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An Update from Tradesparent

We hadn’t had a briefing from Tradesparent in quite some time and, as I discovered, there was quite a bit to catch up with, not least of which was that the company (formerly known as CSS – Commodity Services and Solutions) had celebrated its 10th anniversary in December 2020. Tradesparent is a provider of Data & Analytics solutions for the agribusiness industry. I spoke with Siavosh Arasteh of Tradesparent to get a quick catch-up with a more extended briefing and demonstration scheduled for later in the month. The vendor has expanded across the processing industry and started new projects in the milling wheat, palm, soy/soft seeds crushing and refining, and in the poultry industry, he told me. Like many other vendors, it had delivered its first two end-to-end remote implementations recently. “Data ingestion and normalization are core strengths of Tradesparent. In the last year, we expanded our margin management solutions to cover more downstream needs, with our customers and in the agribusiness industry at large,” he added.

It has also added a cashflow forecasting module. “Mitigation of liquidity risk and optimization of working capital utilization are high on the agenda of every company, and that compelled us to build the cash flow forecasting module.” This module provides an integrated single view of the forward book, accounting information, loans, bonds, credit lines, and planned CAPEX transactions.

Tradesparent is also moving towards real-time data and reporting, he said. It already offers ‘best practice’ in the area of daily reporting. Still, it has expanded its’ Data Hub functionality to handle active reporting throughout the trading day. “There is a trend towards actively reporting risk positions and metrics throughout the trading day, or at the least, with an update at the end of the trading day. Tradesparent is ‘real-time ready’ to handle those needs. Our goal is always to ensure our clients are leveraging available data to the maximum,” he said.

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Another area that Tradesparent has been active in is security, where it has undertaken ISO 27001 certification and passed the SOC 1 Type 1 (SAE 3204) audit. In a recent press announcement, Nobert Verhagen, Chief Information Security Officer of Tradesparent, commented, “We are particularly proud of having received the ISO 27001 certificate with zero non-conformities in less than three months. The certification and successful SOC Audit are an important demonstration of our commitment to the highest security standards, which has been our core focus from day one. This signals to our customers, partners, and prospects know how central the protection of their data is to our organization.”

We will be learning more about recent activity at Tradesparent in the coming weeks.