Overview
The following challenges are common to many companies in the Marine Transportation Industry.
Vessel Optimization
For our customers, each vessel is a multi-million dollar capital investment. To realize a return on the investment each company strives to ensure that down-time is minimized and that each project is profitable. The challenge is to make business decisions without real-time accurate data as typically companies faced with a lag time on critical vessel information such as vessel position, crew statistics and vessel expenses incurred. The inability to integrate in-transit vessels with shore-side operations is an on-going issue.
Conformance to Regulatory and Compliance
As a result of government initiatives such as the Homeland Security Act, and requirements related to Alcohol & Drug Testing, TWIC and Safe Gulf, companies must track and continually report compliance information in order to continue working. Real-time access to every changing compliance information and relaying that information to customers and the proper authorities is a challenge.
Cost Management
Marine Transportation companies are faced with a competitive market for skilled labor, skyrocketing insurance costs and increased litigation, among other cost-prohibitive issues. Therefore, companies are faced with a need to track revenue and expenses in real-time. The lack of adequate technology available to meet these complexities is a major problem.
We'd love to hear from you or answer any questions you may have about our "Boat to Balance Sheet" solutions.