July 12th, 2022 – Omaha, Nebraska
Scoular, founded in 1892, is dedicated to the buying, selling, storage, handling, and processing of grain, feed, food and petfood ingredients. The company operates across North America and Southeast Asia. Throughout 2021, as Scoular executed on its global growth strategy, the company recognized the need to upgrade its risk management tools and selected Tradesparent’s Risk Reporting Solution as its new platform.
Tradesparent perfectly fits Scoular’s required functionality for position and trade reporting. Tradesparent provides extensive commodity trading and risk management expertise, along with a detailed knowledgebase of industry business best practices. The key component in Tradesparent’s functionality is the ability to integrate with legacy systems in a highly adaptable, innovative, cloud- based solution enabled by its Commodity Data Hub that turns data into simple and truthful insights. Tradesparent also demonstrated to Scoular a highly satisfied customer base, providing confidence in the ability to deliver and meet its expectations.
Scoular commended Tradesparent for moving quickly over a six-month period on the project and looks to progressively expand the metrics tracked in close partnership.
Andrew Kenny, Chief Financial and Risk Officer of Scoular, commented:
“As a rapidly growing international company, we recognized the need to further advance our risk management solutions. We must be proactive in managing our risks and exposures and Tradesparent provides the visibility to do that efficiently and effectively. The recent volatility in our markets and rapid pace of change in our industry confirmed we had selected the best partner in Tradesparent, who is an industry leader in risk management software and solutions.”
Alexander Regnault, President of Tradesparent Inc, commented:
“We are proud to be supporting Scoular in their growth ambitions, putting in place a steel frame of risk reporting architecture.”
Tradesparent is a technology company that provides for real-time knowledge in the Food and Fuel industry. With the Commodity Data Hub companies can look at their data from a business perspective, allowing them to continuously innovate and grow. In addition, Tradesparent implements business applications that provide for an in-depth understanding of companies’ positions and performance, risk analytics, margin management and regulatory reporting. Since 2010, the company has delivered high profile projects for the world’s leading commodity traders and processors, such as ADM, Bunge and Cargill enabling their successful digital transformation.