Commodity Software
Transform Your Commodity Business
Manually managing your commodity business is complex and time consuming, increasing costs. iRely’s commodities software automates business processes, integrates seamlessly with ERP systems, and digitally connects you to your business partners, simplifying the global trade management. Improve your commodity strategies with real-time insights and automates workflows.
Integrate better, collaborate smarter and prioritize speed and profitability with iRely.
- Gain instant contract status reports and view the entire lifecycle of all contracts in one place
- View the status of all derivatives on one screen
- View the entire lifecycle of all futures in one place
- Gain real-time views of inventory, P&L, exposure, and risk
- Automatically tie the general ledger to trade profit and loss by transaction and get month-end closing reports in real time
iRely’s commodities software covers the entire lifecycle of commodity-based businesses, including procurement, logistics, trading, processing, distribution, and integrated risk management.
Commodity Software Solutions
iRely provides commodity solutions for commodity trading and commodity procurement.
Commodity Trading and Risk Management (CTRM)
Commodity Management (CM)
Analyst Ranks iRely #1 in 13 of 20 Categories
A leading consulting firm analyzed nine leading CTRM software providers, including iRely, comparing them across 20 key variables.
iRely was rated #1 in 13 of the 20 categories, with an overall score of 14.25. Our nearest competitor was over 3 points behind, with 11.00 points.
iRely was the top-rated CTRM provider in 13 categories: ability to deliver, ability to support, application management, buying and contract management, claims, implementation ease, logistics, industry knowledge, reporting, risk management and position, skilled resource availability, solution maturity and usability.
- Trading partners can log in, view their transactions, and make updates
- Vendors can electronically countersign contracts, view the result of samples sent, and view the status of pending invoices (all unpaid invoices)
- Logistics service providers can update estimated arrival dates of vessels
Are you minimizing risk in your commodity supply chain? Download this ComTech Advisory
white paper to learn how.
For most raw materials and commodities, the supply chain is long and complex. Increasingly, companies are focusing on their supply chains to better control operational risks and exposure.
Read this white paper to learn how you can manage your entire commodity business, increase efficiency, and improve risk management.
iRely's Commodity Management Features
iRely delivers the functionality you need to profitably navigate commodity markets.
- Integrated, live risk management reporting
- Automated slicing feature to create subcontracts with a click of a button
- A collaborative portal for your company, customers and vendors
- Customizable combination of screens to ensure ease of use
- User-specific menus, screens and controls with permission-only access
- Searchable and filtered grids to speed entry, imports, and exports
- Real-time alerts for instant insight into problem areas
- Automated workflows to save time and remove manual input errors
- Inventory information with the click of a button
- Automated logistics updates across all shipments
- Automatic generation of balance sheet and profit and loss statements
- Real-time traceability across the entire commodity supply chain
Curious about the benefits of integrated accounting?
iRely Advantages
Industry expertise
Our software was developed by a commodity company. Our implementation teams only work on CM for soft commodities. We understand the nuances of your business.
A long-term ownership plan with no external funding
Unlike other software companies, iRely is not owned by private equity firms. Our owners are committed to iRely’s long-term success.
Superior financial
detail and access
Our software was created by accountants and provides native accounting with item level cost controls. Our native accounting ensures easy integration with other ERP systems.
A deeply experienced implementation and support team
We have over 30 years of on-time, on-budget CTRM implementation success. Our customers are happy to provide references.
Customer data-driven acceptance testing
Our Automated Quality Control and Business Process Review ensure iRely meets the unique requirements of your business. We use your data, not sample data, to ensure your success.
One reconciled source of truth for trading partners
iRely’s collaborative web portal enables real-time, digital collaboration with trading partners.