Shipowners within the shortsea and deep sea shipping market are forced by nature to optimize cost control and have a strict budget control. In addition to the reporting on the income of the ships, Battal Marine provides the complete Ship Financial Reporting. This means that budget and realized financials are produced on ship level and projected to balance sheet items, liquidity statements and liquidity forecasts. Cost overruns are immediately identified and analyzed.
Battal Marine has representative comparative figures over a series of years, so that incidental deviations can be distinguished from structural deviations.
Battal Marine’s financial department provides the following services:
- the complete financial administration of the company in which the ship is operated
- supervising audits
- taking care of VAT returns
- monitoring (insurance) claims. This includes, among other things, applying for advanced payments and drawing up the final claim account
- the complete payroll administration, including payments and taking care of the statutory deductions and payments
- supplying the required data for tax returns
Correct, timely and reliable financial information is an undeniable success factor that can determine the continuity of every company.