Accounting and Multi-Location Architecture Boosts Efficiency for Navigare Yachting
About
Navigare Yachting is the proud owner of more than 350 yachts to accommodate all the sailing wishes of people. The company has headquarters in Sweden and a central booking office in Croatia. The client was not happy with the previous vendor as they didn’t provide adequate usage training to their team, and they were not satisfied with their solutions. As a result, the client approached us to manage their accounting entries for yacht rentals and sales. They were looking for an Odoo enterprise user and used NauSYS software for their rental orders.
Project Highlights
Our retail IT solutions included creating a multi-location architecture on the website and doing Bank Journal and currency setup to ensure easy payments. We further cleaned their previous records to reconfigure their balance sheet report as per their format. The automatic tax synchronization ensured accuracy in payments and saved time. Training the client’s employees about the systems we integrated and how to use them formed an integral part of our association with the client.
The Challenges
- Setting up Multi-website ArchitectureThe client has a multi-website architecture for diverse locations like the Bahamas, France, and the USA. When the client wanted to view records of a particular country, they were accompanied by reports from other countries as well.
- Setting up Bank Account JournalSetting up the bank account journal was time-consuming.
- Configuring Chart of AccountsConfiguring the Chart of Accounts based on users’ location of access was a task that required taking a lot of factors into consideration.
- Reconciliation of Bank StatementsCleaning the client’s previous accounting records was tedious, given how the accounts had been recorded earlier.
Tech Stack
Odoo
PostgreSQL
Jira
Salesforce
Odoo.sh
Result
Organizational Efficiency
The client could see the records of a particular website, saving a good deal of time in searching the intended one from all the search results.Accuracy in Payment
The direct debit system ensured that the company didn’t miss any payment. It saved a good deal of time at the client’s end.Easier Renting and Purchase
The precise amount calculation speeded the payment process and made it easier for the client to collect payments across geographical boundaries.Clean Accounting
Reconciliation of the previous statements cleaned the existing records, defined a standardized process, and ensured that the new transactions were adequately accounted for.
