Benefits of modern CTRM for agriculture industry

Benefits of modern CTRM for agriculture industry

Commodity traders in agriculture companies face these 5 main business challenges:
1. Cash management
2. Risk/hedging effectiveness
3. Operational/supply chain efficiencies
4. Accurate & timely market intelligence
5. Regulatory compliance

Limitations of traditional commodity management:

Using monolithic CTRM (Commodity Trading & Risk Management) systems results in data-siloes with no real-time connection between procurement, logistics and commodity trading. Manually inputting data into spreadsheets takes a long time and often results in errors due to human mistakes. With spreadsheets you do not get real-time insights which inhibit you from making on the spot decisions based on market changes.

Capabilities of modern CTRM:

Modern CTRM aggregates data from systems across the value chain including CTRM, ERP, accounting, and spreadsheets. You can analyse the impact of dynamic market movements quickly, identify areas of opportunity or concern, and plan the next steps accordingly. It uses latest analytics tools, including AI and machine learning.The full article is for subscribed members only. To view the full article please subscribe. It’s FREE!Log In Register

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