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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 AcctTwo as the best fit for the company's financial management needs.

Previous Business 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.

Benefits Realized With AcctTwo

  • With AcctTwo'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.

Highlighted Comments from Arc Terminals Vice President and Controller

"One of the biggest value adds with AcctTwo is that all of my employees across the country can see their data," said Mark Feldman, Arc Terminals Holdings Vice President and Controller. "Sage Intacct's dashboards will be very useful for our terminal managers and upper management. AcctTwo'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 AcctTwo."

Arc Terminals Logo

"AcctTwo's implementation team did an outstanding job."

- Mark Feldman, Vice President and Controller, Arc Terminals Holdings