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ShipNet's Financial Management Solution provides a complete range of accounting, budgeting,
forecasting, asset management and reporting tools that have been designed to optimise the specific
financial management processes required within the Shipping industry.
ShipNet delivers the Financial Management Solution to a range of Shipping Organizations and
incorporates specific tools such as: - Pool Management, Disbursement Accounting, Budgeting controls,
Multi-company and multi -currency structures and consolidation where companies are operating with
different reporting currencies.
Highlights and benefits
- Complete Financial Management Tool
- Automating your accounting procedures by streamlined integrations
- Ledger Management and control
- Cost / Revenue management through transparent reporting and analysis
- Payment control of ledgers
- Easy accessible information
- Designed for the Shipping Industry and its specifics
- Unlimited number of companies with different reporting currencies
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Company Accounting |
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The solution is complete company accounting solution providing where features such as multi company
and multi currency is supported. Being a specialised supplier to the Shipping Industry, the solution
is designed for handling the industry specific requirements.
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Reporting Dimensions |
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Considering the specifics of the Shipping Industry, the system is specially designed to report on such
as vessel, voyage, port, fleet, pools, PO in addition to many others including user definable reporting
elements. This allows a centralisation of reporting across companies and vessels.
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Reporting |
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The system enables all reports in two currencies and will automatically recalculate to base and set
report currency - Financial Performance Reporting, Income statements, Balance Sheets and Consolidation
is supported.
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Asset Management |
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Management of assets is crucial and by utilising the Asset Management System, it will allow you to have
a complete overview of book value of your assets at any time. By the automation of your depreciations,
easy access to asset value, accumulated depreciation is available by the push of a button.
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General Ledger |
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A multi company structure is very common within the Shipping Industry. By having a common GL reoccurring
transactions such as Inter Company transactions are easily made and controlled. By providing flexibility
in the GL structure and reporting periods for each individual company, the ShipNet Solution can be
configured to each individual company's accounting procedures.
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Budgeting |
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A complete budgeting tool, allowing budgeting according your company's reporting dimensions allows for a
comprehensive budget comparison reporting at any level within your company.
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Electronic Banking |
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The system allows for electronic banking and today we integrate to multiple well-recognised Shipping Banks.
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Disbursement Accounting |
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The system allows the user to focus on analyzing DA's and identifying discrepancies at a detailed level
in a matter of seconds, comparing Estimated DA, Updated DA and Final DA.
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