Broker association endorses online tool
2/9/05
A new tool that allows professional yacht brokers to help buyers plot their course through the purchasing process has won the endorsement of a major trade association.
Secured Marine Trust LLC, a marine software and data management services company based in New Haven, Conn., has launched the new online business application designed to automate, streamline and securely
facilitate the entire sales transaction, step by step.
The service, called ONEtoolSM, was created for yacht brokers and boat dealers, marine lenders, insurance agents and others involved in the transaction process. The service is now gaining acceptance after
three years of product testing and development, the company says.
The Annapolis-based Yacht Brokers Association of America announced its endorsement of the system earlier this month at its annual conference in Fort Lauderdale.
"We have worked closely with SMT over the past two years evaluating the ONEtool system," said Joseph Thompson, YBAA executive director, in a statement. "Our board-appointed task force,
[composed] 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."
The ONEtool system operates on a secure Web site where privacy is assured as information flows to support document preparation, sales administration and listing advertising management, says Secured Marine
Trust. ONEtool is designed to eliminate repetitive steps that can cause errors and delays.
Brokers using the system will pay an annual subscription fee of about $400.
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