Commodity Managementis popularly considered as CTRM Plus ERP, providing a combined features of traditional risk management with business process of ERP. If this was the case then a suitable CTRM system with an ERP would have provided the fully functional Commodity Management system for the commodity business. In reality, Commodity Business needs a specific system to address their complex business needs which is Not Addressed either by a CTRM or ERP or combination of both.
Commodity companies operating at origins managing physical commodity faces complex business challenges. We at Invensoft are working on Commodity Management from year 2003. We have designed specific Commodity Management system to meet the niche and complex requirements of commodity business at origins to manage risks of commodity business right from point from the commodity is procured.
Starting from procurement to shipment commodity goes through series of operations like warehousing, processing or transformation, logistics, trading and hedging. Each one of these operations poses its own challenges and risks. Process control aided with information is the key to mitigate the risks. For example: When commodities in raw form are procured, it is priced based on the moisture, quality and yield of final product. When this raw commodity is processed then the yield of final product should be at lease as expected at procurement or more. Anything less can lead to a loss. Every company would like to look at a PnL showing up the profit or loss between what they procured and produced. Understanding all these risks and needs of controls across the commodity business process, Invensoft have designed Invensoft-XBS© Commodity Management.
Invensoft-XBS© Commodity Management popularly known as "XBS" provides extensive features with out of the box localization for Commodity Origin Business, Procurement, Quality Management, Processing, Warehousing, Certification, End-to-End Bi-Directional Traceability, Sustainability Certification, Trading, Hedging, Risk Management, Positions, Exposures, Daily P&L and Reporting.
Successfully deployed in over 12 Agricultural Commodity Origins, XBS provides localized features combined with configurable templates. Available on Cloud as SaaS and on-premise at customers location on demand, XBS can go-live in 4-6 weeks.