Ecosystems are the future of commodity management software

Collaboration is an essential ingredient for success in the digital age, as we explored in a recent whitepaper. But for the business to work better through collaboration between teams, their technology also needs to be collaborative. With many different business functions all using technologies that meet their specific needs, and every organisation using unique processes, one single commodity management platform cannot power every aspect of this collaboration.

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Supporting agility in biomass trading

In commodity markets in general and biomass in particular, change is the only constant. With pressures on margins, tighter and more comprehensive legislation and faster trading, to name a few challenges, companies, their business processes and systems, need to be agile and that agility needs to be embedded across the organisation as well as the wider supply chain.

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Commodity Management: From the trade desk to the supply chain

Commodity Trading Risk Management (CTRM) software was originally used to record transactions after they had been carried out and to report on activity. However, in the decades since the original CTRM systems were created, technologies and the business itself have undergone massive and dramatic change, meaning that traditional legacy CTRM systems are now very limited in scope and this, in turn, severely limits the effectiveness of those who are using them.

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Watch: Gen10's global implementation for Corrie MacColl

Corrie MacColl is a group of Natural and Synthetic Rubber growing, trading, storage, distribution and technical support companies, with plantations in Cameroon and Malaysia, and owned by the Singaporean conglomerate Halcyon Agri. The Halcyon group is the leading natural rubber supply chain manager in the world, supplying 1.6 million tonnes annually, or 12% of global consumption.

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When minutes at the trade desk can save days in Operations

At Gen10, it’s our goal to empower busy traders and operators to work more effectively by freeing them from tedious manual administration and by automating contract processing.

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Work Better, Together. Collaborating to improve asset turnover

Fiercer competition and wider access to more broadly available market data continue to erode profit margins for traders across a wide range of commodities. As the competitive advantage traders used to hold in having access to proprietary information or in gaining access to industry news sooner is diluted by its broader availability and distribution amongst more market players as a result of new transparency regulations and technology, it’s more important than ever to find new strategies to deliver profitability.

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Commodity Management Software in Biomass Trading

Most traders are aware of Commodity Trading and Risk Management (CTRM) systems and the advantages they can provide, as a good CTRM can improve risk management, trade volumes and profitability.

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Biomass generators need contract management technology

Biomass power generation provides many benefits to producers and consumers. But as with any fuel type, it has its own unique challenges, whether in a unit converted from the use of coal or in a purpose-built biomass facility.

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Operational risk in 2020: lessons from the last year

At Gen10, we believe that commodity management technology should help organisations manage operational risk to a far greater extent than many CTRM systems currently allow. We have been promoting the advantages of proactive operational risk through digital transformation for several years and so are delighted that 2019 was the year that operational risk was placed firmly on the industry agenda.

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There is no place for repository-style CTRM systems in today’s commodity supply chains

Commodity supply chains are under pressure. This is nothing new. But what is new is the scale of the challenges the industry is facing and the wide range of factors impacting on global commodities. From political uncertainty regarding trade tariffs, to changing consumer demand patterns and increased global competition, the price pressure is on the industry, who need to maintain their profitability in the face of shrinking margins.

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