Effective financial control is an essential part of the successful management of your yacht. At Arrow Services Monaco, we have a dedicated team of client accountants who will work closely with you and the captain to establish financial procedures to ensure your yacht’s finances are both efficient and professionally managed.

Our online accounting platform has been tailored specifically to meet the requirements of today’s yacht owners and captains. Every aspect of the system is designed to save time and drive efficiencies, whilst maintaining accurate financial accounts. Owners can access the accounts system at any time providing valuable transparency and peace of mind.

Due to the size of the Arrow managed fleet and our yacht management experience spanning 24 years, our experience and judgement can save considerable costs. All quotations and invoices can be checked against 24 years of invoice history to review and compare against market rates in order to ensure best value.

We pride ourselves on excellent financial control and clear communication to ensure smooth financial operations.

Financial control

• Annual budget preparation – An annual operational budget will be prepared specifically for your yacht allowing you to monitor and control costs monthly.

• Bank account - Maintenance of a dedicated multi-currency bank account.

• Financial approvals protocol – Budgetary control using a yacht specific approval protocol.

• Secure payments – Invoice review and payment with integrated fraud prevention system.

• 24/7 owner access – Live, real time accounts available 24/7 from anywhere in the world.

Online accounting

• Reporting Suite – A full suite of real time financial reports are available at any time, from the online portal.

• Granular Permissions – Individual user permissions can be defined for each user enabling us to meet your bespoke operational needs.

• Paper Free Accounting – Our system allows users to easily upload attachments and receipts for every transaction, holding all documentation in one place so it is available when needed.

• True Multi-Currency Accounting and Reconciliation – Reconcile transactions across multiple currencies with one click. Convert all transactions into a single reporting currency with accurate, live exchange rates.

• Prepaid Mastercard Integration – Transaction data is automatically entered into the accounting system, meaning no forgotten transactions and no more monthly reconciliations as well as real time accounts.

• Bespoke Approval Matrix - Design your own approval matrix based on your asset’s individual operational needs.

• High Level Data Security - Security and fraud prevention protocols as standard, end-to-end encryption as well as user validation and 2-Factor authentication is in place to ensure the highest level of data security.

• Mobile App - The app allows users to manage expenses on the go. View cash and card account balances, log transactions and approve transactions and requests, freeing up valuable time. Using the App, they can upload a photograph of their receipt and file their expenses in just a few clicks.

Financial Reporting

• Quarterly Financial reporting – Full financial reports are prepared for the owning company on a quarterly basis including actual to budget comparison and profit and loss statements, along with analysis of significant savings and extraordinary costs.

• Annual Financial reporting – Annual financial accounts ready for audit are produced as necessary.