Commodity trading is a complex and dynamic market. Agri trading companies needs to manage hundreds of customers and partners, in addition to an extensive supply chain that includes truckers, marine shipping units, rail units, and vendors. And to add to the complexity, it’s a market that’s susceptible to major seasonal peaks and troughs in supply and demand.
Many trading companies manage their business on multiple systems, For Eg: Separate accounting software, Separate risk management / contract management, excels and struggle to get the right data and right time because all these systems involved a significant number of manual processes, from entering trading data into spreadsheets to figuring out when seasonal troughs were coming up. These systems are siloed, the company couldn’t see clear, complete details about individual trading deals.
Also, when time comes for business expansion—trading partner demand more traceability in its products and business. For having significant business growth, a strong platform is required when all the transactions from enquiry to deals completions managed on single platforms. Agri Trading companies now need a centralized enterprise resource planning (ERP) system which can give a reliable infrastructure that could give better visibility and transparency on every transaction.
Commodity trading companies can streamline their business by migrating to Microsoft Dynamics 365 Business Central enabled ROBO COMMODITY solution By Robosoft Solutions DMCC. By hosting trade data on one centralized location get complete traceability and visibility across its entire operations.