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JustCommodity gets selected by Export Trading group as their CTRM vendor

Export Trading Group chooses JustCommodity’s CxC™ to manage their Trading and Supply Chain businesses.Being the leading CTRM tool this is an excellent platform for JustCommodity to establish themselves in the African soft commodity space .

 
PRLog - May 27, 2014 - BUKIT MERAH, Singapore -- Singapore, 27th May 2014 -JustCommodity Software Solutions, the leading Commodities Trading and Risk Management Solutions provider, was selected by Export Trading Group to manage their trading and supply chain businesses globally.

Founded in 1967, ETG is the foremost supplier of African agricultural commodities to the world. With a vertically integrated supply chain, the group’s operations extend across procurement, processing, warehousing, distribution, and merchandising. The Group’s extensive logistic and infrastructural network that spans across 42 countries and involves the trade of 25 commodities has put them in a prime position to move commodities globally, from their origination to end buyers economically and profitably.

The global expansion of ETG necessitates an innovative and cutting-edge Commodities Trading and Risk Management solution to streamline physical operations. JustCommodity’s flagship system, CxCTm offers improved supply chain management by integrating trading, risk management and operations along with supporting the logistical requirements of warehousing and processing onto a single automated platform.  The unique ability to CxCTm to allow users to understand complex supply chain problems by providing visibility into long/short positions, mark-to-market accounting, balance to sell/purchase in forward months, currency exposures and hedge coverage will allow ETG to protect profits and gain an edge over competitors.

To quote Hardi Wilkins, Chief Risk Officer at ETG- “We wanted to find the best fit solution partner with a proven track record in emerging markets.  Our chosen partner has the right combination of attitude and agility to adapt to the specific requirements found in Africa.  I am confident that JustCommodity will translate our requirements into an integrated trading solution which will preserve our competitive advantage.  The goal for this partnership will be to produce a world class integrated treasury, supply and trading system which reaps great benefits for ETG and JustCommodity alike”.

“Over the past decade JustCommodity has developed an extensive knowledge base of different markets across the world. Our success in Asia lies in our ability to transform our software to meet ever-changing client demands and varied trading patterns”, said Joel Lou, CEO of JustCommodity. “ETG’s incredible presence in Africa, gives us an excellent opportunity to apply our expertise, developed and refined over the past decade, to the African market. Needless to say these are exciting times for JustCommodity.”

To learn more about JustCommodity’s CTRM solution offering, please visit

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About Export Trading Group

Founded in 1967 to market locally produced and manufactured goods in East and Central Africa, ETG has come a long way with their Footprint extending to India ,South East Asia , Europe , North and South America with presence in 42 countries 26 of which are in Africa.

By owning and managing the supply chain from start to finish, ETG IS able to move agricultural commodities between regions, strategically matching one area’s market origination capabilities with market consumption patterns in another. Combined with the capacity to store commodities close to their point of origin for extended periods of time along with control over transport and logistics , giving them a competitive advantage at all stages of the trade life cycle.

Being successful in Africa , presence in Asia has also increased with 51 Warehouses, four processing facilities and six more pending facilities ETG is expanding its proven knowledge and supply chain model into fast growing regions. They have a Supply chain linking the world’s fastest growing emerging markets and a sound understanding of how to succeed in those markets, Export trading group is well positioned to meet a future that sees dramatic changes in the nature of Global agri-business.

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.

Contact
Prashin
***@justcommodity.com

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Contact Email:
***@justcommodity.com
Source:JustCommodity
Location:Bukit Merah - Singapore - Singapore
Industry:Software, Technology
Tags:etg, justcommodity, ctrm, erp, trading
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