Marine Accounting Software
A comprehensive Marine Accounting Software
Centralized management of financial accounting data, including currencies and charts of accounts, on a single platform
Designed specifically for multinational, multicurrency, and multi-company maritime operations, the marine accounting software can be integrated with other core modules such as Procurement, Crewing, and Payroll. It covers all aspects of ship management during the vessel management cycle.
Employee expense entry and management
Complete audit trail ensured by successive or single zooms on original documents available across the entire digital solutions suite
Integrates with Fixed Assets module
Automated invoice processing
Direct bank transfer through EDI
Open item tracking and follow-up
User – defined fiscal calendars, general ledger accounts, and analytic dimensions
Highly flexible parameterization and dimension setup
Customizable chart presentations based on ship owner or ship manager requirements
Accounts receivable and accounts payable ageing reports and other customizable KPI reports based on owner’s requirement
Vessel wide profit and loss budgeting, forecasting and reporting deviations against actuals
Other Products
Treasury
Treasury
Treasury is a digital enhancement for operations such as loan management, SWAP and cash balance reports.
Financial Reporting
Financial Reporting
Financial Reporting enables different types for configurations required for LiveFleet including alerts.
Frequently Asked Questions
smartPAL Marine Accounting Software, which covers budgeting, reporting, and vessel management cycles, centralizes financial management for multinational, multicurrency, and multi-company maritime operations.
A smooth integration with the modules for payroll, crewing, and procurement guarantees accurate crew wage processing, real-time cost tracking, and the synchronization of financial and operational data.
The system enables managers to effectively track operating expenses (OPEX) by supporting forecasting, variance analysis against actuals, and vessel profit and loss budgeting.
With the option to enlarge original documents for transparency, regulatory compliance, and internal auditing throughout the suite, it offers a comprehensive digital audit trail.
Yes. Efficient financial workflows are ensured, payments are streamlined, and manual entry is decreased through automated invoice processing and direct bank transfers via EDI.
For ship owners and managers, the system provides customized financial performance monitoring and liquidity insights through the generation of AR/AP ageing reports and other KPI reports.
The system can be tailored to specific financial structures and charts of accounts thanks to its highly flexible parameterization, which enables user-defined fiscal calendars, general ledger accounts, and analytical dimensions.
Yes. Fleet-wide asset tracking, depreciation, and reconciliation are made possible by the Fixed Assets module integration, which supports thorough financial management.
Advanced treasury tools that assist maritime finance teams in managing liquidity and complex financial instruments include cash balance reporting, SWAP tracking, and loan management.
Accurate financial records are maintained throughout the fleet by monitoring and promptly reconciling all outstanding transactions through open item tracking and follow-up.
