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What is Pole Star PurpleTRAC?
The realm of sanctions, heavily shaped by the interplay of global relations, has evolved into a landscape marked by an unprecedented level of intricacy and swift transformations. With regulators intensifying their examination of the complete maritime trade supply chain, the need for effective due diligence and comprehensive risk management approaches has become crucial. Regulatory threats can stem from multiple aspects of a trade deal, encompassing the nature of the goods, their sources, the identities of the buyers and sellers, the geographic locations, the ports along the shipping pathways, and the types of vessels employed for transport. Targeting organizations that are at risk of regulatory challenges in maritime trade and shipping, PurpleTRAC offers solutions that automate, streamline, and document compliance practices, which significantly mitigates the dangers linked to money laundering and terrorist financing. Additionally, it is instrumental in safeguarding against potential criminal, reputational, and financial penalties that could arise from noncompliance, thereby fostering a more secure trading atmosphere. By utilizing such innovative solutions, businesses can adeptly maneuver through the challenges posed by today's regulatory environment while also ensuring the safety and integrity of their operations. This proactive approach not only enhances compliance but also builds trust with stakeholders and customers alike.
What is MarTrust?
The MarTrust platform acts as a dedicated payment solution tailored for the maritime sector, aiming to enhance crew payroll, vendor payments, and modernize cash-to-master processes for shipping companies. It supports transactions in over 130 currencies, provides competitive foreign-exchange rates, and reduces banking and currency exchange costs while achieving a payment success rate that surpasses 99%. Crew members benefit from an e-wallet and debit card that enable them to receive their salaries directly, withdraw cash from ATMs worldwide, transfer money back home, spend in different currencies, and manage their finances securely via a mobile application. Additionally, for businesses, it simplifies global payroll and supplier oversight by aggregating multiple transactions into one file, allowing for either immediate or scheduled multi-currency payments, improving adherence to maritime and financial crime regulations, and potentially lowering cash-on-board levels by as much as 80%. Ultimately, MarTrust not only streamlines financial operations for shipping companies but also provides crew members with convenient and flexible access to their earnings, thus fostering a more efficient maritime financial ecosystem. By integrating these features, MarTrust significantly enhances the overall efficiency and satisfaction of both crew members and shipping enterprises.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Pole Star
Date Founded
1998
Company Location
United Kingdom
Company Website
www.polestarglobal.com/software-solutions/purpletrac
Company Facts
Organization Name
MarTrust
Date Founded
2011
Company Location
United States
Company Website
www.martrust.com
Categories and Features
Marine
Accounting Management
Ballast Table
Barcodes
Boat Maintenance
Manufacturing/Supplier Pricebooks
Marina Management
Maritime Crew Management
Routing
Scheduling
Storage Management
Categories and Features
Marine
Accounting Management
Ballast Table
Barcodes
Boat Maintenance
Manufacturing/Supplier Pricebooks
Marina Management
Maritime Crew Management
Routing
Scheduling
Storage Management
Payroll
401(k) Tracking
Attendance Management
Benefits Management
Check Printing
Compensation Management
Deductions Management
Direct Deposit
Multi-Country
Multi-State
Reporting/Analytics
Self Service Portal
Tax Compliance
Vacation / Leave Tracking
W-2 and 1099 Preparation
Wage Garnishment