Financial Management

Your life.
Spend wisely.

Financial Management

Structurally planned, organized, and budgeted Yacht finances

VMS powers Financial management + Real time software

VMS power

Uncompromised punctuality is our tool

Dedicated manager directed and finally Owner and VMS CEO controlled, financial activity of your precious asset all with fully proprietary in-house accounting software reporting.

  • ENTIRE YACHTS EXPENDITURE FINANCIAL MANAGEMENT
  • BUDGET MANAGEMENT CONTROL THROUGH ACTUAL VERSUS BUDGETED STATEMENT OF ACCOUNTS
  • PREPARATION OF MONTHLY FUND REQUESTS BASED ON KNOWN AND EXPECTED EXPENDITURES
  • CHECKING ALL INVOICES PRIOR TO PAYMENTS WITH CAPTAIN AND OWNERS OFFICE
  • ARRANGING DEBIT CARDS TO CAPTAIN AND CREW AS PER OWNER REQUESTS
  • PURCHASE ORDERS IMPLEMENTING FOR EXPENDITURES OVER THE LIMITS DEFINED BY THE OWNER

Operating features

VMS guarantees compliance with ever changing administration and regulatory standards.

  • Detailed operational budget
  • Organizing budgets and accounts allocation with designated financial manager responsible for Yacht
  • Checking purchase orders / verification approvals
  • Prompt payments
  • Weekly, monthly and annual reporting
  • Crew payroll
  • Preparations of annual financial overview
  • Tiered expenditure control, electronic and on-line approval

Managing your vessel with VMS real-time software