Introducing – Cash to Master (CTM) Digital Platform & Service, by eLSA

In our last article, 2023 Maritime Digitalization & Outlook we asked (and answered the first question) the following:

• Are you curious as to how adopting digital technology will set you apart from the competition while providing growth in an economic downturn?
• Looking to gain an early “win” in 2023 for digital transformation? One that helps cut time and costs in today’s uncertain and risky environment?

We stated that Singapore-based eLSA ( elxa ), a maritime-focused "Ship in Port" digital platform, is seeking a limited number of forward-leaning partners that are interested in adopting new practices with an agile approach to the status quo.

As a segway, eLSA (e-Leveraging Ships Agents) is rolling out a new product that supports Singapore's maritime operations and digital transformation journey, and are calling on ship operators & managers looking to streamline workflow that provides time & cost savings while in port.

The Team at eLSA is excited to introduce our latest module –

Cash to Master (CTM) Digital Platform & Delivery Service

Pursuant to the above questions, eLSA's latest module was developed to provide a digital platform and service to vessels calling on the Port of Singapore and requiring a Cash to Master (CTM) solution.

Within a few clicks on your mobile device (via the eLSA app) or computer (via the eLSA online portal), CTM is now easily delivered in a cost-effective, secure, and rapid manner.

eLSA CTM Digital Platform & Delivery Service frees up precious time and resources while accumulating valuable data. It is designed to be accessible anytime, anywhere.

Product Features

• (Optional) - A dedicated server provided to house and maintain your private and confidential data.

The Process

The eLSA CTM Digital Platform & Delivery Service is designed to streamline your CTM workflow by

1. Reducing wasted time communicating via email and text/SMS,
2. Eliminating man hours needed to send your own personnel to collect and delivery cash,
3. Providing a digital chain-of-custody that ensures visibility and accountability.

The entire process is performed in eight (8) simple steps:

1.???CTM Ordered –

Once onboarded, clients can quickly order CTM via our dedicated app or through the online portal. Our team is immediately notified of an order and springs into action.

2.???Quotation Provided –

A quotation is quickly provided back to the client that includes the CTM amount, bank commission, and handling charge. (Includes physical transportation of money to the vessel. Launch services are charged separately if an existing/scheduled launch cannot be utilized.)

3.???Confirmed Order –

The client will receive a push notification to confirm acceptance of the quotation.?At this stage, the client will provide the requested denomination details of the USD notes to be delivered (i.e., 150 x $100, 100 x $50, 50 x $20, 100 x $10, 50 x $5, 100 x $1).

4.???Denomination Confirmed –

Once the eLSA team has confirmed the availability of the denomination details requested, we send a notification back to the client or provide details of what denomination is available and seek acceptance to proceed from the client.

5.???Payment Received –

Once the client has sent the payment and it is received in eLSA’s account, a push notification is provided.

6.???Notes Secured –

When the physical cash notes are secured by eLSA’s dedicated in-house agent, a push notification is provided to the client. The serial numbers of the $100 bills are digitized and uploaded to the system and exportable via Excel.

7.???Delivery Start –

At the time eLSA’s dedicated in-house agent begins the delivery journey, often simultaneous to when the notes are secured, a push notification is provided. The client may track delivery as a function within the app and online portal. When combined with our affiliated Aggregated Launch intelligent Service (ALiSe), live tracking of the launch boat enroute to the vessel is made available.

8.???Delivery Complete –

The process is marked complete upon delivery to the vessel's master onboard and uploading of documentation that includes the master’s stamp and signature.

The entire process is catalogued and visible to the client, thus providing an audit trail and record of activities.?Direct contact numbers of the eLSA agents involved are provided, ensuring peace of mind and real-time access.

Start Using eLSA CTM Today

We are excited to offer eLSA CTM Digital Platform & Delivery Service to the Port of Singapore as a new digital initiative. If your maritime operation is seeking a rapid "win" towards its digital transformation journey, eLSA CTM is here to help. For more details, please contact us here on LinkedIn, email our Chief Sales Officer, Sean Holt ([email protected]), or visit www.elsa.sg.

eLSA - We Create Value. You Enjoy It.