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Allegro Horizon
Allegro Horizon
Allegro is a commodity management solution designed to help businesses in oil, gas, chemical manufacturing, utilities and other industries handle operations related to trading, procurement and compliance management. The platform e...Read more about Allegro Horizon
Robo-Commodity
Robo-Commodity
Robo-Commodity is a cloud-based ERP for Commodity Trading by Robosoft Solutions. It supports back-to-back commodity trading, bunker management and trading, physical stock with hedging, and paper-trading business models. Robo-Commo...Read more about Robo-Commodity
Agiblocks
Agiblocks
Agiblocks is a cloud-based commodity trade and risk management (CTRM) solution that helps businesses streamline operations related to risk management, trading, finances, taxes, contracts management and more. The platform includes ...Read more about Agiblocks
Fusion CTRM
Fusion CTRM
Fusion CTRM is a risk management software, which helps businesses of all sizes in oil, agriculture, LNG and other industries analyze assay exchanges, manage enterprise risks and handle logistic processes. The solution allows admin...Read more about Fusion CTRM
Enverus
Enverus
Enverus is a commodity trading and risk management (CTRM) solution that helps businesses streamline operations related to competitive analytics, permit monitoring, leasing trends tracking and more. It enables staff members to util...Read more about Enverus
Commodity XL
Commodity XL
Commodity XL is a web-based CTRM software designed to help businesses in commodity trading and energy sectors optimize position management and end-to-end commodity value chain. Key features include accounting management, financial...Read more about Commodity XL
EnHelix
EnHelix
EnHelix is a CTRM software, which helps businesses in energy, petroleum, LNG, chemical and other industries utilize artificial intelligence to streamline trading operations. The solution enables managers to capture trade, monitor ...Read more about EnHelix
iRely i21
iRely i21
iRely’s commitment to customer success has made the company a global leader in digital transformation, providing best-in-class software for commodity management, petroleum distribution, retail, grain operations, and agribusinesses...Read more about iRely i21
Aspect CTRM
Aspect CTRM
AspectCTRM is a cloud-based commodity and risk management solution, which helps small to large enterprises across metal, oil and gas, agriculture and various other industries handle multi-commodity trade, risk and operations. ...Read more about Aspect CTRM
MX.3
MX.3
MX.3 is a cloud-based solution that enables public agencies, banks, clearing brokers and other businesses to handle operations related to trading, costs, funding and risk management, compliance tracking, and more. The platform inc...Read more about MX.3
BaffleSol Commodity Management Solution
BaffleSol Commodity Management Solution
BaffleSol Commodity Management Solution is a cloud-based CTRM solution. Commodity trading is the most complex business with high variables from the Demand and supply side, exerting cost pressures and thinning margins; therefore, i...Read more about BaffleSol Commodity Management Solution
Comcore
Comcore
Comcore is a CTRM (commodity trading and risk management) solution that helps small to large businesses streamline processes related to Value-at-Risk (VaR) analysis, freight cost calculation, credit risk monitoring, and more on a ...Read more about Comcore
Fintrade
Fintrade
Fintrade is a P&L management and cost control software solution for physically traded commodities. The software helps users gain visibility of their mark-to-market and track the changes in P&L over time. Risks can be visualized, m...Read more about Fintrade
Trinity
Trinity
Trinity is a financial CTRM platform that helps to maintain profitable trading margins. It specialises in hedging and risk management, supporting standard financial contracts including forwards, futures, options and averages to co...Read more about Trinity
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Buyers Guide
Last Updated: April 21, 2023Success in the commodities market is based on an organization's ability to make informed and profitable decisions. Trading firms dependent on spreadsheets or enterprise resource planning (ERP) solutions to manage commodities logistics are typically behind the curve.
With a commodity trading and risk management (CTRM) platform, businesses can efficiently track real-time trading data and access risk management decision support to better the commodity trading process.
In this guide, we will cover how CTRM platforms can help companies better manage their commodity-trading operations.
We'll cover:
- What is commodity trading and risk management (CTRM) software?
- Common features of CTRM software
- Benefits of CTRM software
- Key considerations for purchasing CTRM software
What is commodity trading and risk management (CTRM) software?
Commodity trading and risk management (CTRM) software is designed to assist businesses with managing commodity-related activities such as buying and selling consumer goods, power, gas, oil, grains, metals, and other raw materials. CTRM platforms help companies track real-time trading data and address risks associated with commodity price, quality, volume, and logistics.
Common features of CTRM software
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Commodity trading |
Manage all aspects of commodity trading, including the purchasing, selling, and bidding of commodities. |
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Reporting and analytics |
View and track pertinent metrics related to sales, quality, and inventory of trading resources. |
|
Risk management |
Identify, evaluate, mitigate, and report on risks associated with the trading of commodities, such as fluctuating commodity prices or systematic failures that delay day-to-day business activities. |
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Contract and license management |
Track and store client and customer contracts in a centralized location. Access information related to commodity trading efficiently to optimize business processes. |
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Document management |
Collect, upload, store, and share all documents in a centralized location, making it easier for everyone involved to access information. |
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Financial management |
Provide a comprehensive overview of organizational finances. Manage organizational finances more effectively by accessing business financial details in a centralized location. |
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Third-party integrations |
Improve business processes by integrating CTRM software with other platforms, such as accounting and ERP software, to manage the financial aspects of commodity trading more effectively. |
Benefits of CTRM software
Improves risk management: CTRM software effectively analyzes trading data in real time, providing users with an up-to-date, accurate view of market conditions. This enables businesses to anticipate, assess, and manage risks associated with commodity trading more effectively.
Eliminates the risk of human error: Commodity trading and risk management platforms automatically collect and analyze trading data from various sources in real time. By eliminating the risk of human error during data collection and analysis, organizations can gain more accurate business insights and use them to adapt their business strategy.
Compliance management: CTRM solutions automate the entire hedge accounting process for commodities. Businesses can define, measure, and manage fair value levels and meet disclosure requirements for ASC 820 (FAS 157) and IFRS 7 compliance. CTRM platforms also help ensure compliance with hedge accounting regulations such as ASC 815 (FAS 133), ASC 815-10 (FAS 161), and IAS 39 (IFRS 9).
Key considerations for purchasing CTRM software
Customization: When choosing a CTRM platform for your business, consider its customization capabilities. The more customization options available, the easier it will be for your team to visualize trading data and make better and faster business decisions. Depending on the type of trading data your team needs to analyze, you may want to consider a solution that offers a customizable platform dashboard, so that your team can visually identify trends in specific trading data more effectively. If your company handles complex commodity trading processes, you may want to find a solution that allows your team to customize different commodity characteristics such as profit and loss, hedging, and position. This will help your team use your CTRM software to track multiple types of commodities more effectively.
Integration options: Before purchasing a commodity trading and risk management solution, ask your vendor what integration options they offer. By integrating a CTRM solution with supply chain and logistics software, you can access useful features such as warehouse and transportation management.
Multi-commodity capabilities: Although some solutions claim to support multi-commodity trading, they are often designed for trading a specific commodity and lack the tools necessary to track the profit and loss, position, risk factors, and other key metrics of other types of commodities. For instance, if your team trades both oil and power, you should make sure it supports both load forecasting for power trading and terminal inventory trading for oil traders.