“POSIDONIA 2024 coincides with our 60th year anniversary!
We could not be more proud to have been associated with the Greek shipping community for such a long time and to have witnessed first-hand the Greek shipping miracle! It all started in 1963, when our Founder, Mr Damianos Constantinou, came from London to Piraeus and opened the first International Accountancy Practice of the country. ‘I was privileged to have been given the opportunity to contribute to the Greek shipping miracle, as well as to have been involved in laying the foundations of Posidonia Exhibitions’ said Mr Damianos Constantinou, Founder of Moore Greece. Over the course of time, Moore services evolved significantly in or- der to respond to the needs of our clients. Traditional bookkeeping and payroll services gave way to accounting and financial reporting in accordance with international standards. Auditing was also added to our service offering, to further enhance the reliability of financial information to its users. Traditional taxation services also evolved to local and international tax planning at corporate and personal level. Advisory services became more elaborate especially in the areas of business valuation, internal review and business process optimization.
Technology was very soon introduced to our services, as early as the 1970’s, when Moore introduced the first shipping accounting software, the predecessor of Maritime Accounting Software (MAS), our current collaboration with EPICOR ERP for shipping accounting and reporting. Financial and management reporting has always been a focus area for us and we used technology to design financial reporting tools that eliminate the possibility of human error in data accumulation. This is why, we can produce a vast amount of management accounts and financial reports, quickly, consistently, and error-free.
We are also very proud to have been training and developing the skills of generations of shipping accountants, controllers and finance managers. Many of the industry’s top finance executives started their careers as junior auditors and accountants with us and, after years of work and having gained significant experience servicing our clients, they moved on to work in the industry, as our clients. We have recently also partnered up with SQ-Learn to create masterclasses on financial reporting on various challenging areas.
We believe that technology offers a unique opportunity to gain knowledge from tutors who are top professionals in their field, from the comfort of someone’s home and at their own pace.
Our audits and the sharing of the knowledge and experiences that we have accumulated over the years form seeing millions of transactions in hundreds of companies, has contributed significantly to the overall enhancement of the quality and reliability of financial information in the Greek shipping industry. As banks became more regulated, audited financial statements became a prerequisite for every new loan and refinancing, a safeguard that banks trusted in order to continue to extend their credit to the shipping sector.
Over the past years regulation has intensified even further in all industries and shipping companies need to adopt to a challenging environment of continuous change, to which, however, they are no strangers. The most tectonic of all changes in the recent history however is a shift in people’s mindset and a pressure from societies for companies to adopt greener, more humane, and more ethical practices. Consumers and investors have grown to care about business conduct almost as much as they care for financial performance. The terms sustainability and ESG came into our lives and– as the industry was formerly in need of reliable financial information – it is now in need for reliable sustainability related information to satisfy the pressure from financiers and charterers. Moore is the ESG in shipping pioneer, proactively shaping the private shipping norms of ESG reporting and helping companies present reliable ESG reports that are tailored to the needs of private shipping. We are thrilled to have worked alongside the Hellenic Chamber of Shipping in developing ESG Guidelines for its members as well as alongside the clients who have already chosen to prepare their ESG report, to be ahead of their competitors.
Posidonia 2024 finds us excited about the prospects that lay ahead of us and our clients: ‘Over the passing of decades we have witnessed what makes a successful shipping company: And that
is the ability of the owner to anticipate the changes and position themselves courageously to ride their waves’ said Mr Costas Constantinou, Managing partner of Moore Greece and Global Maritime Leader of the Moore Network”.