Voyage Estimation and Accounting are two functions that are crucial to the profitability of your shipping business. In the traditional shipping operations, these functions frequently engaged droning manual tasks and experienced workforce to perform such. Nowadays, shipping operators are no longer bound to such complex and demanding tasks involving additional workforce and loads of paper works that are prone to errors. IT companies have developed Voyage Estimation and Voyage Accounting software for more efficient day-to-day shipping operations.

These software applications can perform several voyage calculations at a time, without much effort.  They feature centralized databases for handling transactions and generating real-time reports on the status of each vessel. Additional features include automated port costs and canal fee calculation, charter cost calculation, integrated distance table, invoice reconciliation and voyage result analysis. These features are essential in ensuring that operators monitor their voyage profitability.

Voyage Accounting and Voyage Estimation software are very useful in budget management and checking the accuracy and reliability of financial transactions. By providing near accurate estimates for each voyage, shipping companies can compare different alternatives and consider the most economical options to avoid unwanted expenses.

One example of advanced shipping software used by many shipping companies nowadays is Softship's LIMA Voyage Management and Estimation Software VOYCES . The LIMA VOYCES software has a user-friendly interface, which provides accurate and updated information on the various aspects of voyage operations such as charter costs, canal fees, port costs, port distances, and estimated time of arrival. It offers a cost-effective way of managing voyage productivity without compromising service quality. It is also cheaper compared to most shipping software of its kind which can be purchased in the market these days.

LIMA VOYCES is designed to support all types of calculations associated with voyage estimation and accounting.  Shipping operators can use it to check on more than one vessel at a time, compare different voyage schedules, check voyage results and reconcile invoices with ease.

Some companies develop their own shipping software to address specific needs and preferences, while others simply purchase packaged software for convenience. These software have built-in features to enable users to configure applications to handle specific requirements.

When choosing a reliable Voyage Estimation and Voyage Accounting software , consider the following important factors:

1.      Compatibility with your existing shipping platform.

2.      Capability to manage end-to-end business processes.

3.      Excellent reporting and analytics features.

4.      After sales support from supplier

As the internet has become a business necessity, and large amounts of manual tasks have become automated, shipping companies should keep up by improving the efficiency of their mission-critical operations to generate higher revenues. Voyage Estimation and Voyage Accounting software do not only make shipping operations run smoothly and error free, they can also fundamentally improve the bottom line.