For Traders
Sales and purchases.
Physical positions and derivatives.
Fixing and hedging.
Automatic creation of business confirmations.
Integration with email.
CASE #1
Pre-Calculation of P&L, Approval, and Business Confirmation
What’s on your daily agenda?
- Keeping an eye on the market
- Engaging with counterparts
- Spotting opportunities
- Crunching the preliminary P&L numbers
- Getting green lights from management or the team
- Dispatching business confirmations
- Routing agreements to the back office
For traders, this routine entails a primary challenge: not everything is within their control, and they tend to dread the monotony. Firstly, confirmations can drag on, potentially leading to missed chances. Secondly, calculating P&L and drafting business confirmation texts repeatedly becomes tiresome.
How Graintrack lends a hand:
- Facilitates the capture of all opportunities and agreements via the mobile app or Telegram Bot
- Speedily sends approvals via messenger, easily accessible on your phone
- Keeps all parties in the loop with email or messenger notifications containing agreement specifics
- Once an agreement is sealed, traders can swiftly generate a business confirmation and dispatch it to the client via email or messenger
Following this, the execution team receives notifications and can generate a contract in the system with a single click, ready for printing in docx or pdf format.
CASE #2
Understanding Trading Position + MTM
Many traders often rely on handwritten notes or memory to keep track of their trading positions. However, when dealing with numerous trades and negotiations, it’s far more efficient to focus on analyzing them rather than getting bogged down in operational tasks. Additionally, besides understanding the position itself, it’s crucial to assess your current long or short positions relative to market prices promptly and determine whether it’s favorable to buy or sell specific commodities.
What Graintrack offers:
- The system automatically calculates both physical and derivative positions in real-time based on entered trades and opportunities.
- Graintack automatically evaluates each transaction, taking into account current market quotations, and calculates the preliminary profit and loss. This ensures that you always have a clear understanding of the price of the commodities in your portfolio and the potential earnings based on current market conditions.
- Graintrack generates reports by crop and basis automatically, allowing you to quickly grasp your position and make informed decisions.
CASE #3
Organizing Procurement through CRM
If you have a procurement department responsible for daily interactions with suppliers, it’s essential to have a centralized system to collate and assess this information for team and individual performance evaluations.
What Graintrack offers:
- The capability to monitor the sales pipeline from identifying potential opportunities, through soft and hard bids or offers, to trade ticket creation and contract finalization.
- Assessing the potential of supplier relationships and compiling a list of companies for outreach.
- Recording all contact details, agreements, and manager interactions, maintaining a consolidated record of supplier relationships.
Establishing key performance metrics for each manager and procurement targets for each product, enabling effective tracking of performance.
CASE #4
Fixing and Hedging
This is especially relevant for traders dealing with floating price contracts.
Here are the challenges: you have numerous contracts, each with a price that fluctuates with the market daily. Moreover, you can partially fix these contracts, so you need an efficient way to calculate the final price.
Grain Track makes managing your contracts at premium prices much easier:
- Simply enter the contract, select the derivative and market, and the system will automatically calculate the price based on current market conditions and any partial fixing.
- The system also offers rolling options.
Additionally, contracts can be hedged. Graintrack allows you to view the MTM position for both the physical and hedged portions of each contract.
CASE #5
Quality Control Made Easy
Managing quality information from laboratories and partners in Excel can be error-prone and time-consuming. Manually transferring data and verifying accuracy is labor-intensive, and any mistake can be costly.
Graintrack streamlines the process by automatically evaluating each shipment for contract compliance, saving you time and helping you maximize profits.
With Graintrack, you benefit from:
- Automated data entry and comparison
- System validation checks that flag unusual deviations
- Automatic calculation of individual discounts based on contract specifications, with the option to notify suppliers directly
CASE #6
Interaction with Counterparties via Telegram
Easily record deals, quickly enter data, and stay connected with your counterparties through a messenger!
When managers are working in the field, quickly logging a new deal can be challenging, and any delay can give competitors an advantage.
How can Graintrack help?
- Quick Client Creation: Create a client in Telegram swiftly and initiate the verification process with your team during negotiations.
- Rapid Data Entry: Once an agreement is reached, managers can enter all necessary information for a ticket or contract draft via phone and finalize the deal within a few hours, without needing a computer.
For regular suppliers, Graintrack can significantly streamline workflows and save time by shifting data entry to the counterparty.
- Supplier Requests: Suppliers can submit potential requests and draft contracts through Telegram, with the information automatically entered into the system.
- Shipment Tracking: Information about shipped goods and their status can be easily entered and tracked.
Reconciliation Information: Suppliers can access reconciliation information at any time without distracting the finance department, saving valuable time.
