Seven Oceans Releases SOFA: Finance & Accounting Module Tailored To The Commercial Shipping Industry

1 January 2022

Over the years, Seven Oceans has integrated with a diverse set of mainstream F&A applications viz., SAP, Oracle, Sage and many, many more. This has been a truly rewarding experience both for our customers in the commercial shipping arena, as well as us. As such, we are proud to present our very own Finance and Accounting module, Seven Oceans Finance & Accounting (SOFA).

We have always respected and cherished its good relations with mainstream accounting solutions and have taken great pride in those successful, long-term partnerships. However, with the ever-evolving nature of the commercial shipping business, we felt that it would be most pertinent to institute our own F&A module.

Our customers, including charterers, commodity traders, shipowners, operators, and shipbrokers will greatly benefit from this new development. Larger shipping users in the industry will find the following advantages unique when they use this module in tandem with our commercial shipping software solution — Seven Oceans Commercials (SOC):

1. Double-entry of accounting data is completely eliminated

2. Financial reporting that includes amongst others Balance Sheets, P&L Statements, Trial Balances and many more are fully automated

3. Implementation of Seven Oceans software on the cloud and enterprise mode, both include the accounting module as an integral part of the complete solution. As such, it is seamlessly interconnected with the business functions viz., Voyages, Time Charters, COAs, Pools etc.

4. Complete flexibility in utilization of the entire Seven Oceans suite

This event is a massive milestone in the historical growth trajectory of Seven Oceans — The Singapore-headquartered company with a global customer reach.

Himanshu Joshi, CEO of Seven Oceans, said, "SOFA is a huge offering to our customers and prospects. It will enhance users' efficiency and make financial reporting super-automated. Additionally, this module can be easily made available to customers who wish to use it as a standalone F&A application and want to integrate it into any other shipping application. Thus, the flexibility is multi-faceted”.

Head to SOFA

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About Seven Oceans Singapore

Seven Oceans is a leading Singapore HQ-ed company that creates global maritime and shipping software for commercial shipping and fleet management. Its commercial shipping product is the most revolutionary creation that serves charterers, ship-owners, ship-operators, and ship-brokers for dry bulk, tanker and gas shipping needs.

For more information visit https://sevenoceans.world or email us at hello@sevenoceans.world.