MONACO – 20 October, 2015 – Latitude365 is proud to announce that its yacht management software built specifically for yacht accounting and expense approvals is now being used by more than 85 yachts,
ranging from 16 to 140+ meters in length, around the world.
“We are delighted that we can provide yacht captains and management companies with a solution that not only is specifically designed to meet their particular needs and is extremely easy to use, but also allows them to provide the higher level of financial transparency yacht owners require,” said Dasha Grupman, Latitude365 co-founder and CEO. “The rapid rate of adoption for our software package proves that it is filling a real niche in the yachting industry, replacing Quicken and Excel.”
Yacht captains, pursers and numerous yacht management companies have adopted Latitude365 accounting software, which seamlessly and securely connects users onboard a yacht with those in the office ashore. A stand-alone application rather than a cloud-based system, Latitude365 gives users full offline access to the program, then allows them to synchronize their data with a secure remote server when convenient. This proprietary process works reliably even with slow connections like VSAT and 3G. Along with bank-level encryption, this makes Latitude365 the only secure way to seamlessly share sensitive financial information from vessel to shore.
Fraser Yachts Monaco is in the process of upgrading the accounting software it utilizes for yacht expense management to Latitude365, which provides a solution designed specifically for that purpose.
“We compared Latitude365 to other commercial and industry-specific software that have financial modules. After a testing period, we selected Latitude365 as it is a multi-user software that provides what we need for our processes while allowing full offline access. The software is easy to use for the crew and synchronizes data securely between the users,” said Fraser Yachts.
“All of our yachts, captains and owners are unique. The individual setup we have established for each yacht using Latitude365, including custom categories, accounts and user access levels, has allowed us to ensure that each user can see only information that is intended and relevant for them,” said Geoff Moore of West Nautical. “Bank, Credit Card and Cash accounts are available to be set up in any relevant currency, for any user, with the captain and management having full control over the entries of heads of departments.”
A simple interface gives Latitude365 users both onboard the yacht and in the office access to easy-to-understand budget reports and account balances that update in real time. A variety of other relevant multi-currency reports are just a click away, and it’s quick and easy to create any custom report one may need.
Unlike any other accounting software, Latitude365 also includes a quote and invoice approvals module. Users can attach quotes and invoices with comments to be approved by the relevant people. Each user can see all approved and pending approvals in one simple list instead of having to sort through multiple emails. In addition, the captain and heads of departments can see when invoices are paid. That makes it easier for everyone and saves phone calls and emails asking about the status of each payment.
Latitude365 is backed up by fast, knowledgeable customer support that understands yachts and the yacht management process, and is available during all waking hours, including weekends. For more information and a short video demo, please visit www.latitude365.com.
About Latitude365
Founded in 2009 in the USA and now headquartered in Monaco, Latitude365 is a partnership between yachting industry insider Dasha Grupman and Uli Graser, an experienced software developer. Drawing input from luxury yacht owners, captains, heads of department, and yacht management firms, Latitude365 developed the first trial version of their proprietary software program by 2010 and have continued optimizing its use for the yachting industry. The Latitude365 program is known for its security and ease of use, and has saved an enormous amount of time for its users, including large and small yacht management companies and captains. For more information and a short video demo, visit www.latitude365.com.
© 2015 Latitude365