What is

What is ERP for Commodities?

ERP for Commodities or Commodity ERP is essentially ERP software extended or specially configured for buyers, sellers and processors of commodities both listed and unlisted. Mostly, it lacks the trading and risk analytics aspects of a CTRM but offers coverage of physical commodity prices, movement and storage. As opposed to having trading book structures, it will more than likely use a contract management approach to buying and selling and it may or may not include support for financial instruments for hedging.... continue reading

What is CRM for Commodities?

CRM for Commodities is CRM software specifically configured for commodities. As in ERP for Commodities or Commodity Management, the emphasis is usually towards buyers, sellers and processers of commodities as opposed to traders. It will include origination, sales and contact management and may even get into aspects of logistics as well.... continue reading

What is Commodity Management?

Commodity Management is a rapidly emerging application area that is significantly broader than “CTRM” in some respects and has, at least until now, catered primarily to a large group of entities that don’t really ‘trade’ commodities, but instead procure, process or sell them. As Commodity Management has gained acceptance in the market, the term is increasingly used to describe the entire breadth of processes involved in handling commodities, including trading and risk management to the point where CTRM software is essentially becoming a subcategory of Commodity Management.... continue reading

What is SaaS? – Software as a Service

SaaS – Software as a Service – software that is owned, delivered and managed remotely by one or more providers. The provider delivers software based on one set of common code and data definitions that is consumed in a one-to-many model by all contracted customers at any time on a pay-for-use basis, or as a subscription based on use metrics. SaaS software can reside in the cloud – either the public cloud or a private cloud. A strict definition would imply that all users use the same software application/database and that each different user company’s data is identified and labelled to ensure that it is only available to properly authorized users from that company. This is often referred to as multi-tenanted. We refer to single-tenanted SaaS as ‘hosted’ and multi-tenanted... continue reading

What is TRM Software? – Trading and Risk Management Software

TRM Software – Trading and Risk Management Software. TRM software is that category of software applications, architectures and tools that support the business processes associated with trading any instrument in any asset class. CTRM Software and ETRM software are subcategories of TRM software.... continue reading

What is ETRM Software? – Energy Trade Risk Management Software

Energy trading, transaction and risk management ETRM software is that category of software applications, architectures and tools that support the business processes associated with trading energy commodities (Crude oil, Refined products, Natural Gas, NGLs, Electric Power and so on). In the broadest sense, commodity trading means both the buying and selling of energy commodities, the movement and delivery of those energy commodities and associated risk management activities. It therefore comprises a broad set of functions that can vary considerably depending upon which energy commodities are traded, what assets are employed in the business, where those assets are located and what the company’s business strategy and associated business processes are. ETRM Software is a sub-category of the broader CTRM software category.... continue reading

What is CTRM Software? – Commodity Trade Risk Management Software

Commodity trading, transaction and risk management CTRM software is that category of software applications, architectures and tools that support the business processes associated with trading commodities. In the broadest sense, commodity trading means both the buying and selling of commodities, the movement and delivery of those commodities and associated risk management activities. CTRM therefore comprises a broad set of functions that can vary considerably depending upon what commodities are traded, what assets are employed in the business, where those assets are located and what the company’s business strategy and associated business processes are. ETRM Energy Trade Risk Management is also a part of CTRM Commodity Trade Risk Management... continue reading