

SMT launches new ONEtoolSM system
By IBI Magazine, 2/9/05
Secured Marine Trust (SMT), a marine software company based in New Haven, Connecticut, has launched a new online application that helps yacht brokers, dealers, marine lenders and insurance agents develop
and manage the client purchasing process. ONEtool, which is fully endorsed by the Yacht Brokers Association of America (YBAA), simplifies a yacht sale transaction by breaking the procedure down into small
steps, and is now gaining acceptance after three years of product testing and development.
"We have worked closely with SMT over the past two years evaluating the ONEtool system," says YBAA executive director Joseph Thompson. "Our Board-appointed Task Force, comprised of active
member brokers, was unanimous in its opinion that the YBAA Board should endorse ONEtool as an excellent new broker transaction and marketing management tool, worthy of the consideration of all YBAA member
brokers."
SMT has already introduced the system to YBAA brokers through a series of training programmes, and live system support is currently in place. Brokers using the system will pay an annual subscription fee
of around US$400. The new web-based software is intended to provide the yacht broker with all the tools required to develop, manage and execute an efficient and streamlined yacht transaction, says the
company.
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