Diligence. Transparency. Cautiousness. When it comes to managing yacht accounting and finances, attention to detail is key. Our approval and verification procedures will put your mind at ease. YPI’s global yacht management team can establish managed bank accounts and provide payments quickly so owners and captains can get on with their operations.
The right software can make managing yacht finances effortless. Voly is an intuitive yacht expense system you can access at any time through a web browser or the app.
With real-time visibility of expenditures and budgets, you’ll have complete oversight of your spending.
We’ll keep owner’s balances and approval limits tightly controlled. YPI can issue cards to roles that need them as well as provide dedicated cards for APA balances during charters to keep expenses separate.
This enables owners to instantly load individual cards in numerous currencies, wherever the superyacht is located.
We’ll create accounts for stakeholders on board or ashore, with levels of access for different roles. Owners, reps, yacht managers, captains and department heads can easily manage budgets and approve purchases. To help with cash flow, owners can see expenditures from purchase orders that haven’t yet been invoiced.
All transactions are instantly visible in the expense management system. Through the app, cardholders can code the transaction and attach a receipt or invoice. The whole process of final financial reporting takes just minutes compared to the weeks it would take with paper records and makes yacht accounting highly efficent.