Make Real-Time Business Decisions while Increasing Operational Efficiencies with Banking Integration

Banking Integration Module from ShipNet

For many of our customers within the Maritime Industry who utilize our Finance XE application, being able to process and execute payments is a critical function, particularly for Shipping Technical Managers due to the high volume of accounts payable.A current challenge faced within the industry is when payments are processed manually or are duplicated to ensure data is consistent. This challenge increases the amount of time and resources required for the process, decreasing overall operational efficiencies. More importantly, this challenge increases the probability of risk and fraud, while making it increasingly difficult for businesses to comply with internal policies and external regulations that are set by the banks individually.
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The benefits of Trade Management Software for the Shipping Industry

Shipping can be a risky and volatile industry, and market rates are declining or increasing in a short period. Projection can, therefore, be very tough in the short-term and mere impossible in the long-term. Managing your risk and potential exposure in this day and age of shipping has never been so important and through the use of ShipNet Trade Manager, fully integrated to other ShipNet Solutions and the Baltic Index you can manage your exposure through FFA, your CoA as well as your Time Charter fixtures.
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