iRely CTRM Brochure
iMake BrochureFebruary 2, 2012 Agrana Studen Sugar Trading leverages iRely CTRM in its joint venture. [More...]
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Industries 
Trading and Risk Management Nuts
Trading and Risk Management Nuts
Other Industries
In today’s world of fast moving markets, demanding customers, and the primacy of cash, successful nut trading companies must master three critical skills: trading, operational efficiency, and effective management oversight. iRely Commodity Trading & Risk Management (CTRM) software provides superior information to support excellence in all of these areas.
We understand that each trader’s customer is slightly unique and each trading company has its own style. Therefore we have designed iRely CTRM to be flexible in order to service your needs with minimal customization required.
Trading
CONTRACT MANAGEMENT
Stay on top of your contracts with iRely CTRM. With iRely contract status is always at your fingertips. Configure alerts such as price, shipment/delivery status, and quality status to ensure you’re meeting customer obligations. iRely makes it easy to enter contracts (such as copying a similar contract) helping ensure that your position is always up-to-date. And, when you’re trying to identify sales opportunities, iRely’s flexible contract inquiry is there to give you the information you need.
POSITION MANAGEMENT
iRely CTRM offers powerful tools to ensure you can understand and actively manage your position at any point in time. What does a trader look at when he or she comes to work in the morning? How do you cover for a trader who is out of the office? A quick look at the Long/Short Report tells you what you need to know.
iRely enables you to focus on uncovered sales and unsold purchases to reduce risk, serve customers, and reduce cash needs. Make optimal use of “the book” rather than investing in more inventory. iRely offers customized views so individual traders can focus only on the products or counterparties they are responsible for, increasing their efficiency.
Reserve inventory while awaiting customer approvals or buying decisions to avoid duplicate sale of the same parcel. With iRely, focus on what’s critical to success in trading rather than on compiling data on massive spreadsheets.
FLEXIBILITY
iRely CTRM is unparalleled in giving nut traders the flexibility they need succeed in today’s world. iRely handles multi-commodities (for companies that trade commodities other than nuts), multi-companies, multi-currencies, and multi-languages that can all be configured across your organization or by user/company. Why create work-arounds or restrict your talent pool based on your software? iRely enables you to run your business the way you want to run your business.
Operations
LOGISTICS
The demands on your back office have never been greater. Many nut traders are discovering that customers are managing cash more tightly than ever before, reducing the size of each order and increasing the number of transactions. This results in more workload for the same amount of business by those unsung heroes of the trading company – the back office. iRely provides the tools you need to handle more transactions with existing staff.
For example, iRely manages multi-model logistics. It enables you to generate the required documents while simultaneously updating the status of each parcel including:
- Shipping instructions
- Shipping advice
- Release orders
- Warehouse transfers
- And more
Simplify your work flow by tracking multiple shipments against each contract. Verify shipped weights and automate the claims process. Whether you process a small number of very large transactions, a huge number of small transactions, or a combination of both, managing logistics has never been more efficient!
INVENTORY MANAGEMENT
iRely CTRM was built keeping the inventory management requirements of traders at the forefront. Real-time and flexible views of inventory make it easy to understand your position so you can focus on leveraging opportunities, selling aggressively, and making money. Service customers locally whenever possible. And, drill down to lot level as needed to support both sales and financial detail requirements. iRely allows you to value your inventory versus the market to quickly gauge your financial position as well as inventory replacement costs.
QUALITY MANAGEMENT
For nut-trading businesses that are sample driven, iRely CTRM provides the tools you need to manage the seemingly endless flow of samples. Automate the tracking of all outgoing nut samples and follow-up with iRely. Ensure delivery and invoicing is not delayed and new sales can be executed promptly against offers. Check nearby sales to make sure required samples have been sent, avoiding costly delays for you and your customer. Additionally, keep tabs on all incoming samples so that decisions are made promptly and communicated to supplier so that shipments are not delayed. This process even acts as an early warning system: lack of a sample might mean supplier will be late.
iRely allows you to record quality results from your own and from customer’s evaluation, whether it be size, defects, or other or physical characteristics. Document quality results for future reference and to support price adjustments when needed. With iRely CTRM, all of your quality data will reside in a single database for easy access.
ACCOUNTING
Perform key accounting functions with iRely and use our proprietary iProcess® middleware to link transactions to your accounting system. iRely allows you to issue accurate invoices to customers consistent with contract, fixation, and delivery parameters. Record costs against contracts to manage actual versus budget and to monitor contract profitability. Issue debit notes for weight claims. With iRely you can be sure every cent, yen, peso, rupee, and centavo has been accurately accounted for.
Management Oversight
RISK MANAGEMENT
However you view your risk, iRely CTRM will allow you to monitor and actively manage it.
The market risk in nuts today is not commonly hedgeable so it is critical that you are on top of your net purchase/sales positions at all times to maintain an acceptable level of risk. With iRely you will always know your position by type of product as well as your exposure to each counterparty.
Understanding and your risk in all its dimensions is made clear with iRely CTRM.
MARK TO MARKET
iRely CTRM allows you to apply mark to market on nut contracts. Mark allocated contracts to each other or to the market. And, in unique situations, iRely gives you the flexibility to override market when appropriate for specific contracts. Quickly monitor your mark to market on a daily basis and you will avoid month-end profit surprises.
PROFITABILITY
Accurately monitor your profitability by contract with iRely CTRM. iRely accounts for all costs including those relating to nut shipment and delivery. At a time when lines of credit are a scarce resource, iRely will help to ensure that you have the visibility to use them for your most profitable business.
REPORTING
iRely CTRM gives you the reporting capabilities you need to stay on top of your organization. iRely offers both ‘battle-tested’ fixed format reports as well as customized reporting.
iRely's fixed format reports have been built based on the needs of our nut-trading customers over the years. These key reports focus risk position, sales results, inventory management, and exception reporting, to name a few. But, as every commodity trading organization is unique, iRely realized the need for flexible database reporting. iRely CTRM allows you to export data into pivot tables and manipulate that information any way you see fit. Additionally, for those with more advanced technological skills, iRely allows for flexible ‘Grid’ reporting using SQL queries.
iRely now offers iGuide Dashboard Evolved. This tool interfaces with iRely allowing you to see all your key business metrics in one place. Gathering data to make timely decisions has never been easier!
