IMOS will handle all voyage operations for Fednavâ€™s fleet, which concentrate on the transportation of bulk and breakbulk cargoes on a worldwide basis. Prior to choosing IMOS, Fednav had relied on disparate systems to run its front and back offices, with minimal communication between them. Eventually the company launched a full scale Oracle Financials implementation, though they continued with the existing legacy system for chartering and operations. In July of this year, the company selected Veson Nauticalâ€™s IMOS as their software package of choice.
â€œThe Veson teamâ€™s experience, expertise and vision are quite impressive, and it quickly became apparent that they understood our software needs,â€ Valerie Cordemans, Project Manager for Fednav Group Limited stated. â€œOur management team chose Veson because IMOS will help us make better business decisions; but also because Veson was a great fit with Fednavâ€™s culture and approach. Vesonâ€™s long term commitment and management â€˜hands onâ€™ methodology was very important and similar to our own.â€
Fednav expects to benefit from IMOS in a number of ways, including:
Eliminate â€œislandsâ€ of information; provide visibility from a centralized location
Reduce manual data entry
Enable staff to concentrate on value-added work
Allow easier access to updated reports
Streamline internal processes
John Veson, president of Veson Nautical, remarked, â€œTeaming with Fednav Limited to understand and meet their operational requirements has been a rewarding experience for us. Fednav is one of the most highly regarded, established organizations in the worldwide shipping market, and has invaluable input that we are incorporating into the product. Similarly, Fednav is benefiting from Vesonâ€™s two decades of industry knowledge, as well as our strong technology focus. We are looking forward to working closely with Fednav and to the successful completion of the implementation.â€
About Fednav Limited
Fednav Limited, headquartered in Montreal , is a privately owned shipping company and is the largest dry-bulk shipping group in Canada . Together with its subsidiaries and associated companies, the Fednav Group engages in several areas of transportation: ship owning; ship chartering for short- and long-term periods; marine transportation of bulk and breakbulk cargoes worldwide, including the Canadian Arctic; ice navigation services; stevedoring at terminals owned and operated by the Group; and providing logistics services including warehousing & ground transportation. Fednav directly employs 275 office staff worldwide – 130 in its Montreal headquarters and about 1,100 personnel onboard under contract on its owned vessels and in its terminals. Fednav maintains commercial offices overseas in London , Hamburg , Antwerp , Brisbane , Rio de Janeiro , and Tokyo . For more information visit the companyâ€™s web site at www.fednav.com.
About Veson Nautical
Founded in 1979, Veson Nautical is a US-based maritime software developer whose user friendly, visual approach is based on best practices developed over its 29-year history. The company was an early pioneer in developing industry software solutions, and was the first to automate port-to-port Distance Tables for use in early Voyage Estimating applications. Today, the companyâ€™s flagship Integrated Maritime Operations System (IMOS) optimizes profits by streamlining workflow and consolidating information across chartering, operations and accounting departments. Around the world, marine transportation customers in the shipping, energy and defense sectors use Vesonâ€™s flexible, easy-to-use and graphically outstanding solutions. The company may be reached via the web at www.veson.com or in their Boston , MA headquarters at +1.617.723.2727.