Why logistics management should be part of your CTRM

Why logistics management should be part of your CTRM
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...
Read More

Architecture: what all CTRM buyers should know

Architecture: what all CTRM buyers should know
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...
Read More

8 tips for selecting and adopting commodity trading software

8 tips for selecting and adopting commodity trading software
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...
Read More

Why cloud? CTRM and security overview

Why cloud? CTRM and security overview
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...
Read More

10 things you need to know when choosing a CTRM software

10 things you need to know when choosing a CTRM software
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...
Read More

GrainTrack Earns Project Management Software Recognition from Leading B2B Review Platform

GrainTrack Earns Project Management Software Recognition from Leading B2B Review Platform
GrainTrack recently received a distinguished award from a leading B2B review platform, proving the solution’s first-rate and outstanding performance as a project management software.    FinancesOnline, one of the most reputable software review platforms today, recently recognized GrainTrack with a Rising Star Award, confirming our brand’s emerging user base and growing popularity. The award is given to relatively new software products that have earned market validation over a brief period.    Among other qualifications, FinancesOnline delved into the significant number of...
Read More

Product Update: P&L by commodity and incoterms. Part #2

Product Update: P&L by commodity and incoterms. Part #2
Let's get back to the previous topic: how do we calculate the PNL if we don't care which transaction refers to which transaction; we just have contracts for sale, and we ship something from warehouses, terminals, or directly. The previous part is here.   That said, the main division is the following question: whether the company needs to calculate the PNL of each transaction (of contract or supply chain), or it is enough to look at the result for the period alone, grouped by certain areas (basis of supply, culture, period).   This is how it works:     ...
Read More

Project Management Software Tips For a Successful Project Budget

Project Management Software Tips For a Successful Project Budget
Let’s face it: project budgets are among the hardest to prepare yet the easiest to miss.  Project Management Software is a digital tool that allows employers to manage their projects more efficiently. But this doesn't mean it's an easy task for you to find the best tool for your project budget! Many online platforms are available, and choosing from them can be daunting. So, in this article, we have gathered several tips on how you can use project management software tools for better results and eventually save money too! 1. Set a realistic budget and schedule Don’t try to accomplish ev...
Read More

Making sure you’ve got every detail right

Making sure you’ve got every detail right
What do traders and brokers do every day more often than looking at quotes? That's right, they send emails. Endless emails back and forth.   If you are a broker, things are even more complicated: you receive an email from a counterparty, you have to redirect it to another one, copy all the attachments, change the subject, tick somewhere that work is done.   If you are a trader or an execution manager, you have to make sure that: business confirmation has been sent, everyone is notified in time for shipment, the signed contract has been sent, the invoice has ...
Read More

Product Update: contracts P&L + grouping + hedging

Product Update: contracts P&L + grouping + hedging
When you talk to people about P&L, everyone immediately imagines a standardized accounting report, which is formed with double entries and made once a period. And it is so.   However, many people make a separate managerial PNL, and there is no unity in how to do it correctly. To put it shortly, as many clients we have, just as much versions of such a report we’ve witnessed. Therefore, we have collected all the practices and combined them into several universal reports that suit everyone.   The main division is the following question: does the company need to calculate...
Read More