Three ways to increase the efficiency of shipping companies


Posted on Sep 22, 2021 6:45 PM by


In an operating environment subject to sudden disruptions resulting from rapid and unpredictable market changes, reliable information and data are the most important assets to ensure smooth transitions and workflows. Having immediate access to the most recent and up-to-date information and mastering how to use the information enables operations to run their business more efficiently and to make difficult and fast decisions with greater certainty and confidence. . Q88’s Travel Management System (Q88VMS) helps shipping lines manage information critical to running their operations and sales team.

Here are three ways Q88VMS helps you work smarter:

Optimize fleet operations

Data-intensive processes support the administrative functions that underpin operations, but many shipping companies continue to lag behind when it comes to using information to maximize efficiency. The Q88VMS platform allows you to make better use of complex information and gain greater control over the many moving parts that govern shipping operations.

  • Trips – Allows tracking of all business information from trip valuation through execution and financial reporting, from charter to operations, post set-up and accounting.
  • Invoices – Tracks invoices, balances and partial payments, and complies with accounting standards and custom integration with standard accounting systems.
  • Filing – Automatic filing of documents into corresponding travel records for easy retrieval and reference.
  • Powerful Analytics – Generate reports at “higher” levels of analysis and benchmark your fleet and operations against the competition and the market as a whole.
  • Integrate – Seamless integration with technical management, accounting, internal databases, weather routing, etc.

Get a business advantage

Using a trip management system after repairing a vessel is one thing, but having the ability to share operational data and business information with the charter side of your business is another. Typically, data within an organization is not easily shared and charter teams (front-of-house teams) use many sources to help them collect information to track sourcing trends. , AIS data, vessel specific data, calculations, etc.

With Q88VMS, not only can you track your fleet’s position, TCE performance, monitor cargoes and facilities, but you can also benchmark your fleet and operations against the competition and the market as a whole. Q88VMS customers are confident that they can follow supply trends over time by analyzing geo-based data combined with vessel-specific data, helping you make more informed, intelligent and efficient business decisions. that will help you maintain a competitive advantage.

Centralize and automate in the cloud

Today, the shipping industry accepts that information is power. We also know that the information is complex; it must be free of errors and must be immediately accessible. Q88VMS is a modular system that centralizes data and combines it with a comprehensive set of tools, all in the cloud, allowing you to better manage your fleet. Q88’s software is designed to work online with a genuine cloud architecture and works seamlessly with existing systems and requires no additional resources to exhaust the results. Get full access to all functions on a desktop, laptop or mobile device, every time you work.

Q88 LLC has been an innovator in marine technology for 20 years and delivering the right software solution is another example of our commitment to providing the shipping industry with the tools it needs to maximize efficiency and profitability. .

Visit Q88VMS online to learn more and book a demo.

This article is sponsored by Q88 LLC.

The views expressed here are those of the author and not necessarily those of The Maritime Executive.


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