Descartes' Customs Solution Supports Business Transformation at Botlek Tank Terminal
January 27 2014 - 6:45AM
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader
in uniting logistics-intensive businesses in commerce, announced
that Botlek Tank Terminal (BTT), a leading tank terminal storage
company, transformed its core business from the storage of grains
to the storage of oils with the help of Descartes' advanced
European customs connectivity and compliance capabilities.
"In the European oil storage business, the communication and
exchange of documents with customs authorities is mission critical,
much more so than with grain storage. With excise amounts in the
millions of euros and operating permits at stake, the clearance and
duty declaration process needs to be completely accurate," said
Charles Smissaert, Managing Director at Botlek Tank Terminal.
"Descartes' solutions and expertise were important elements in
finalizing the re-engineering of our processes and integrating our
systems to support the new requirements of our business and our
strategic growth plan."
Descartes' Customs Compliance solution provides BTT with
seamless connectivity to European customs authorities and is
integrated with BTT's warehouse management system (WMS). Descartes`
solution retrieves data from the WMS and aggregates customs duty
values and other data. Customs clearance and duty declarations are
then processed electronically and automatically. Descartes'
solution also keeps track of stock and transactions related to both
bonded and non-bonded goods and provides detailed monthly
transactional reports to customs authorities.
"Working with BTT during the transition of its core business
posed unique and exciting challenges. Our efforts in developing
optimized workflow and compliance capabilities for the tank
terminal industry have resulted in a strong solution portfolio that
helps organizations, like BTT, ensure compliance, maintain control,
improve efficiency and enhance profitability," said Fred van der
Heide, Vice President of Product Strategy at Descartes. "We are
proud to have contributed to BTT's success and that our joint work
helps set a new standard for the tank terminal industry."
About Botlek Tank Terminal
Botlek Tank Terminal (BTT) stores and handles a wide range of
fluids in the Botlek area of Rotterdam. The new and modern tank
terminal is easily accessible by sea, river, road and rail. BTT
offers a 420-meter platform and has its own train loading and
unloading dock. BTT will expand from the current 34 tanks with a
storage capacity of 200.000m3, to a storage capacity of
750.000m3.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is the global leader in
providing on-demand, software-as-a-service solutions focused on
improving the productivity, performance and security of
logistics-intensive businesses. Descartes has over 172,000 parties
using its cloud-based services. Customers use our modular,
software-as-a-service solutions to route, schedule, track and
measure delivery resources; plan, allocate and execute shipments;
rate, audit and pay transportation invoices; file customs and
security documents for imports and exports; and complete numerous
other logistics processes by participating in the world's largest,
collaborative multi-modal logistics community. Our headquarters are
in Waterloo, Ontario, Canada and we have offices and partners
around the world. Learn more at www.descartes.com.
This release contains forward-looking information within the
meaning of applicable securities laws ("forward-looking
statements") that relate to Descartes' solution offering and
potential benefits derived therefrom; and other matters. Such
forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, performance or achievements to differ materially
from the anticipated results, performance or achievements or
developments expressed or implied by such forward-looking
statements. Such factors include, but are not limited to, the
factors and assumptions discussed in the section entitled, "Certain
Factors That May Affect Future Results" in documents filed with the
Securities and Exchange Commission, the Ontario Securities
Commission and other securities commissions across Canada. Readers
are cautioned not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
We do not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in our expectations or any change
in events, conditions or circumstances on which any such statement
is based.
CONTACT: Global Media Contact
Mavi Silveira
+1(800) 419-8495 ext. 202416
msilveira@descartes.com
Media Contact EMEA
Renate Kok
+31 (0)33 460 6273
rkok@descartes.com
Diamond S Shipping Group, Inc. (NYSE:DSG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Diamond S Shipping Group, Inc. (NYSE:DSG)
Historical Stock Chart
From Dec 2023 to Dec 2024