Commodity Trading, Transaction, and Risk Management Software Solutions
Commodity Trading, Transaction, and Risk Management (CTRM) software solutions are designed to help businesses handle the various challenges of the supply chain. The solutions provide business intelligence and analytics that enable companies to take effective decisions and manage their finances.
A CTRM solution can also help companies prepare for market fluctuations, perform trade settlement, and control delivery scheduling. It helps businesses streamline their processes to improve profitability. For example, consumer packaged goods companies often seek to hedge price volatility. In order to do so, they can use derivative trading to gain a better sense of risk. They can then analyze cash flow and risk limits. Similarly, agricultural businesses can benefit from hedging as well. By utilizing a CTRM, these companies can monitor their shipment volumes, track risks, and maintain their inventory.
Lastly, they can make accurate predictions of their cash flows. There are a number of companies that offer CTRM software at https://www.triarcsolutions.com/. Some of these are specifically designed for specific commodities. Other companies develop multi-commodity solutions. Still others specialize in a single commodity. Each has its own set of features and benefits. Typically, they are designed to meet the unique needs of their clients. Many of these systems are cloud-based, which enables them to quickly implement and deliver functionality. Moreover, they never lose data. This eliminates the need for new hardware or IT teams. Also, a cloud-based system can be implemented in half the time of a traditional on-premise system.
However, the downside is that data entry can be error-prone. Therefore, a CTRM software should be integrated with an accounting platform. Make sure to check out this website at http://www.dictionary.com/browse/program for more details about software. For example, Triple Point's CTRM solution helps users to ensure compliance with the ASC 815 (FAS 161) and IAS 39 (IFRS 9). In addition, the solution is capable of performing a full credit analysis and supporting a comprehensive risk management program. These products can be used for both physical and financial trading, and support both the end-to-end value chain and the individual commodities.
Another company that offers CTRM software is Fendahl, which specializes in providing customized solutions for its clients. Since its inception in London, the company has developed and distributed an enterprise-wide solution that helps companies to manage their operations. With more than 250 employees, the company has a team dedicated to its development and implementation. One of the CTRM software solutions offered by the company is iRely i21. The product allows users to generate invoices based on different parameters, such as payment terms, margins, and risks. Additionally, it can be customized to include time periods and market exposure reports. Staff can also receive updates about risk and contractual parameters. Another vendor that offers CTRM software is Datamyne. This solution provides management consultants with tools that allow them to monitor shipment volumes, compete with competitors, and monitor their competitors' supply chains.
Furthermore, they can improve lead generation via a unified portal. Lastly, the solution can be easily installed and operated on tablets. Among the top five companies offering CTRM software, only one is a global provider. While two are in the UK, and one is a US-based company, the third is based in Israel. Be sure to click for more details!
