It is often said that managing a superyacht is like running a business. We certainly replicate many of the same financial practices: forecasting and managing budgets, ensuring cashflow, helping set up payroll schemes, the list goes on.
We handle all financial matters in-house with a team of highly skilled and immensely experienced accountants. Clients enjoy one point of contact and the knowledge that an incredible team backs them. Your SYM representative will discuss financial arrangements with you and your captain, ensuring your yacht is compliant wherever you are operating.
Each month, you will receive customised accounts illustrating a breakdown of expenditure. These will highlight payments to suppliers and outgoings on the captain's credit card, all of which we manage. Ours is a professional, business-like operation similar to any of your other interests or businesses.
Adopting the new generation Deep Blue real time yacht management software, our team can manage your yacht from anywhere, at anytime, using a simple user-friendly mobile interface. From financial accounting to crew and yacht documentation, engine room maintenance, logbook, charter activities or working shifts arrangement and MLC compliance, we can manage 100% of the operational needs of our fleet remotely, and you can rest in the knowledge that your asset is safe and secure.
SYM’s services mean that we can fully enjoy our yachting experience without having to think about, worry, or take care of anything else. They have time and time again demonstrated flexibility to tailor their services to exactly what we need.
SYM were first employed as our yacht managers in 2012. Since then they have been an integral part of our yachting experience, for our 88ft to the 115ft we currently have. They take care of all Captain and Crew recruitment and have produced some truly exceptional personnel who have maximised our yachting experiences throughout the years. In addition, they have been on hand to deal with stressful issues such as quick crew turnaround in unforeseen circumstances.
Secondly, SYM produce accurate budget and actual financial accounts each month. They have worked with us through the years, learning our spending habits in order to produce a more and more specific budget each season, which is important to us so that we are able to very accurately forecast and be confident of our expenditures, ahead of each season.
Moreover, SYM have been absolutely exceptional in working with our Captain and Engineer to undertake repairs onboard. Without SYM, we would have had to deal with this issue in an industry that we have little experience and I am certain that we would not have achieved the same results.
Finally, SYM’s service goes above and beyond their standard services. We have just finished building a house in Antibes and they have helped us on countless occasions with matters both big and small, at no extra cost and this is the kind of customer service and flexibility that they demonstrate season after season for us.
Overall SYM’s services mean that we can fully enjoy our yachting experience without having to think about, worry, or take care of anything else. They have time and time again demonstrated flexibility to tailor their services to exactly what we need.