Creating a financial reporting process to enable decision-makers to access reliable, consistently prepared data of their choice in real-time. Most importantly, information about the vessels’ performance including hire income and running costs, per vessel, as well as results per voyage.

• Implementing a robust accounting system which is sufficiently tailored to the maritime business so as to minimize the time and effort required by accountants to effectively and efficiently capture daily operations. In particular, incorporating automations specific to maritime operations. For example: automated postings of transactions between managing agents and vessels, period end cut-offs and foreign exchange differences, the ability to paste-insert from Excel and so automate the posting of long accounting entries such as MGAs as well as automated postings of depreciation by vessel component.
• Uploading budgets into the accounting software and monitoring in real-time and easily amend budgets already uploaded. Obtain comparisons by detailed code or by summary of code groups and have all of this directly in Excel for further workings and analysis.
• Moving to an era of paperless accounting and financial reporting, where users can intuitively navigate to the granular details of a transaction, including its supporting documentation, which is also attached to the accounting records.
• Having an accounting software that possesses strong security features to successfully meet the challenges of multi-location operations while facilitating and supporting appropriately the flow of information.
• Having the timely backup and support of the software provider to guide the migration process and assist Halkidon Shipping in learning the new software and getting the absolute best out of it.