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June 1, 2023 marks the end of the use of Bitrix24 cloud service for Ukrainian users. This russian-made product was spread across Ukraine — collecting information and personal data of Ukrainian people that russian occupiers had access to.   Ukrainian grain traders are now looking for a new, reliable, and profitable alternative.     WHY SWITCH TO GRAINTRACK? If you are looking for a better alternative to Bitrix for your business needs, then Grain Track may be the right choice. The main reason grain traders should consider switching to Grain Track is the added...

The development of AI-driven automation tools has opened up fresh opportunities for streamlining and enhancing business processes.     GRAIN TRACK'S AI PLAYGROUND Grain Track is no exception. We have created a 'playground' inside our system to test out this technology and see how it can help make our clients' lives easier. We believe that AI can be a great asset when it comes to tasks like proofreading drafts and templates, responding to emails with a professional tone, as well as any legal negotiations.     UNLOCKING THE BENEFITS OF AUTOMATION ...

A successful CTRM (Commodity Trade and Risk Management) implementation is crucial for organizations in the commodity industry. The process can be overwhelming and time-consuming, but with the right approach, it can lead to significant benefits. Here is a 90-day track to help you implement a successful CTRM system.   Day 1-30: Assess your current CTRM system and identify areas for improvement The first step is to understand your current CTRM system and identify areas for improvement. This includes reviewing your current processes, data management, and systems used. Gather input fr...

Commodities companies face numerous back-office staffing challenges that can impact their operations and bottom line. These challenges include high turnover rates, lack of expertise, and difficulties in attracting and retaining top talent. In this article, we'll discuss some of these challenges and explore ways that companies can solve them. Most common back-office staffing challenges One of the most common back-office staffing challenges in commodities companies is high turnover rates. This can be attributed to a number of factors, including long hours, high stress levels, and a competitive...

Data management is a crucial aspect of commodity trading, and the right approach can significantly boost your operations. On the other hand, inadequate data management practices can lead to headaches, hindering your progress and causing unnecessary stress. The question is, how can you ensure that data management is helping, not hindering, your commodity trading?   One of the most crucial steps in the right direction is to invest in a comprehensive Commodity Trading and Risk Management (CTRM) solution. CTRM software can help streamline your data management processes, making it easier...

Logistics management is a crucial part of any commodity trading and risk management (CTRM) system, especially in the fast-paced and constantly evolving world of grain trading. Effective logistics management allows traders to ensure that their commodities are delivered to the right place at the right time, while also minimizing costs and mitigating risk. In this article, we will explore the importance of logistics management in CTRM and how it can benefit traders in Europe and beyond.   What is CTRM?   CTRM is a software solution designed to help commodity traders and producer...

CTRM, or Commodity Trading and Risk Management, software is a crucial tool for managing the various aspects of commodity trading. As a CTRM buyer, it's important to understand the underlying architecture of the software you are considering. In this article, we will discuss what all CTRM buyers should know about the architecture of CTRM software.   Here’s what you need to consider while choosing grain CTRM software:   1. Modular Architecture: CTRM software should have a modular architecture that allows you to easily add, remove, or replace components as your business needs cha...

Commodity trading is a complex and fast-paced industry that necessitates the use of specialized software to manage various aspects of trading such as market analysis, risk management, and accounting. The right commodity trading software can help you improve your trading performance, streamline your workflow, and stay ahead of the competition.   1. Understand Your Needs: Before choosing commodity trading software, it is critical to first understand your specific needs and requirements. This will assist you in narrowing down your options and locating a software that is tailored to you...

The commodities trading industry is a fast-paced and constantly evolving sector, with traders and risk managers constantly looking for ways to optimize their processes and make informed decisions. Commodity trading and risk management (CTRM) software is a specialized tool that helps traders and risk managers track and manage their trades, positions, and risks in real-time.   There are several options for CTRM software, including on-premise and cloud-based solutions. In this article, we'll delve deeper into the benefits of choosing a cloud CTRM over an on-premise solution, with a foc...

As a grain trader in Europe, you know that choosing the right Commodity Trading and Risk Management (CTRM) software can make or break your business. With so many options on the market, it can be overwhelming to find the right fit for your needs. But fear not, we’ve compiled a list of the top 10 things a grain trader needs to know when choosing a CTRM software in Europe.   1. Look for a CTRM provider with a proven track record. Commotrack (formerly Graintrack) are a trusted name in the industry, with more than a decade of experience providing CTRM solutions to grain traders across Eu...