Latitude 365

Latitude 365 is a stand-alone application designed for yacht accounting and financial management, trusted by over 2,000 superyachts ranging from 90 to 450+ feet. The company was founded in 2009 in the USA and now operates primarily from Monaco and Fort Lauderdale. It allows users to work fully offline and then seamlessly share information with other users via secure synchronization with an onshore server.

The platform is tailored to meet the specific requirements of yachts ranging from 90 feet to 450+ feet in length. It recognizes that the accounting and financial management needs of a 90-foot yacht differ greatly from those of a 450-foot vessel, delivering only the features your yacht needs.

For a yacht below 25 meters, the subscription price for a Captain is €50 per month. This fee includes live support during all waking hours, frequent updates with new features, and storing information securely on the server for syncing.

Latitude 365 is a downloadable application that allows users to work fully offline. It synchronizes with the server on demand when internet is available, ensuring that data transmitted in short periods of time is encrypted.

The software includes a robust purchase order system that streamlines the approval process, allowing quotes or invoices to be reviewed and approved by multiple parties before payment. Users can also see when invoices are paid and mark items received.

The company has a Monaco office at 31 Bd Des Moulins, Monaco 98000, and a US office at 633 S. Federal Highway Suite 400A, Fort Lauderdale FL 33301. These locations support their global operations in the superyacht industry.

The business provides two phone numbers for inquiries and support: +33-658-932-666 and +1-800-560-4595. These lines are available for questions, new inquiries, and support needs.

Recent reviewers on Trustburn praise the customer support team as friendly, helpful, and responsive. Many users note that the team is always available to assist with questions or concerns, even on weekends.

While Quicken is a personal finance tool and Excel is a multi-purpose spreadsheet, Latitude 365 is a purpose-built workgroup management tool. It provides seamless real-time sharing and multi-currency reporting specifically designed for yacht processes.

The business holds a Trustburn rating of 3.9 out of 5 from 9 reviews. The rating split shows a mix of 3, 4, and 5-star ratings, with the most recent feedback coming in late 2023.

The platform enables multi-currency accounting and creates relevant reports with color charts to accommodate the multi-currency requirements of a yacht. It also allows charter accounting to be kept separate from operating expenses.

Latitude 365 is operated by a team of seven people dedicated to bringing innovation into the superyacht industry. They empower Captains to deliver the best when it comes to yacht accounting and financial management.

The company provides tailored service and expert support, setting up tailored accounts, categories, and access levels for each client. They guide users in implementing an efficient expense management process to track budgets in real-time.

The software is used by privately managed yachts as well as those managed by formal management companies. Access levels include Captain, Head of Department, Management Office, and Owner/Viewing Access, with varying monthly fees depending on the yacht size.

The official website of Latitude 365 is latitude365.com.