Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Europe looks down under for commodities trading solutions

Europe looks down under for commodities trading solutions

BRISBANE- Australian software specialist Scalable Data Systems has successfully wooed a European giant with its signature product, Scalable Commodity.
With a EUR4 billion turnover in 2017 and operations in 16 countries, Danish Agro had been in the market for a new common ERP system for its Agribusiness DK, Agribusiness International and agri-related business units for some time.

After a wide-ranging review, Danish Agro chose Scalable’s powerful and flexible Commodity Trading module integrated with Microsoft’s Dynamics 365 Finance Operations ERP.

“Other products were evaluated,” Danish Agro’s CIO Bo Ronn said, “but none of the others were developed enough for implementation in Dynamics 365.”

The deal between Brisbane-based Scalable and the European agricultural group follows a four-month product trial in 2017.

Danish Agro enlisted iStone of Sweden to work with Scalable Data Systems, installing Dynamics 365 with the Scalable Commodity solution built in.

Partner companies Hankkija, Swedish Agro and Hedegaard then tested the integrated solution in a series of workshops, concluding the product met most core needs in its grain and crop business.

Scalable CEO Brett Crew said the Danish Agro deal reflects his company’s 30 years’ experience in the industry and its commitment to software excellence.
“With existing CTRM industry applications approaching their use-by date, we saw an opportunity to develop a product which dovetails into the fastest-growing enterprise management system,” he said.

Scalable has built strong relationships with clients across a range of commodity industries around the world, giving the tech company an insight into the logistics and information management issues traders face daily.

“Price volatility in commodity markets is the new norm,” Mr. Crew said.

“It’s a challenging world for traders looking for the best pricing strategy and manufacturers managing the cost of raw materials.”

In a bid to minimize risk, the commodity sector is looking for more ways of quoting and pricing raw materials.

“In today’s fast-moving markets, clients are looking for one version of the truth. The era of stand-alone, satellite software in the commodities trading world is over,” Mr Crew said.

The natively built Scalable Commodity CTRM module has met Microsoft’s highest standard for partner-developed software and is now Microsoft Dynamics 365 Certified.

Implementation started in January 2018 across Denmark, Sweden, Estonia, Latvia, Lithuania, Germany and Finland with an estimated 750 Scalable Commodity (CTRM) users expected to be live on completion.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post