Finance

Fleet Financial Intelligence and Cost Control

Effective fleet financial management requires visibility across every vessel and cost category. Navatom Running Cost gives each ship its own cost template, sets budget estimations for the periods you choose, and compares them with the actual spending recorded in Bookkeeping — giving ship management companies the fleet performance analytics and cost control they need, vessel by vessel.

Actual spending against the estimate is tracked by cost category and department, and a monthly or quarterly heatmap shows where the money goes — helping fleet operators see early which vessels and categories need attention.

Running Cost keeps several estimations for each ship, one of them the default, and older estimations can be archived, or deleted to a list of their own, with their history intact. Every invoice for a vessel in Bookkeeping shows how much of each category's budget is already spent against the default estimation, so reviewers and approvers see it without leaving the invoice. Each cost category has its own reviewers and approvers, each step run as all, any one or not required. Actual spending can be read for any date range, not only the estimation's own period. Invoices in any currency are converted into the vessel's currency at the rate saved for their date, and comments and the event history show who changed an estimation and when.