Stock Accounting System
A major European terminal and storage company was still managing its liquid stock inventories partly manually. Error-prone, slow and unscalable.
Challenge
Real-time insight into tank contents, transfers, losses and quality data — coupled to existing ERP systems and measurement equipment. The system must comply with customs and tax requirements.
Solution
We built a modular stock accounting system with automatic reconciliation, historical reporting and an audit trail compliant with all customs and tax requirements.
Results
- Error margin reduced from >1% to <0.1%
- Daily close-out reduced from 4 hours to 20 minutes
- Fully traceable for fiscal audits
