Success Story

Arc Terminals Holdings

Midstream oil and gas company trusts Baker Tilly to move financials to the cloud

Background

Arc Terminals owns and operates terminalling, storage, transloading and pipeline assets as an independent logistics provider. Their facilities are used by major oil companies, independent refiners, crude oil and petroleum product marketers, regional distributors and industrial manufacturers for the storage and throughput of transportation fuels, crude oil and other petroleum products. After a rigorous software evaluation, Arc Terminals chose Baker Tilly as the best fit for the company's financial management needs.

“One of the biggest value adds with Baker Tilly is that all of my employees across the country can see their data. Sage Intacct's dashboards will be very useful for our terminal managers and upper management.”

Mark Feldman, Vice President and Controller
Arc Terminals Holdings

Previous accounting challenges

Multiple processes had to be managed in Excel and the finance team spent valuable time moving data between spreadsheets and their legacy accounting system.
The finance department was losing anywhere from 4-7 business days each month due to the lack of automation.
The company wanted better visibility into financial and operational data at all levels of management.

“Baker Tilly's implementation team did an outstanding job. Our users like the system, and if someone asked for an accounting system and who to implement it, I would recommend Baker Tilly.”

Mark Feldman, Vice President and Controller
Arc Terminals Holdings

Benefits realized after Baker Tilly

With Baker Tilly's guidance, Arc Terminals will save time in reporting, data entry and managing purchase orders as well as fixed assets.
Their new project accounting capability will give the company the ability to track a variety of activities associated with each terminal location.
With statistical accounts Arc Terminals will be able to track terminal volumes and other operational data alongside their financial information.

Explore more

Baker Tilly curates, integrates and optimizes the right technology stack for your organization. We layer in our own proprietary “last mile” solutions. And we offer these technologies either via a Software-as-a-Service delivery model, where your own Finance function manages the day-to-day use of the technology or via a Finance-as-a-Service delivery model where we run your accounting operations and provide the outcomes you need.

Here are some additional resources that may help you find solutions for your challenges. Or schedule a discussion to go over your needs and goals now.

How Can You Transform Finance & Accounting into a Strategic Business Asset?

Are you getting the KPIs and insights you need to be a strategic CFO or finance leader? Find ...

Download the eBook

How the Right B2B SaaS & Subscription Metrics Tools Accelerate Growth & Attract Investors

Find out the key SaaS metrics to track at each growth stage, as well as the benchmarks for ...

Download the White Paper

8 Tips For Using Cloud Based Church Financial Software

See how religious organizations use technology to embrace innovation to prepare for the future ...

Download 8 Tips

Succession-Planning for the Back Office

Accounting and finance roles are often overlooked for succession planning. Hear stories and ...

Download Business Succession Planning