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July 23, 2024 at 3:08 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01734917.jpg
#epsteinweb #efta01734917
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01734913 | EFTA01734917 other things. On first sight. though, for superyachtspecific accounting and reporting, this looks like a neat solution." With Latitude365, Grupman and her partner have taken a superyachtspecific approach (although the software is equally well suited to managing private residences, as was its genesis). Clients don't need to lay out enormous sums for custom software development, and they don't need to hire a developer to customise existing software. It's been developed and tested based on the needs and feedback of those on the front lines of the industry. According to Grupman, the package cost starts at €50 per month up to €350. depending on the size of the yacht and requirements. "Excel reports calculate item by item down incredibly long spreadsheets... No matter how careful I was, it was almost impossible not to make a mistake once in a while." However, the most important feature of latitude365 is its, shall we say. crewproof . • plicity. It's so easy to figure out and start using that I would expect every spreadsheet-averse crewmember in the fleet could file monthly reports to the owner or manager after less than an hour's introduction. Latitude365 uses a dashboard-like interface that foregoes flashy colours or slick typefaces. At a glance, users see the state of the yacht's accounts (the main holding account, cash, captain's account, chief stew's, etc.). As one of the key purposes of the accounting program is to track outstanding bills and invoices and requests for expense approvals, these functions are front and centre. Every user has access set at the appropriate level (as determined during the initial consultancy and build) and can track their own requests and requirements. Key to its functionality for superyachIS is the sync feature, which keeps the data synchronised between a land- based data server and the ship's onboard server, and all the workstations they serve. Will Kaye, former manager and captain of M/Y RigAmn, tested the software and thinks the sync feature is a game-changer for captains. 'At the moment, heads of department send me their Quicken files and I import them on to the main server. latitude's process makes this a lot easier. They'd import the receipts themselves. and it would be there for me, the owner or other managers to view. It saves us all this extra process.' Latitude365's clients can use the company's USbased servers (all SSLencrypted) or, as one residential client requested, have the software installed on their private server wherever in the world they prefer. In any case, the on-board software syncs and keeps the data current across all platforms. A 'reports' tab brings the user to a page of options, like a tool bag of simple yet sophisticated accounting toys that lets users produce understandable reports. Users can produce monthly summaries or generate a detailed view of all the incomings and outgoings. There's an option to see a report of expenses by supplier, so captains can quickly assess where funds are headed (food, telecommunications, fuel, transport. etc.) There is also a historical summary function, a clever means for captains and managers to show their owners how funds have been disbursed over a season, a year or the lifetime of the yacht. "Most commercial software avoids historical summaries, hut owners seem to really like them," Grupman said, when I questioned the need for this function. "It's interesting to owners because it provides an easy way to compare and analyse costs and spending across categories. It really helps them make decisions about what areas of the budget can be trimmed or otherwise adjusted." There's also a custom report capability. which gives the captain or manager the ability to hand over clear snapshots on any aspect of the yacht's spending. "lb do something like this ill Excel takes a long time; Grupman pointed out. "Excel reports calculate item by item down incredibly long spreadsheets. You have to find the categories and calculate the results... I used to do it manually for my previous bats and it took hours. No matter how careful I was, it was almost impossible not to make a mistake once in a while? "What struck me when going through it was the fact that every little hit of functionality of the system was something I need and use and like," Captain Kaye said. 'and there was nothing else. It was all there. It seems to be very well thought out in terms of what we in this industry need to use? It's a tough market. Each owner, manager and captain wants to do their accounts their own way. Y.CO were early adopters when it came to engaging with Latitude. The last piece of the puzzle for is in our ongoing development of Y.CO Live is the accounting package:IC.1ml° Birkett of Y.CO told me. "We met with Dasha and brought Latitude in for an initial test. It certainly ticks a lot of the boxes. We're watching it very closely. We'll definitely be trialling it for one or two of our yachts." Depending on how well the trial goes, the software could be integrated into die house's Y.CO LIVE management suite. It's a tough market. Each owner, manager and captain wants to do their accounts their own way, so Grupman has a major campaign on her hands to persuade the industry that latitude is easy, effective and better than what's currently available. Trials are currently underway and she has received good feedback so far. If this is what innovation looks like for our industry, bring it on. ■ Opening image: istock.com To comment on this article, email issue142Osuperyachtreportcom with subject: Keep It Simple MC asFmnc.r PAPORT i SO.i 99 EFTA_R1_00014451 EFTA01734917
March 8, 2026 at 12:49 PM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01122481.jpg
#epsteinweb #efta01122481
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01122477 | EFTA01122481 other things. On first sight, though, for superyacht-specific accounting and reporting, this looks like a neat solution." With Latitude365, Crupman and her partner have taken a superyachtspecific approach (although the software is equally well suited to managing private residences, as was its genesis). Clients don't need to lay out enormous sums for custom software development, and they don't need to hire a developer to customise existing software. It's been developed and tested based on the needs and feedback of those on the front lines of the industry. According to Grupman, the package cost starts at E50 per month up to E350, depending on the size of the yacht and requirements. "Excel reports calculate item by item down incredibly long spreadsheets... No matter how careful I was, it was almost impossible not to make a mistake once in a while." However, the most important feature of La 1e365 is its, shall we say, crewproof simplicity. It's so easy to figure out and start using that I would expect every spreadsheet-averse crewmember in the fleet could file monthly reports to the owner or manager after less than an hour's introduction. Latitude365 uses a dashboard-like interface that foregoes flashy colours or slick typefaces. At a glance, users see the state of the yacht's accounts (the main holding account, cash, captain's account, chief stew's, etc.). As one of the key purposes of the accounting program is to track outstanding bills and invoices and requests for expense approvals, these functions are front and centre. Every user has access set at the appropriate level (as determined during the initial consultancy and build) and can track their own requests and requirements. Key to its functionality for superyachts is the sync feature, which keeps the data synchronised between a land- based data server and the ship's onboard server, and all the workstations they serve. Will Kaye, former manager and captain of NI/Y BigAron, tested the software and thinks the sync feature is a game-changer for captains. "At the moment, heads of department send me their Quicken files and I import them on to the main server. Latitude's process makes this a lot easier. They'd import the receipts themselves, and it would be there for me, the owner or other managers to view•. It saves us all this extra process." Latitude365's clients can use the company's US-based servers (all SSLencrypted) or, as one residential client requested, have the software installed on their private server wherever in the world they prefer. In any case, the on-board software syncs and keeps the data current across all platforms. A 'reports' tab brings the user to a page of options, like a tool bag of simple yet sophisticated accounting toys that lets users produce understandable reports. Users can produce monthly summaries or generate a detailed view of all the incomings and outgoings. There's an option to see a report of expenses by supplier, so captains can quickly assess where funds are headed (food, telecommunications, fuel, transport, etc.) There is also a historical summary function, a clever means for captains and managers to show their owners how funds have been disbursed over a season, a year or the lifetime of the yacht. "Most commercial software avoids historical summaries, but owners seem to really like them," Grupman said, when I questioned the need for this function. "It's interesting to owners because it provides an easy way to compare and analyse costs and spending across categories. It really helps them make decisions about what areas of the budget can be trimmed or otherwise adjusted." There's also a custom report capability•. which gives the captain or manager the ability to hand over clear snapshots on any aspect of the yacht's spending. "To do something like this in Excel takes a long time," Grupman pointed out. "Excel reports calculate item by item down incredibly long spreadsheets. You have to find the categories and calculate the results... I used to do it manually for my previous boss and it took hours. No matter how careful I was, it was almost impossible not to make a mistake once in a while." "What struck me when going through it was the fact that every little bit of functionality of the system was something I need and use and like," Captain Kaye said, "and there was nothing else. It was just all there. It seems to be very well thought out in terms of what we in this industry need to use." It's a tough market. Each owner, manager and captain wants to do their accounts their own way. Y.CO were early adopters when it came to engaging with latitude. "The last piece of the puzzle for us in our ongoing development of Y.CO Live is the accounting package," Charlie Birkett of Y.CO told me. "We met with Dasha and brought Latitude in for an initial test. It certainly ticks a lot of the boxes. We're watching it very closely. We'll definitely be trialling it for one or two of our yachts." Depending on how well the trial goes, the software could be integrated into the house's Y.CO LIVE management suite. It's a tough market. Each owner, manager and captain wants to do their accounts their own way, so Grupman has a major campaign on her hands to persuade the industry that Latitude is easy, effective and better than what's currently available. Trials are currently underway and she has received good feedback so far. If this is what innovation looks like for our industry, bring it on. ■ Opening image: istock.com To comment on this article, email with subject: Keep It Simple TIE SLPERY/tafT FGDORT I ISSLE 142 99 EFTA01122481 Epstein Web iOS app on the App Store.
May 10, 2026 at 4:25 AM