A great commodity trading platform manages all processes that are part of the buying and selling of commodities such as oil, grains, metals, and other refined products. CTRM helps businesses plan when to buy or sell commodities, track pricing, and help with the volumes of commodities processed.
Commodity prices fluctuate, and companies need to manage the risk of losing money. This type of commodities trading platform is used mostly by procurement professionals who need to purchase raw materials and other commodities that their company needs to function.
A CTRM or commodities trading platform can integrate with accounting software and ERP systems to manage the financial aspects of trading. Integration with supply chain software is also necessary to track the demand for commodities and inventory availability.
Zortal is an innovative commodity trading platform for global trading businesses and organizations, providing an efficient solution to automate numerous organizational processes including procurement, inventory, warehousing, and sales.