Caymen Islands – Compass Marine recently signed with PierVantage, a cloud-based marine-specific business management solution.
Compass Marine joins boat yards and boat builders such as Derecktor Shipyards, Zimmerman Marine, Manitowoc Marina, Front Street Shipyard, Pacific Fishermen Shipyard & Electric and Philbrook’s Boat Yard in their choice to use PierVantage to help overcome key business challenges like accurately tracking true costs associated with each project and managing their just-in-time inventory purchasing process.
“Compass Marine is considered one of the premier boatyards in the Cayman Islands,” said Mike Farrington, owner of Compass Marine. “As our business enjoyed steady growth, we knew we would eventually need to upgrade our technology to more of a marine-specific business management solution and the PierVantage team demonstrated they were the right partner. Managing simultaneous service and repair projects, boat storage, our chandlery business, rigging, hauling and launching is too much for a standard accounting package to handle. PierVantage gives me the visibility I need to effectively make decisions about each division or revenue stream. Easy access to information is very important to me. With PierVantage for Boat Yards, I felt I could streamline processes in all aspects of my business by getting more work done in less time with less people.”
“Mike and the Compass Marine team are a great addition to our growing customer base,” said Navroze Eduljee, founder and CEO of CorVant, creators of PierVantage. “Mike is very decisive and knows what he wants and needs to grow his business. He met our team at IBEX in Tampa, Fla. last year for the first time, saw a few product demonstrations and by the time he arrived back home on the Island, he had signed with us.”