BG Freight Line was founded in 1981 and has been part of the UK-based Peel Ports Group since 2005. The core activity of BG Freight Line B.V. is short sea shipping and feedering, or regional transport and transit of containers for deep sea transport. BG Freight Line transports an average of around 900 TEU* per ship. ULCS’s (Ultra Large Container Ships) sometimes even transport 13,500 / 14,500 TEU. Only a few ports in Europe are able to deal with such capacities. This is one of the reasons behind our success. We use 15 container ships to run regular routes to and from the Netherlands, Ireland, England, Scotland, Belgium and France. The head offices of BG Freight Line are located in Rotterdam**, Waalhaven.
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Customer-oriented
The ambition of BG Freight Line was to optimise the reminder process and to work in a more structured and proactive manner, with the aim of reducing the outstanding balance and the DSO. One of the requirements was that credit management had to be compatible with a couple of the company’s visions and objectives: ‘Customer-oriented management and a structured professional image’. Martijn Ouwerling: ‘Since BG Freight Line started working with OnGuard in 2004, the established targets have been comfortably realised. In my capacity as Finance Manager, I have primarily built up experience in the functional management of software and the supervision of credit controllers. Ever since we introduced OnGuard, not a single reminder has been sent in paper format.’ The number of employees in the Credit Control department fell quickly from 3 to 1 FTE after the implementation of OnGuard.
Cost management BG Freight Line generally has 6000 to 6500 outstanding invoices from an average of 500 debtors. Margins are minimal, which is why there is intensive focus on cost management and cash flow. Our financial management pays specific attention to realising the best possible timing between outstanding and received payments. We use professional and structured credit management to keep the procedure up until payment of invoice as short as possible.
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