Commodity trading, transaction, and risk management (CTRM) software manages all activities related to the buying and selling of commodities such as oil, grains, metals, or electricity. CTRM helps companies plan when to buy or sell commodities, track pricing, and the volumes of commodities processed. Since commodities are traded on platforms similar to a stock exchange, their prices fluctuate, and companies need to manage the risk of losing money. This type of software is mostly used for procurement professionals who need to purchase raw materials and other commodities that their company needs to function.
CTRM can be integrated with accounting software and ERP systems to manage the financial aspects of trading. Integration with supply chain suites is also required to track the demand for commodities and inventory availability.
To qualify for inclusion in the Commodity Trading, Transaction, and Risk Management (CTRM) category, a product must:
Eka is the global leader in providing Smart Commodity Management solutions. Ekas analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets. The companys best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support.
Voted "Top 3 ETRM System" by clients and peers, Pioneer Solutions' "TRMTracker" is based on FARRMS advanced architecture and is a complete energy trading and risk management software solution that is changing the energy trading marketplace with its web-based comprehensive energy and commodity trading & risk management (ETRM-CTRM) software features.