The commodity market poses a variety of risks, which can all greatly influence trade profits. Thus, it must be monitored and managed at all times. If managed well, the commodity market can allow farm businesses to significantly improve their profits. This is where Commodity Trade and Risk Management (CTRM) software comes in. CTRM systems offer various benefits, from increasing efficiency to improving risk management and data security. Here are some of the main advantages the agriculture industry can enjoy when using modern CTRM:

1. Better cash flow management

With CTRM software, you can analyze payment history and behavior patterns to better estimate payment dates. This allows users to predict projected cash flow based on payment terms and analyze situations based on the dates of each shipment process to evaluate possible scenarios.

2. Real-time insight into information and better risk management

Accessing real-time data from all the supply chain components enables commodity traders to analyze the impact of dynamic market movements quickly. With real-time alerts, traders can receive notifications whenever there is a market shift or when risk limits are breached and can thus take immediate action to address such problems.

3. Enhanced decision making and increased performance and revenues

CTRM software helps business leaders better assess the risks associated with taking certain actions, allowing them to make more informed choices. Indeed, in the agriculture industry, CTRM provides full visibility into positions, exposures, and the overall profitability of trading.

4. Better supply chain management and adherence to compliance

Modern CTRM connects information across your entire value chain, enabling more efficient planning and scheduling while also improving operational awareness. You can track inventory at each location, easily comply with regulations of trade repositories, and take prompt actions based on user-defined alerts.

5. Real-time marketing intelligence

You can also set up notifications to alert you when market shifts occur. Gaining real-time data from weather forecasters such as Accuweather and aWhere or market data from companies like S&P Platts and Refinitiv can allow you to gain a competitive advantage over your competitors.

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