The introduction of ShipMoney's digital payment solutions brought about profound benefits for GNV and its crew.
Challenge
Grandi Navi Veloci (GNV), a prominent Italian ferry company, faced significant logistical and financial challenges in managing its diverse crew, comprising both Honduran and Filipino members. These crew members, often away from home for long periods, had to spend valuable time off sending money back to their families.
Traditionally, GNV paid its crew in cash, which not only complicated payroll processes but also increased security risks onboard. The GNV finance team had to handle multiple ad hoc cash payments, including overtime and bonuses, while the crew faced costly remittance services at port.
SOLUTION
To address these issues GNV adopted the ShipMoney crewmember app which revolutionized how payroll was handled onboard. This digital solution automated the entire payroll process, facilitating seamless distribution of wages directly into the crew's ShipMoney accounts. Additionally, it simplified the management of ad hoc payments, from bonuses to overtime, directly through the app.
The automation provided by ShipMoney not only improved the accuracy and speed of payroll processing, but also enhanced financial reconciliation enabling the company to keep better track of payroll expenses without the burdensome manual oversight previously required.
RESULTS
The introduction of ShipMoney's digital payment solutions brought about profound benefits for GNV and its crew. With the ShipMoney app, crew members gained access to multiple remittance options, allowing them to send money home more cheaply, securely, and conveniently. The elimination of cash payments reduced the risks associated with carrying large sums of money on board and decreased dependency on expensive remittance services at destination ports. For GNV, the streamlined payroll system meant reduced administrative burdens and improved operational efficiency. The crew's satisfaction also saw significant improvements, as they could now manage their earnings and support their families back home with greater ease and at less cost.