Case Study: Arawak Port Development streamlines budgeting and reporting with Centage

Arawak Port Development cuts financial statement prep to 30 days with Centage

Arawak Port Development, a critical port operator in The Bahamas, faced challenges in detailed financial planning and meeting stringent public filing requirements after its IPO. The company needed to move beyond basic budgeting to create a more dynamic, driver-based process. To address this, they implemented Centage's FP&A platform, recommended by their Sage ERP installer.

Centage provided driver-led budgeting and robust reporting tools, enabling APD to automate complex calculations like lease expenses tied to container volume. The solution streamlined their entire budgeting cycle, making it repeatable and efficient year-over-year. As a result, APD now generates the exact financial statements required for quarterly exchange filings in half the time, providing auditors two weeks for review instead of just a few days and increasing confidence in their financial projections.

Arawak Port Development