Orion Reederei has been present in the shipping industry for more than 90 years. Today, Orion remains one of the world’s top managers of bulk carriers employing more than 1400 seafarers on board their fleet of nearly 50 vessels. These credentials require an updated platform, for managing and reporting on both internal and external data for management, shipowners, and other stakeholders such as financial institutions, investors etc.
With the emerging digital transformation consuming the German market, Orion was searching for a business solution, from which they could automate and optimize their existing manual reporting process- es. In this search, Solitwork’s AFC Data & Analytics platform has been selected to solve this task.
Every quarter the Orion finance team is submitting detailed reports to the ship- owners on the operational and financial performance of their vessels. A quite time consuming and exhausting exercise requiring significant manpower as all processes are manual and with data coming from multiple sources/systems.
With AFC Data & Analytics, Orion has managed to automate, optimize, and digitalize the quarterly performance reporting to the shipowners with direct data loads from their ERP legacy systems to the reports, meaning that the quarterly reports including vessel chartering and operation, operational expenses (OPEX), crewing and general vessel management went from extensive manual labor to real-time updated automated reports enriched with various pre-defined business logic. This automated optimization now allows the team from Orion to focus on what really matters, namely the analysis and business optimization rather than data management.
Enabling a more data-driven work-life with the AFC Software, the path for a digitalized future has now been established, and for the next phases, Solitwork is working together with Orion on bringing in more operational data to the quarterly reports including commenting in SharePoint, to enrich the Power BI reports for a more automated analysis process. Furthermore, Orion is planning to use the AFC Software within other areas of their daily business including Crewing, Quality Management and Accounting/Finance.