Management software is bringing yacht management into the digital age.

Owning a luxury motor yacht is an incomparable experience; but running such an expensive and complicated vessel, can turn your dream boat into a nightmare.

It is not just the operation and maintenance of such a vessel that requires professional help — that is what you have a crew for. But, running an upscale motor yacht is very much like running a business, and even the with the best captain and crew, it could be challenging just to keep everything organized and going smoothly.

One of the best ways to do all of that, is to take a page form the corporate world, and use a management software solution. However, the problem many yacht owners and captains are finding as yacht management enters the digital age, is that “off the shelf” software, which has not been specifically designed for our industry, just does not take all of the idiosyncrasies of managing a luxury motor yacht into account.

Speaking to SuperyachtNews, Ian Hornsby, director of Hub-Ware, a management solutions provider said, “The corporate heavyweight solutions such as Salesforce, SharePoint and Microsoft Dynamics are too intimidating and require strong commitment and heavy investment to deploy them in a way that improves the bottom line, [for yacht owners].”

Here at FYM, we have heard these frustrations, and that is why we have developed our own proprietary yacht management software. Our “On Demand” yachting package has been specifically designed for yacht captains and managers who want a comprehensive digital solution that addresses all departments on board a vessel.

What Can Yacht Management Technology Do?

Yacht management software such as FYM’s own “On Demand Yachting” solution is designed to streamline every task related to the operation of your motoryacht. Our solution is a fully-integrated technology platform that allows you to login to your own secure dashboard and monitor any and all work being done to your vessel in real time. You can approve or reject estimates, track maintenance history, schedule owner usage, and so much more.

Beyond tracking and scheduling your vessel’s maintenance and repairs, a good yacht management software solution will also allow you to:

  • Schedule and monitor all tasks for your crew.
  • Manage all of the yacht’s, passenger’s and crew’s documentation, and update as needed.
  • Store and organize all critical operations and registration documents.
  • Keep and manage all necessary safety information for regulatory agencies, and be able to provide it in simple reports as necessary.
  • Accomplish simple and complex accounting and bookkeeping tasks, including crew payroll, and any transfer of funds between operational departments.

Organization Is Key

The main advantage of yacht management software is, it helps to get you organized and keep you organized. All of the data pertaining to your motor yacht is in one, easily accessible place. Relevant reports can be generated and printed out or emailed to owners, crew, or any regulatory agency as needed,

But more than keeping you organized, management software also keeps you in control. There are yacht owners who realize the advantage, but are reluctant to hand their precious vessel over to a yacht management company because they are just not sure “what they are going to do, or how they will treat her.”

Yacht management software, such as our On Demand solution, removes any of that doubt. It makes the process of yacht management completely transparent to the yacht owner, and ensures open and honest communication between the owner, crew, and Management Company.

 

 

Operating a motor yacht can be costly. You can reduce your expenses, and avoid costly repairs by keeping her well maintained. On Demand yachting from FYM can help. If you would like to learn more, or if you have any questions or comments about this blog post, do not hesitate to contact our Yacht Management specialists, or call us at (954) 900-9968.

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