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CASE STUDY: Atlas Copco Improves Internal Communication and Lowers DSO with Receivables Technology provided by SunGard's AvantGard
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For example, Derksen says that Atlas designs its vessels using cutting-edge naval architecture and technology, leveraging the most advanced paints on the body of vessels to reduce the company’s fuel consumption. What paint is used on vessels matters because certain types move through the water easier, reducing friction and using less fuel in the process, he explains.
Further, the company is designing and providing low carbon emission dual -fuel propulsion systems on its vessels. Increasingly, the company is deploying methanol, dual-fuel LNG engines (those that use natural gas is stored in liquid state), and in the future, will potentially use ammonia and other non- or low-carbon emitting vessels. In addition, Atlas offers technical solutions (such as methanol retrofits) and guidance to its customers to help them convert their carbon-based fuel systems into methanol fuel systems to help the shipping industry as a whole reduce its carbon footprint.
Role of the in-house legal team
The in-house team under Derksen’s leadership plays a major role in Atlas’ ESG strategy, supporting the company’s technical and operating leadership and executing on the company’s corporate and public obligations. The executive leadership team decides on strategic priorities and makes the commitments for individual ESG issues and for regulatory obligations, which are set by the company’s primary regulator, the International Maritime Organization, as well as the various port state authorities, international agencies, and other stakeholders with whom Atlas works. The legal and compliance function helps to execute these priorities, ensuring proper corporate governance around the environmental and social goals.
In a sense, the legal team acts as a guardian over the company’s ESG activities, making sure that regulatory discipline is strong. “We are informed by the different stakeholders. One of my jobs as GC is to survey forces and factors shaping the larger environment within which we operate, to discern the trends impacting the company over the short-, medium- and long-terms, and to help lead and set a path for the company,” Derksen explains. “Practically, that means knowing what is coming from the regulators and customers to support our commitment to being a best-in-class provider and that means staying ahead of the curve as a brand differentiator from our competition.”
The legal and compliance departments work closely with internal stakeholders and the community, for example, to make sure that Atlas’ procurement processes are best practice. “We carry out audits on clauses and within crew-manning agreements (as many of our crew come from the Philippines or India), apply best-in-class standards in regard to issues such as anti-corruption and Modern Human Slavery compliance,” says Derksen. “It is critical that crew get fair treatment during the hiring process, that their rights are upheld and conditions are fair, and that we implement processes and procedures to minimize the risk that workers are taken advantage of, even prior to their being hired by Atlas, such as by local brokers and agents.”
Collaboration plays a vital role
Outside law firms are important partners to the legal function as it supports Atlas in its quest to maintain a competitive edge with its responsible business strategy and compliance. Derksen describes on how he relies on law firms to assist in areas such as:
- advising on Securities and Exchange Commission reporting and the accounting and auditing rules as a public company listed on the New York Stock Exchange;
- ensuring the in-house legal team is meeting all of its reporting requirements for international regulations and for the jurisdictions in which Atlas operates; and
- supporting the auditing of governance and operational practices around specific ESG issues, such as the Foreign Corrupt Practices Act in the United States and the Modern Slavery Act in the United Kingdom.
While we often hear from US law firms that ESG is not a money-maker, outside of the US, it does generate work from companies such as Atlas. Indeed, ESG strategies could be a growth area for law firms if they choose to pursue it. Perhaps by adopting a key pillar from Atlas’ strategy to take a long-term view is necessary when it comes to ESG as a money-maker, law firms may be able to demonstrate greater purpose to the Earth and humanity, while highlighting great client service.
“Our role [in company’s ESG strategy] is not just compliance,” Dersen says. “It is to lead and help us to act as a responsible community member.”
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How to generate savings with process control in assembly
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Discover how mistake proofing techniques improve your process control, increase connectivity and generate savings.
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Customer Challenge in automotive engine dress up assembly
An automotive manufacturer was in need of a new solution to improve it's engine dress up assembly. For the last years they have been working with a limited PLC based error proofing solution at one of the dress up lines which could only be expanded to other lines by a huge investement. Furthermore, the PLC based solution in place was not able to manage NOK results to guide operators in rework or to identify and control the assembly in case of specific engine variants. This led to inefficency as well as high rework and operstors training costs.
Discover how we solved the issues and how many savings were generated:
NOK rate is now five times lower, Operators' training time is reduced by nearly 90% and the flex plate assembly is completely automated.
REDUCTION OF OPERATORS' TRAINING COST: 65.000 € (per year)
INEFFICENCY COST SAVINGS 619.000 € (per year)
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Discover more about process control and error-proofing the production process ! Contact our experts for a free Walk-the-Line to analyze your optimization potential and find-out the great benefits for you, all at a short Return on Investment.
Download our Case study on Error-proofing and Process Control of engine dress up assembly here:
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Pension provision issues: The Perm Krai case study
- September 2021
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Postcards from Gulag
Photographs from the remnants of the gulag archipelago, watchtower, perm-36, perm krai.
Perm-36 is allegedly the only Gulag camp that has been turned into a museum. While this is not strictly true (there are other former camps that have been partly preserved) and Perm-36 is heavily reconstructed, the museum has conserved an important part of the Soviet camp system, especially from its latter era after the death of Stalin. Perm-36 camp operated from the 1940s until the last days of the Soviet Union, and it was meant mainly for the political prisoners and dissidents. Among the dense forests of Russia near the Ural mountains stands a solitary watchtower of the former camp. Behind it, inside the zona , one finds relics of the barracks, but somehow the tower itself, a symbol as poignant as barbed wire, communicates the utter isolation of Gulag victims.
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- DOI: 10.17072/1994-9960-2019-2-332-348
- Corpus ID: 204259485
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IMPROVING COLLECTIONS AT ATLAS CORPORATION. The Atlas Corporation rents and sells furniture and appliances to individual consumers. The company's primary market focuses on renters who buy furniture and appliances by "renting to own.". That is, the customer pays a rental charge (which includes 28% interest charges) for a specified time and ...
manner. As a result, Atlas has experienced a sharp drop in profitability. The effect on profitability is such that Atlas now pays a higher interest rate (8 percent) to its bank to carry its own indebtedness. Atlas wants the accounts receivable (A/R) department to increase its collection of past-due bills.
Question: CASE STUDY: IMPROVING COLLECTIONS AT ATLAS CORPORATION The A Corporations and future and appliances to indol c. The company's primary market for whom the cases pays a rental charge which includes a 25 percent interest specified the of that time, the future. Athen credi department for these Over the past two year, it has been difficult ...
The Atlas Corporation rents and sells furniture and appliances to individual ... case study: iMproving collections at atlas corporation PreVIoUS Year'S oUtStaNDING PaSt-DUe accoUNtS (By clerk)
Designing Incentives and Rewards Class Session 2 Design an Incentives and Rewards Program for Atlas Corporation Collections at Atlas Corporation • In groups of 3-4 students, review the case for collections clerks at Atlas Corporation. ... a case study approach. LOYALTY CARD AND FREQUENT SHOPPER PROGRAM. Inspiring Through Incentives ...
Case study improving collection at atlas corporation. For the last two years, Atlas Corporation has been experiencing a challenge in collectingpayments from a customer in time, consequently paying a higher interest rate to the bank. As a.
Atlas Copco, a leading provider of industrial productivity solutions, set out to locate credit and collections technology for its Australian shared service center (SSC) that could help the company to better connect employees and information throughout the organization, as well as lower days sales outstanding (DSO). Read on to learn the company's results. Background: Atlas Copco is a world ...
Andrew E. Derksen, General Counsel and Board Secretary at Atlas Corp. — the largest independent containership owner and operator in the world — can attest to this. Derksen joined Atlas in 2022 and is based at the corporate executive offices in Hong Kong and spends significant time at the company's operating offices in Vancouver.
2 Unit I Case Study: Atlas 1. Alignment of Atlas' Business, Human Resource, And Staffing Strategies Atlas' business, human resource, and staffing strategies align fairly well. According to the case study, Atlas recognizes the importance of promoting from within as a crucial factor in its growth strategy. However, the company is also hiring new talent through social media, which contradicts its ...
Case study improving car producers engine dress up assembly. menu. Industries Served. ... in order to provide a smart connected Atlas Copco solution with a clean and fully integrated software platform. ... Download case study. Click for more information .
Atlas believes that its staffing activities must obtain talent able to do the job being filled and with. CASE STUDY: Strategic Staffing at Atlas Corporation. Instruction: Read the Case Study and Provide a detailed answer to the question below. Graphic t-shirt company Atlas Corporation knows that executing its growth strategy depends on ...
Question: Read the case study of "Strategic Staffing at the Atlas Corporation" and answer the following questions:2. How could Atlas further enhance the alignment between its staffing function and its need to promote from within its organization?
Download Citation | Pension provision issues: The Perm Krai case study | Subject. This article deals with the issues related to the optimization of the pension system. Objectives. The article aims ...
Perm-36 is allegedly the only Gulag camp that has been turned into a museum. While this is not strictly true (there are other former camps that have been partly preserved) and Perm-36 is heavily reconstructed, the museum has conserved an important part of the Soviet camp system, especially from its latter era after the death of Stalin.
Question: 14 CASE STUDY STRATEGIC STAFFING AT ATLAS CORPORATION Geophie T-shirt company Atlas Corporation knows that exe. Applications passing the initial screen are invited to cuting its growth strategy depends on promoting from within a telephone interview with a recruiter to assess basic job. Atlas believes that its staffing activities must ...
doi: 10.17072/1994-9960-2019-2-332-348 corpus id: 204259485; improvement of concession agreement mechanismtoincreaseinvestment attractiveness of theutilitiessectorof a region(in the case study of perm krai)