Close
Management Lite

ACCOUNTS MANAGEMENT

Our Accounts Management service offers a comprehensive one-stop solution, with a user friendly yacht expense management system, that relays information from yachts to our head office in Monaco via ‘ship-to-shore’ accessibility. This double-entry accounting solution provides real time, accurate cash flow control, banking, suppliers and VAT, enabling Hemisphere Monaco to collate and generate comprehensive reports.

‘Management Lite’, our comprehensive one-stop solution, comes with a user friendly, yacht expense management system that relays information from yachts to our head office in Monaco via ‘ship-to-shore’ accessibility. This double-entry accounting solution provides real time, accurate cash flow control, banking, suppliers and VAT, enabling Hemisphere Monaco to collate and generate comprehensive reports.

This is a specifically designed, flexible service that enables us to meet all your requirements with tailor made support.

We provide detailed weekly or monthly expenditure reports to the vessel owner or dedicated representative that clearly detail expenditure by department and how funds are utilised. This ensures complete transparency of your funds.

Key factors include:

  • Yacht budget and forecasts presented and monitored by Hemisphere Monaco
  • Preloaded crew cards for effective fund management
  • Instant data capture and invoice uploading via smart phone app when crew are on the move.
  • Full multi-tier workflow approval, ensuring constant fund monitoring plus quote and purchase approval.
  • Hemisphere Monaco authorises yacht operational costs with owner/rep approval
  • Security level control of sensitive information based on crew hierarchy
  • Facility to withdraw high ATM cash amounts per day
  • Mandatory threshold of requirement number of quotes before purchase order approval
  • True multi-currency reconciliation across major international currencies including euro, Pound sterling and US dollars
  • True industry-leading security and user validation codes
  • Weekly or monthly reporting options for owner or representative
  • Large invoice payments
  • Owner funding requests
  • Petty cash monitoring
  • Immediate authorisation requests for crew expenditure are sent directly to captains or Hemisphere Monaco head office.
  • Time saving for captains and senior crew
  • Expenditure transparency and peace of mind for owners.

For a member of the Management Lite team to contact you and discuss our services further, please email us at: management@hemispheremonaco.com.