DA-Desk Launches PortPayables Financial Dashboard

Ever wish you had the financial information you needed, when you needed it, to gain better insight into your business? Today, DA-Desk, the world’s largest independent port cost management service provider, launched the PortPayables® Dashboard. Offered at no additional cost to PortPayables customers, the Dashboard provides just such an at-your-fingertips comprehensive overview of all port expenditures that have been settled through its PortPayables services. The specific detailed information in the Dashboard empowers users, including controllers, finance managers, accountants, operators, and CFOs to make better informed decisions and ultimately take action.

“In my past experience leading Finance organizations, I often found it difficult to readily access information on expenses and suppliers precisely when I needed it,” said Domenico Carlucci, DA-Desk Financial Services Director. “Now for the first time, our customers can have instant access to all relevant information on their port-related expenditures, including statements of account per port agent, savings generated for management accounting reports and cash flow forecasts for day-to-day practical needs.”

The Dashboard Reflects DA-Desk’s PortPayables Service

PortPayables is DA-Desk’s cash management service. It is comprised of four pillars: DA-Accounts?, DA-Forex?, DA-Cashflow?, and DA-Compliance®. These four components manage all tasks related to payment, transfers, confirmation, netting, accounting and reconciliation. With the Dashboard, all relevant information from these components can be viewed in an easy to use format.

Designed For Multiple Users Within an Organization

The Dashboard provides the data points necessary to allow Controllers to manage, evaluate, and enhance controls to their payment processes. It enables them to maximize cost savings through payments in local currencies rather than in US dollars. It helps make certain that overfunded balances are being collected and that there is a robust cash flow process.

The Dashboard helps accountants respond more quickly and completely to endless internal and external reporting requests. The Dashboard’s data can be uploaded into an organization’s accounting system, making the accounting process much smoother.

Operators can get access to vital immediate and historical information that helps them work more effectively with port agents. The Dashboard allows Operators to see at a glance the latest information on agent accounts; data on overfunded agents; spend by vessel; and spend by port. Having the data in one place, at their fingertips, helps Operators deal with the complex and ad hoc tramp business.

CFOs can view the high-level financial picture and confirm that their teams have the information they need to monitor and streamline financial processes.

Port spend is a substantial portion of a P&L and can change the bottom line. The PortPayables Dashboard’s active accounting data empowers organizations to make better-informed decisions that lead to taking action.

The Dashboard is now live and is being introduced to PortPayables customers on an individual basis.