Monday, September 21st, 2020
Expanding Yacht Management Beyond Financial Services
When it comes to owning a superyacht, one major expense is the fee charged by yacht management ashore. Essentially an unnecessary step between owner and Captain the prime intent of the yacht manager is to maintain controlling contact with yacht owners between those times when he buys and then sells the yacht. Those two occasions offer broker management houses the biggest fee earning opportunity.
Captains generally have to suffer the loss of independence simply because they do not have the time to run the yacht and manage the paperwork. As a result, direct contact between owner and his Captain is lost. Yacht Management is often likened to having a middleman intervene between the taxi cab driver and his fare.
In a bid to return control of the yacht to the Captain the superyacht compliance software company Total Superyacht has teamed up with Breaking the Mould Accounting to offer a comprehensive compliance and vessel management software specifically for the operation of yachts.
Alongside a Virtual CFO, a modern cloud accounting solution this means we can provide a Mini ISM Management service including DPA with a fully implemented Yacht Operations and Compliance System including standard operating procedures, policies and monitoring that continually improves the yacht’s operation.”
The benefits of this new partnership include:
- One point of contact for Owners and Captains
- Modern digital platforms that simplify on board operations
- Continual improvement for operations, safety and budgeting
Total Superyacht is the creation of one of the industry’s most professional husband and wife teams. David Clarke whose 27 year carre at sea culminated in the command of a high profile 73 metre superyacht while Jodie his wife ran the interior. They continue to continually listen to captains, fleet managers, classification societies and flag administrators to keep current with the ever-changing demands of our industry.
Their recently introduced Hours of Rest App for iPhone & Android allows crew to enter HOR directly on their personal phones, saving them time and making the task even easier to complete. Providing both time and cost savings for those wanting an all-inclusive solution te combination of Breaking the Mould and Total Superyacht expands beyond financial services to include Mini ISM management service including DPA with a fully implemented Yacht Operations and Compliance System including standard operating procedures, policies and monitoring that continually improves the yacht’s operation.
Breaking the Mould Accounting founded, by Chartered Accountant Alasdair Milroy, is a certified Xero partner firm who specialize in providing an outsourced finance director and cloud accounting services to the Maritime industry. We work with captains, pursers, fleet managers and family offices to provide a virtual finance department, from Chief Financial Officer (CFO), management accountant, bookkeeper, and payroll.