VALUES in ACTION Investing in Systems Automation Richardson’s North Vancouver port terminal is one of the most efficient grain export terminal facilities in the world, shipping Canadian-grown grains and oilseeds to countries around the world. As part our commitment to efficiency and operational excellence, our Vancouver port terminal recently underwent a systems automation upgrade project which involved the automation of the conveyance system, resulting in increased efficiency in distributing grains to and from the facility’s storage annexes. • Impact: Eliminated the need for manual interventions to move grains within the facility and created more streamlined operating processes; conveyance belts and aspiration systems are only operational, when required. • Investment: CAD $8.8 million
AT A GLANCE 2021-2022
• Decreased P&L close process by three days through the elimination of non-essential tasks • Exited an aged financial system and transitioned to a modern financial system • Automated the corporate consolidation process within the new financial system and centralized and automated the accounts payable function • Reduced data entry and processing cycle time(s) • Digitized the accounts payable process across 100+ business locations, including invoicing, bills of lading, and the receipt of documents • Increased the transparency to our treasury cash outflow
RICHARDSON INTERNATIONAL SUSTAINABILITY REPORT 2022 | 57
Made with FlippingBook interactive PDF creator