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Streamlined Budgeting and Reporting Provides Greater Operational Efficiency
Arawak Port Development (APD) is a critical enterprise for The Bahamian Government and its citizens, with all international ocean freight passing over their bulkhead at Nassau Container Port. After going public in 2012, APD needed to start producing a range of financial statements that would satisfy the quarterly and annual filing requirements of the Securities Commission of The Bahamas, provide sufficient information to external auditors, and enable the APD Board of Directors to better manage the growth of the organization. APD's CFO, Dion Bethell, also wanted to increase the level of detail in his planning, while concurrently weaning the management team away from budgeting for items that had a low likelihood of occurring. Because APD is a critical economic hub for the country of The Bahamas, there was no room for error.
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