LIMAfor carriers - Softship
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Keep control of tariff and voyage templates Softship.Finance is your repository for all cargo, port and voyage related expenses as well as revenues from sales. Agreed rates together with associated cost drivers and constraints (vessel, time, commodity type etc) are maintained for each customer and each supplier. Port and voyage cost templates define each suppliers’ services and these are matched with sales tariffs to deliver each voyage calculation. Automated cost estimation As the voyage progresses, Softship.Finance will estimate accrued expenses. Using data from the manifest, statement of facts as well as the tariff data and port cost templates, Softship.Finance will calculate an accurate estimate of port expenses which, after confirmation by the port agent, will become your accrued port expenses. Cargo related expenses such as feeder or intermodal costs are also estimated and stored as accruals in Softship.Finance. All accruals are used for later invoice reconciliation. Invoice reconciliation Once the actual supplier invoice has been received it is automatically matched with the corresponding accruals. Any deviation is easily identified and highlighted to avoid approval of incorrect or duplicate invoices. Once an invoice is approved it will be posted against the corresponding voyage account and the accrual is cleared. www.softship.com Controlling your expenses, voyage accounts and voyage profitability. Softship.Finance controls your operating expenses and ensures that your voyage profitability is actively managed. Your agreed supplier tariffs for port and voyage related expenses are stored in Softship.Finance. With data extracted from the manifest and statement of facts, accruals for each voyage are automatically estimated. Actual invoices are reconciled against accruals and, when approved, are posted against the voyage accounts. This enables management to monitor profitability as the voyage develops and provides full visibility over operating expenses to deliver tight cost control. Cost Control (Softship.Finance) Hamburg • Manila • Miami • Singapore LIMA for carriers Actively manage voyage results
Transcript of LIMAfor carriers - Softship
Keep control of tariff and voyage templates Softship.Finance is your repository for all cargo, port and voyage related expenses as well as revenues from sales. Agreed rates together with associated cost drivers and constraints (vessel, time, commodity type etc) are maintained for each customer and each supplier. Port and voyage cost templates define eachsuppliers’ services and these are matched with salestariffs to deliver each voyage calculation.
Automated cost estimationAs the voyage progresses, Softship.Finance willestimate accrued expenses. Using data from themanifest, statement of facts as well as the tariff dataand port cost templates, Softship.Finance willcalculate an accurate estimate of port expenseswhich, after confirmation by the port agent, willbecome your accrued port expenses. Cargo relatedexpenses such as feeder or intermodal costs are alsoestimated and stored as accruals in Softship.Finance.All accruals are used for later invoice reconciliation.
Invoice reconciliationOnce the actual supplier invoice has been received itis automatically matched with the corresponding
accruals. Any deviation is easily identified and highlighted to avoidapproval of incorrect or duplicate invoices. Once an invoice isapproved it will be posted against the corresponding voyageaccount and the accrual is cleared.
www.softship.com
Controlling your expenses, voyage accounts and voyage profitability.
Softship.Finance controls your operating expenses and ensures that your voyage profitability is actively managed.Your agreed supplier tariffs for port and voyage related expenses are stored in Softship.Finance. With data extractedfrom the manifest and statement of facts, accruals for each voyage are automatically estimated.
Actual invoices are reconciled against accruals and, when approved, are posted against the voyage accounts. Thisenables management to monitor profitability as the voyage develops and provides full visibility over operatingexpenses to deliver tight cost control.
Cost Control (Softship.Finance)
Hamburg • Manila • Miami • Singapore
LIMA for carriers
Actively manage voyage results
IntegrationSoftship.Finance is tightlyintegrated with the commercialand logistics applications. Thisensures that revenues from thecommercial system includingcredit notes for commissions areautomatically posted against thevoyage accounts. Logisticsexpenses are also posted toSoftship.Finance includingrevenues generated fromdemurrage/detention billing.Softship.Finance also integratesdirectly with your centralaccounts package to facilitate theflow of data such as incoming andoutgoing vouchers to eliminatethe need for duplication.
Management reportingMaintaining an overview of your accounting data is important andSoftship.Finance allows a wide-range of reports to be created anddisplayed. At any stage of the voyage, management has full visibilityover the actual or estimated profitability allowing much more proactivemanagement.
Business Benefits• Transparency and visibility over revenues and operating costs• Automated estimation of operating accruals• Profit and loss analysis• Simplified invoice reconciliation and approval against accruals• Tight integration between operations, commercial, logistics
and accounting
Key Features• Sales and purchase tariff repositories
• Cargo, port and voyage cost templates
• Estimation of operating expenses
• Reconciliation of supplier invoices
• Integration with operational and accounting systems
Cost Control (Softship.Finance)
Purchase Tariffs
www.softship.com
Softship GermanyT +49 (0) 40 89 06 8-0E [email protected]
Softship USAT +1 954 606 5672E [email protected]
Softship SingaporeT +65 6 227 24 97E [email protected]
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