IFFCO Group, Leading FMCG Company in the Middle East, Goes Live with JustCommodity ContraXcentral

Aug. 20, 2013 - PRLog -- Singapore, 20^th August 2013 –JustCommodity Software Solutions, the leading Commodity Trading and Risk Management ("CTRM") solution provider announced today that IFFCO Group has successfully gone live with JustCommodity's ContraXcentral™ platform for its edible oils business.

"We are delighted to have completed the implementation of JustCommodity's ContraXcentral™ into our business.  The feedbacks we are receiving from the business users are very encouraging.  JustCommodity's technology introduces efficiency in our daily operations, providing us a platform to better manage the edible oils business across the value chain and enhancing our capabilities in managing risk," said Mr. Rizwan Ahmed, Executive Director of IFFCO Group.

With ContraXcentral™ (CxC), operations can be enabled to better manage the purchase and sales cycle on a single platform - keeping a close watch across its value chain monitoring the movement of purchased of raw materials, stocks at the refineries and finally down to the sale of packed products.  This is achieved through an integrated ERP and ContraXcentral™; the solution is fully integrated to Oracle's business suite, which IFFCO has widely adopted.

"We are pleased that IFFCO Group has successfully gone live with our latest version of ContraXcentral™ 4.0.  This marks an important milestone for JustCommodity as we are able to prove our competency in delivering a platform for the Middle-East.  We are well on track with our expansion plans to cover the Middle-East region," said Joel Lou, CEO of JustCommodity.

 

 

 

About IFFCO Group

Established in 1975, IFFCO is a United Arab Emirates based business house, which manufactures and markets a well-integrated range of consumer products. IFFCO operates under the following business segments: Impulse Foods, Agri Business, Oils & Fats, Packaging, Sales and Distribution. IFFCO also manufactures related derivatives and intermediates associated with these business segments.

Over the last three decades, IFFCO has developed brands that have built a strong market share in the United Arab Emirates UAE by offering their customers good value of money.

Since its inception, IFFCO has grown consistently by building complimentary businesses supported by acquisitions in the UAE and internationally as well. This model of sustainable growth has seen IFFCO’s transformation from a local company to a dynamic group of international companies with operation and manufacturing facilities in UAE, Pakistan, Malaysia, Tunisia, South Africa, Turkey, Indonesia, China and Australia.

 

About JustCommodity Software Solutions

JustCommodity has established itself as the leading Commodity Trading and Risk Management software solutions provider for the soft commodity sector, servicing some of the largest trading firms worldwide, including Forbes Global 2000 and Fortune 500 companies.

Incorporated since 2002, JustCommodity has developed deep domain knowledge in the physical commodity markets, providing industry-focused solutions that meet the real-world business challenges of its clients.  Embedding industry best practices for trading, logistics, and risk management into its product, ContraXcentral™; coupled with dynamic real-time reporting tools, has yielded one of the most powerful Commodity Trading & Risk Management solutions in the industry.

 

Leveraging on this unique expertise, JustCommodity has expanded its value proposition to the market by offering specialized consulting and advisory services, “Global Thought Leadership”, contract execution and risk management into a single enterprise wide solution suite.