Payroll IT sails for Yacht and Cruise ships

LAS VEGAS: Consorteum Holdings, Inc. announces the commercial launch of the company’s first international payroll and multi-currency solution with UK-based Blue Sea Manning Ltd.

Quent Rickerby, President & COO of Consorteum Holdings Inc., said, “This is the first step in a significant business and revenue opportunity for Consorteum Holdings Inc. within the $27 Billion dollar offshore cruise-ship and private yachting industry. By providing new multi-currency payroll, payment and settlement solutions not widely available within the industry today, the flexibility of this solution will offer a new and unique way for ship owners to pay staff from all over the world in almost any currency.”

Blue Sea Manning, as per a release, provides first class officers and crews for yachts, cruise ships, and offshore vessels. With ship owners and staff placed across the globe, Blue Sea Manning required a streamlined way of accepting payments in multiple currencies from ship owners, converting the funds, and paying their officers and crew in the local currency of choice.

As Rickerby commented, “With hundreds of thousands of employees around the world, ship owners are looking at better ways to streamline their processes and reduce the substantial administrative costs of payroll. Commencing immediately to provide these services, Consorteum Holdings will generate residual revenues from every payroll and multi-currency transaction processed.”

The press release adds that Consorteum Holdings Inc. will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally by identifying new technologies and trends in the changing global marketplace. Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Each program and initiative launched is designed to drive additional transaction-based, long-term revenues and increased shareholder value. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us as partners, not just a technology provider.” Blue Sea Manning provides first class Officers and Crew for Yachts, Cruise-Ships, and the Offshore Oil industry worldwide. The company headquarter is in London, United Kingdom but it operates on every continent and ocean of the world.