The Triton


AI software saves time on yacht management


Yacht accounting firm Avaletta has developed software that enables yacht managers to use artificial intelligence. With the software, yacht management companies have reported savings of up to 30 percent on time spent on administrative tasks, according to a company statement.

Avaletta CPAs use intelligent software to automatically apply codes to transactions, and to sort reports, removing the need for traditional levels of manual input.

For the yacht, this means that sorting codes are consistent whether the owner, crew or management company are inputting financial information into the yacht’s accounts. The software uses artificial intelligence to work alongside yacht managers, crew and owners, providing suggested codes between them for the work each individual is doing.

According to Avaletta, 35 percent of all administrative activities could be automated by AI. “The impact of AI on our accounting software is being able to unlock the most important asset we have: time,” company officials said in a statement.

Netherlands-based Avaletta has subsidiaries in Valletta, Malta; Auckland, New Zealand; and Fort Lauderdale. For more information, visit

Related Articles

Chafe-Pro custom for Samson Rope

North Carolina-based Flord, a manufacturer of removable chafe-abrasion protection, has created a custom designed product for Samson Rope. Chafe-Pro FS is designed specifically for Samson to have a …

Sea Sick: Symptoms of heart attack not what you expect

Sea Sick: Symptoms of heart attack not what you expect

Sea Sick: by Keith Murray In February we think of Valentine’s Day, and the symbol for Valentine’s Day is the heart. So I thought it fitting that we discuss the heart – or more specifically, …

U.S. proposes expanded fishing in wildlife refuges

U.S. proposes expanded fishing in wildlife refuges

U.S. Secretary of the Interior Ryan Zinke on May 21 announced a proposal to open more than 248,000 acres to new or expanded hunting and fishing opportunities at 30 national wildlife refuges. The …

Learn about our next Triton Networking host: Maritime Marine

Learn about our next Triton Networking host: Maritime Marine

Triton Networking continues on the first Wednesday in December with long-time advertiser Maritime Marine, shore power and switchboard specialists. All Triton readers are welcome to join us for casual …

Former Westport exec tapped for MIASF

Former Westport executive Phil Purcell has been selected as the new executive director of the Marine Industries Association of South Florida. The MIASF owns the Fort Lauderdale International Boat …

Triton Spotted in Nassau

Triton Spotted in Nassau

Capt. Scott Rudisill and Stew/Cook Renee Cambria of M/Y Southern Belle, an 87-foot Johnson, were spotted at Nassau Yacht Haven marina for an owner's trip in early March. The boat was in the marina …


Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.