Invensoft Makes Headway
Recently, I talked with Invensoft Technologies who last year kindly sponsored the CTRM Conference. Invensoft is an Indian vendor that operates in the Commodity Management software space offering a number of solutions that includes Commodity Management, Commodity Warehousing as well as traditional CTRM. It has consolidated these products on its Invensoft-XBS© Commodity Management platform to provide an end-to-end solution primarily for agricultural and metals commodity businesses. Invensoft-XBS© offers extensive features covering Procurement, Quality Management, Inventory, Processing, Traceability, Logistics and transportation, Trading, Hedging, Risk management, Positions Management, Collateral Management, Certification Management, Cost Management, Daily Profit & Loss both on Physical & Futures and Reports delivering Live and Historical data.
2014 was apparently a good year for the company and it acquired a number of new global trading house clients as well as some new clients in Peru and Vietnam in the area of Commodity Warehousing; specifically offering 3rd Party warehousing and services in the area of metal concentrates and agricultural Commodities.
It has also been active with further development and recently completed a new module called “Customer Center”. Customer Center brings in stakeholder information for sharing and unification. Its solution uses the latest technologies and architecture and is available in the cloud. Mr. Prassad Raju, founder and CEO of Invensoft, also told us that a strong differentiator for Invensoft is its built in workflow and overall usability, which helps to increase operation efficiencies and profits by reducing costs. Invensoft is now moving strategically in the direction of mobile and cloud technology and their product is ‘already enabled for cloud deployment and can be used on host of devices offering flexibility to its customers’.
Invensoft currently has clients Indonesia, Vietnam, India, Singapore, Uganda, Kenya, Tanzania, Peru, Colombia and Honduras.
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