Voly Yacht Accounting Software CEO Ian Flanagan shares insight and growth forecast for 2021

SME growth investor Magenta Partners has invested in Voly Ltd (‘Voly’), the fast growing, multi asset management and payment solution provider to the yachting, family office and media sectors.

This year COVID-19 has changed everything about life and work as we know it. We have all focused on how to best protect and support our families, employees, clients and communities in the face of the unfolding crisis.

The yachting sector’s first dedicated and fully automated APA platform has launched today (22nd June), offering a full-service solution for the management of APA expenditure.

The only double-entry multi currency software designed specifically for yachting industry. Voly’s approach is to deliver modern accounting utilising the latest technologies in the form of a mobile crew app for expense reporting, coupled with an integrated prepaid MasterCard.

Users on Voly, from properties to yachts, have one main objective, to deliver a 6-star service to their principles while managing the spend on a day-today basis.

A major block for the digitisation of budget and expense management on board superyachts is the fact that, shockingly, no one has created adequate enough software to beat the simple capabilities of Excel.

Voly Ltd are delighted to confirm their sponsorship of European Tour golfer Christiaan Bezuidenhout.

Offering real-time visibility for a yacht’s onboard financial position ensuring complete transparency is Voly, a cloud-based solution delivering accounting the modern way.

Current users report that the time saving is over 50% each month from using Voly onboard. This can be even higher when the yacht also uses a Voly prepaid card.

A revolutionary app that simplifies the management of a yacht’s accounts, Voly works on an inter-department basis: the head of each department can log expenditure to create a centralised report for a yacht’s cash flow.

Voly incorporates a prepaid creditcard into its system capturing all card transactions instantly, automatically sending a real-time notification to the system when a transaction is made. With this Voly adds complete transparency to expense management while removing the task of manually processing data.

Typically, anything that is designed for use on a superyacht is high quality and purpose built for the owners, so expense management and accountancy should follow suit, not languish in the doldrums of Excel and inept alternatives.

Voly, purveyor of powerful yachting accountancy, has today launched its purpose-built accountancy app and SaaS platform. This is the first solution of its kind aimed at solving a multitude of issues caused by legacy reliance on Excel spreadsheets and manual data entry.