalez, Galbraith’s Head of Finance, could get only limited visibility into key financial indicators, making decision-making a slow and risk-prone process.
Galbraith’s chose Xledger from among three competing systems. The market’s most automated ERP solution, Xledger also offers robust insight and scalability on a true cloud platform. Xledger equipped Galbraith’s with a range of functionalities, including:
- Agile forecasting system
- Automated banking and accounting functions
- Additional functionality for planning
- Dashboard management and easy reporting
- Support and development with the Xledger team
- Project accounting functionality
- Reporting and analytics in real-time
“There were so many fits with Xledger and so few entry costs,” recounts Head of Finance Gonzalez. “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 months’ time where I couldn’t before.” Gonzalez also praises Xledger’s smooth implementation and high quality of support. He reports that Xledger did more than make Galbraith’s existing processes more efficient; it transformed the way Galbraith’s worked. Asked about the future, Gonzalez says that Galbraith’s will “further integrate with [Xledger’s] processes.”