Integrated mission-critical business system for ship owners


Efficient forecasting of financial results throughout the ship life cycle from shipbuilding to sale

New construction is a huge investment for shipowners and it takes time to recover, so it is necessary to make decisions from a long-term perspective. Therefore, "TRANS-Owner" efficiently simulates the life cycle of a ship from shipbuilding to selling.

Highly accurate financial forecast

Expanding the fleet is indispensable for ship owners who want to increase profits. However, new construction requires a large amount of investment, and in order to recover funds over the long term, it is necessary to make decisions from a long-term perspective. TRANS-Owner is a solution that provides efficient and accurate financial forecast information.

Flexible simulation elements

By forecasting variable factors such as future charter fees, floating interest rates, exchange rates, and inflation rates, you can measure the impact on profit and loss and cash flow in the future year. Forecast values of simulation elements can be version-controlled, and financial forecasts can be compared for each case such as optimistic values and pessimistic values. In addition, the final return on investment can be simulated by predicting the time of sale and the selling price.

Accelerate settlement of accounts by linking accounting systems

The various contract information held in TRANS-Owner is not only used for forecasting financial results, but also seamlessly links with TRANS-Account (accounting system). Since various contract information is used in daily work, accuracy is improved and operation is firmly established. In addition, settlement journals such as accrued interest, period apportionment of ship rental fees, and depreciation are automated, leading to faster settlement of accounts.


System Configuration

TRANS-Account is composed of various sub-modules as an auxiliary book centering on the core basic accounting system (GL), and input information related to accounting that has been managed by Excel to the sub-module. By going, each submodule and the basic accounting system are seamlessly linked, and in addition to the function to support journals for daily operations, the system also fully supports settlement journals such as period apportionment and accrual deferral. ..

In addition, data from an external system can be freely imported by using the journal import tool that is equipped as standard.


Main Functions

Shipbuilding Contract

To procure a ship, we conclude a shipbuilding contract with the shipyard, and we will make multiple payments to the shipyard depending on the progress such as Contact, Keel-Laying, Launching, etc. to Delivery . First, register the contract information and payment schedule as shipbuilding contract information. At the timing of each payment, the payment request data to the shipyard is interfaced to the accounting system.

Borrowing contract (LM)

Since shipbuilding requires a large amount of funds, we will conclude a loan agreement with a financial institution, etc., and provide loans in a timely manner according to the payment schedule to the shipyard. In the borrowing system *, the contract information and the repayment schedule are registered as the borrowing contract information. On the financing plan screen, you can inquire about the payment schedule to the shipyard and the link of borrowing, so you can check the status of the funding allowance for the payment schedule that changes from moment to moment as the shipbuilding progresses. In addition, at the time of borrowing / repayment journals and closing from the repayment schedule, interest accrual and long / short transfer closing journals are automatically created and interfaced to the accounting system.
* A separate borrowing system is required.

Charter contract (TC)

Sign a charter contract with a charterer and earn charter fee income during the charter period. The charter contract information such as the charter period and the charter fee during the period is registered in the TC management system *. In addition, by entering the HIRE STATEMENT information in the TC settlement input, a ship rental fee settlement slip and a ship rental fee ledger will be created. At the time of closing, the period apportionment journal of the rental fee is automatically generated and interfaced with the accounting system.
* A separate borrowing system is required.

Ship cost management (SC)

After delivery, shipping costs will be incurred as running costs. Normally, management is outsourced to a ship management company, an annual budget is set up, and crew members are assigned and maintained. In the ship cost management system *, the annual budget concluded with the ship management company and the budget arranged by the company are registered for each cost for each month. Forecasting shipping costs after the budget year, a simulation is performed using the rate of increase for each cost item. You can also enter the dock cost along with the number of OFF HIRE days for the year.

In addition, the payment request data of the monthly advance payment to the ship management company from the ship cost budget information is interfaced to the accounting system. It is possible to manage the forecast and actual including the order backlog by inputting from the necessary stage for the forecast and actual management.
* A separate borrowing system is required.


Enhanced Purchasing Function!

From purchase requests from the ship such as ship supplies, quotation request emails to purchasers, automatic quotation acquisition, quotation comparison function, ordering, shipping charges and other charges and allocation, automatic creation of debt payment slips It is a new function that allows you to manage purchasing operations in a unified manner, in addition to simple purchasing management functions, from general transfer and remittance data creation. It also supports foreign currency and English input, and it is also possible to automatically calculate the yen conversion amount. Not only the yen budget comparison, but also the $ budget comparison function is supported as standard. By reverse-lookuping the past estimated amount from the product classification, you can compare and examine the price before ordering. Even if the quantity at the time of ordering is paid in installments, it is possible to create debt payment data by separating only the delivered quantity. In addition, the system automatically determines the budget management including the order backlog and the closing journal of the estimated unpaid amount when the product is received but the invoice is not received, and the optimum closing journal is entered. We will provide it as a long-awaited system that accelerates the efficiency of the entire purchasing business.

Ship Depreciation (FA)

At the time of delivery, the construction in progress paid to the shipbuilding company will be transferred to fixed assets and depreciated using a fixed depreciation method every period during the useful life. In the fixed asset system *, the acquisition price of the ship is determined by aggregating the ship price from the shipbuilding contract information, the interest rate during construction from the loan contract information, and the embarkation cost from the ship cost information in the acquisition process. In addition, the salvage value is calculated based on the scrap price and depreciation is calculated. In addition, transfers to fixed assets and depreciation journals for each period are automatically created and interfaced to the accounting system.
* A separate ship cost management system is required.

Financial results forecast simulation

Using simulation elements for shipbuilding contracts, borrowing contracts, chartering contracts, ship cost budgets, depreciation schedule information, and forecasting financial results throughout the life cycle of ships from shipbuilding to selling (B / S, P / L, C / Do F).

  • 1

    Forecast Information

    The dollar-denominated income and expenses are converted into yen based on the forecast value of the annual exchange rate of dollar-denominated transactions.

  • 2

    Floating interest rate forecast information

    The interest expense on borrowings is forecast based on the forecast value of the annual transition of the base interest rate (LIBOR, TIBOR, etc.).

  • 3

    Charter fee forecast information

    The charter fee income is predicted by multiplying the charter fee rate by the number of working days based on the forecast value of the annual transition of the charter fee rate for each ship type.

  • 4

    Ship cost increase rate information

    The annual shipping cost budget is estimated based on the rate of increase for each shipping cost item.

  • 5

    Ship sale schedule information

    By registering the sale price and sale date of the ship, you can predict the gain on sale. For various simulation elements, it is also possible to manage combinations as versions and make financial forecasts for each version for comparison.

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