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Product of the Month: Innovative yacht accounting from Voly

Business
Written by
Georgia Tindale

This month, we learn how the British company Voly is modernising yacht accounting through their innovative, multi-currency accounting software, specifically designed for the yachting industry.

Voly yacht accounting Photo: Voly

Voly offers the only multi-currency accounting software with a fully integrated prepaid card and payment platform. Voly delivers a modern accounting package designed for clients from across the yachting industry. Whether it's management companies, captains, crew or family offices, Voly allows users to view spend in real time whether they are onboard or ashore.

Voly harnesses the latest technologies in the form of a mobile crew app for expense reporting, coupled with an integrated prepaid MasterCard. The Voly prepaid card ensures all transactions are recorded directly into Voly via an API link, meaning no manual entry, no forgotten transactions, and, of course, no more monthly reconciliation.

The Voly integrated payment platform allows administrators to pay suppliers and trade currency directly through Voly, therefore reducing the need for multiple solutions. This allows administrators the ability to review the complete process from quotation to invoice payments, offering one simple system for all your yacht accounting needs. Using Voly's handy crew app, captains, heads of department and crew can view their card and cash account balances, log transactions and view any approvals or requests on the go, freeing up valuable time on board.

Voly yacht accounting Photo: Voly

Plus, with the Voly reporting suite, management companies, captains and owners can view their position in real time and track there spending vs. budget. With various pre-defined reports available at the click of a button, users can easily get a snapshot of both their department and the vessel's financial position. Voly gives administrators’ access to the full accounting module for full financial management as well as onboard expense management.

With data security at the heart of everything Voly does, security and fraud prevention protocols are offered as standard. Voly recognises the sensitivity of the data and its duties under the data protection laws, always using best practice to deliver the highest standards of data security, so you can rest easy.

For owners and family offices Voly allows them to easily access the yacht's financial position from wherever, and whenever they require it, ensuring complete transparency from end to end.

But don't just take our word for it. Current users report that the time saving is over 50% each month from using Voly onboard. This can be even higher when the yacht also uses a Voly prepaid card. As Captain Lorian Smith from the 44.2- metre Feadship Moon Sand reported, "With Voly we can guarantee quick and clear handover between Captains, improve owner reporting and track spending in real time with more accuracy than ever before."

The Voly app is now available on Google Play and the App Store. To find out more about how Voly can save you time and money every month, contact the company via www.voly.co.uk, email [email protected] or use the details below.

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