NEURORED
Commodity Management Software
Elevate commodity trading operations with Neurored’s CTRM software for risk analysis, trade management, transportation management, warehousing, and compliance. Integrate with all your enterprise systems for an end-to-end global solution.
Loved by Customers
CTRM Software Features
CRM Tools for Commodity Traders
Master your sales pipeline with mobile-ready customer relationship management (CRM) features tailored to commodity trading. Neurored’s Software includes:
- Accounts and Contact Management: Maintain critical client information, documents, and contacts to effectively collaborate with your team to close deals.
- Salesforce-Native Solution: Harness the robustness, adaptability, and impenetrable security offered by Salesforce, the world’s #1 CRM platform.
- Activity Management: Create tasks, receive timely reminders, and create custom workflows influenced by real-time trading events.
With Neurored’s Commodity Management Solution, businesses can leverage advanced CRM features specially crafted for the bulk and commodity trading sector.
Commodity Risk Management
Leverage Neurored’s CTRM software to mitigate risks inherent to bulk commodity trading. Use innovative tools for:
- Risk Analysis: Evaluate various risks, including price volatility, counterparty liabilities, and operational challenges.
- Credit Exposure Alerts: Actively set, observe, and adjust risk limits to get real-time alerts when there is high credit risk in any account.
- Quick Trading Decisions: Reduce risks due to decision lag by comparing historical rate trends with real-time rates sourced directly from your own trusted suppliers.
Neurored’s Commodity Management App helps you ensure safer trades to help your business confidently navigate the complexities of commodity trading.
Commodity Trade Management
Neurored’s Commodity Management Software is a comprehensive solution for end-to-end trade management. Benefit from features like:
- Demand-Supply Matching: Utilize intuitive point-and-click chartering planning tools for optimal allocation of supply and demand.
- Open Position Monitoring: Reduce trade risk by actively having clear visibility into your open trading positions so you can balance the commodity portfolio.
- Contract Management: Easily generate and manage commodity purchase and sales contracts without leaving the app.
Neurored’s Commodity Trading Solution streamlines commodity trading, giving users an intuitive, efficient, and unified tool to manage trading from sourcing to execution.
Commodity Procurement & Supplier Management
Neurored’s CTRM solution streamlines the commodity purchase process and improves supplier relationship management with features like:
- Simplified Procurement Portals: Streamline sourcing requests using quotation portals to capture structured commodity pricing and contract information.
- Comprehensive Supplier Management: Manage supplier relationships based on price, responsiveness, and satisfaction ratings. You can also set up private tenders for sensitive auctions.
- Quote Comparison Tool: Review past quotes, detect trends, and refine trading negotiations with suppliers with up-to-date information.
By leveraging our Commodity Management Software, businesses can optimize their procurement processes and foster lasting, beneficial supplier partnerships in the commodity trading ecosystem.
Bulk Transportation Planning & Tracking
Neurored’s Commodity Management Software empowers businesses transporting bulk commodities to meticulously plan their transportation using:
- Detailed Route Planning: Strategically plan routes, encompassing pickup, discharge, delivery, and redelivery stages.
- Bunkering Optimization: Minimize refueling costs by considering fuel remaining, price, distance, and availability.
- Real-time Shipment Monitoring: Track shipments in real-time and receive instant alerts on crucial updates.
Neurored’s CRTM system helps traders ensure smoother, cost-effective, and timely bulk transportation, reinforcing the efficiency of their trading operations.
Commodity Warehousing & Inventory Management
With Neurored’s Commodity Management Solution, businesses gain a competitive edge in warehousing & inventory management with the following features:
- Streamlined Goods Receipt & Warehousing: Carefully plan commodity arrivals to minimize wait times and storage costs to optimize warehouse efficiency.
- Advanced QR Code Tagging: Utilize cutting-edge QR tagging methods for unparalleled item tracking within your warehousing operations.
- Inventory Management & Real-time Stock Insight: Track inventory across multiple locations, assessing quantity, quality, condition, and age. Quickly search stock for instantaneous visibility and conduct grade or quality analyses with precision.
By leveraging the robust features of our CRTM software, commodity traders can optimize their storage solutions and maintain a real-time pulse on their inventory, ensuring readiness for swift market responses.
Process Automation & Custom Alerts
Enhance commodity trading efficiency, accuracy, and responsiveness with Neurored’s Commodity Management System features like:
- Process Automation: Streamline workflows by automating repetitive tasks and allocating more time for strategic decision-making.
- Instant Alerts: Stay vigilant with real-time notifications for critical events. You can customize notifications for events like price fluctuations or breaches of set limits.
- Automatic Quotes & Audits: Automatically pre-load existing data for quick and precise quotations. Also, automate financial audits by comparing quoted vs. invoiced amounts.
By leveraging our software, commodity traders can significantly enhance operational efficiency and responsiveness, solidifying their position in a rapidly shifting market landscape.
Document Management and Compliance
Harness the power of Neurored’s Commodity Management Software to ensure robust document management and unwavering compliance adherence with the following features:
- Store Attachments from Emails: Seamlessly extract and store email attachments, ensuring key documents are instantly accessible within the system.
- Intuitive Folder Setup: Store documents like contracts, bills of lading, and more into folders with intuitive names for swift retrieval during crucial moments.
- Organized Customs Documentation: Sidestep customs complications. Automatically confirm and generate required import/export papers.
With these capabilities, organizations can effortlessly manage documentation, ensuring smooth operations while maintaining steadfast compliance in the volatile world of commodity trading.
Commodity Management Analytics & Insights
Neurored’s Commodity Management Software equips businesses with real-time insights to foster informed decision-making with the following features.
- Interactive Dashboards: Get a comprehensive overview of operations, monitor key performance indicators (KPIs), and fine-tune your trading processes.
- Automated Reporting and Analytics: Dive deep into trading data to understand commodity rates, transaction, and trader metrics to shape your strategies.
- Predictive Analytics: Stay ahead of the competition by anticipating market shifts using past data to project future commodity rates and demand.
By harnessing the analytical capabilities of our CTRM solution, businesses can enhance profitability and maintain a competitive edge in the commodity trading industry.
System Integration & Enterprise Security
Experience seamless integration and fortified security with Neurored’s Commodity Management Software’s robust infrastructure. Benefit from:
- Enterprise Systems and Protocols: Integrate with E-commerce, ERP, CRM, WMS, and accounting tools. Supported protocols include FTP, SFTP, API, SOAP, & REST.
- Unified Customer/Partner Portals: Streamline stakeholder interactions by creating customized and branded digital portals.
- Robust Platform Security: Neurored leverages the Salesforce Platform & AWS to provide the best security architecture, including role-based access and activity tracking.
With Neurored’s CTRM System, your trading operations remain integrated and shielded, preserving crucial business and customer data.
One Stop Solution for Transportation & Logistics
Neurored integrates with any and all of the leading systems in the world and helps you:
- Manage relationships across multiple partners and stakeholders
- Integrate and communicate with existing ERP, WMS, and CRM systems
- Leverage pre-integrated, niche technologies from 30+ trusted players in the industry
- Complement your systems using our diverse and adaptable software offerings
Related Solutions
Freight Rates Management Software
Leverage the industry’s leading Price Optimization and Management Software for enterprises managing Freight Rates, Tendering, Quotation, and Shipment Execution.
Supply Chain Visibility Software
Take advantage of Neurored’s Real-Time Multimodal Transportation Visibility (RMTV) solution and empower all stakeholders with notifications and powerful analytics.
Stevedoring & Warehousing Management
Manage gating, teams, and inventory across warehousing, stevedoring, and terminal operations for maximizing end-to-end logistics visibility and supply chain productivity.
Benefits of Commodity Management Software
%
Increased Operational Efficiency
Streamlined procurement, warehousing, and analytics lead to smoother operations.
Comprehensive Trade Oversight
Get clear visibility into trading positions to make better commodity trading decisions.
%
Compliance Adherence
Streamline document management processes to guarantee regulatory compliance.
Advanced analytics and credit risk checks result in increased and secured profitability.
Increased Profit Margins
Boost team efficiency and morale by eliminating repetitive and redundant activities.
%
Reduced Manual Tasks
Maintain a single source of truth by integrating all enterprise systems with Neurored.
End-to-End System Integration
%
Increased Operational Efficiency
Streamlined procurement, warehousing, and analytics lead to smoother operations.
Increased Profit Margins
Advanced analytics and credit risk checks result in increased and secured profitability.
%
Reduced Manual Tasks
Boost team efficiency and morale by eliminating repetitive and redundant activities.
Comprehensive Trade Oversight
Get clear visibility into trading positions to make better commodity trading decisions.
%
Compliance Adherence
Streamline document management processes to guarantee regulatory compliance.
End-to-End System Integration
Maintain a single source of truth by integrating all enterprise systems with Neurored.
%
Reduced Manual Tasks
Boost team efficiency and morale by eliminating repetitive and redundant activities.
Increased Profit Margins
Advanced analytics and credit risk checks result in increased and secured profitability.
%
Increased Operational Efficiency
Streamlined procurement, warehousing, and analytics lead to smoother operations.
Comprehensive Trade Oversight
Get clear visibility into trading positions to make better commodity trading decisions.
%
Compliance Adherence
Streamline document management processes to guarantee regulatory compliance.
End-to-End System Integration
Maintain a single source of truth by integrating all enterprise systems with Neurored.
Customer Testimonials
Holcim Trading
“The app allows us to manage our entire front and middle office function with seamless connection to our back office, therefore, integrating all the different systems and removing satellite tools or spreadsheets so a complete and true 360° view of our customers and suppliers with even capabilities to open the tool to them for collaboration and exchange of information.”
Werner Enterprises
“Neurored helps us save the time we used to spend on bid consolidation for inquiries to be priced and creating Pre-bid Summaries. We have streamlined pricing numerous lanes by multiple teams in their standard interface by having the data all in one place. We have gained insights on bid characteristics on how our pricing affects the success of a bid.”
Europartners
“Neurored has truly been a Partner for us who has supported us in our growth and development. They took the time to understand our vision before designing a digital transformation solution.”
Interra Global
“Neurored helped us unify and streamline our global supply chain operations. Working with their solution gives us detailed tracking information. Team Neurored’s professionalism in meeting deadlines, managing expectations, and communicating with us has been just what we were hoping for from a Salesforce Partner, and has been an absolute pleasure!”
Ash Grove
“Neurored has digitally connected our forecasting and importing processes, providing us with real-time visibility into our inventory from source to customer, worldwide. Thanks to Neurored, we now automatically reconcile actual logistics costs against estimates, protecting margins while meeting our customers’ high standards.”
Frequently Asked Questions
What is Commodity Management Software?
Commodity Management Software (or CTRM software) is a digital platform that facilitates and automates commodity trading operations, including risk management, procurement, trade management, transportation, warehousing, and analytics.
What are the benefits of Commodity Management Software?
Commodity Management Solutions streamline and optimize trading operations, ensure compliance, mitigate risks, improve stakeholder relationships, and empower businesses with strategic insights and automation tools.
What features must a CTRM have?
A comprehensive Commodity Management tool should include tools for:
- Risk Analysis: For evaluating trading risks.
- Trade Management: To balance commodity supply and demand
- Procurement Portals: For streamlined sourcing and purchasing.
- Transportation Tracking: Real-time visibility across all transportation modes.
- Warehousing & Inventory Management: For optimized storage solutions.
- Document Management: For storing and organizing critical trading documents.
- Process Automation: For task automation and operational efficiency.
- Real-time Analytics: For insights and data-driven decision-making.
- Security & Compliance: To ensure data safety and regulatory adherence.
- Integration Capabilities: To seamlessly connect with various systems.
What makes Neurored's CTRM Solution the best on the market?
Neurored brings critical CTRM features to Salesforce — the world’s #1 Business Apps Platform. Using the leading tech platforms to build our solution makes our solution feature-rich, secure, highly configurable, integrable, stable, and ready for any enterprise challenge.
Do I need Salesforce if I want to use Neurored’s solutions?
No. Whether you have Salesforce or not, it won’t impact your ability to use our solutions. Our tools are built using Salesforce technology and can integrate seamlessly with any leading ERP, WMS, or CRM systems.
Can I use my own suppliers when using Neurored's CTRM Software?
Absolutely. Neurored’s CTRM solution is vendor-agnostic, allowing you to integrate with all your strategic vendors, manage relationships, and streamline procurement processes.
How can Commodity Traders make the best trade decisions?
By leveraging advanced CTRM features like predictive analytics, real-time reporting, and interactive dashboards, traders can make informed decisions backed by comprehensive insights and historical data.
Is Commodity Management Software similar to ERP systems?
While there might be some overlap between CTRM and ERPs in account, document, and data management capabilities, Commodity Management Software specializes in commodity trade, risk, and transportation management for businesses dealing in bulk commodities. In contrast, ERP systems offer a broader range of tools for any company managing financials, inventory, and resources.
Do I need CTRM software if I have an ERP?
ERP and CTRM systems are complementary solutions for businesses dealing in bulk commodities. Even if you have an ERP system, implementing a dedicated CTRM software helps you efficiently manage and optimize your operations, considering the nuances and complexities of the commodity trading industry.
Can I use Neurored CTRM for ETRM operations?
Absolutely! Neurored’s CTRM solution is versatile and robust, making it suitable for tangible commodities and energy derivatives. Therefore, Neurored’s solution suits both Commodity Trading Risk Management (CTRM) and Energy Trading and Risk Management (ETRM) operations.
Do commodity traders need Commodity Management Software?
In the highly volatile and competitive world of commodity trading, a dedicated CTRM solution ensures efficiency, compliance, and strategic advantage, making it a must-have tool for modern traders.
Is Neurored's CTRM solution cloud-based?
Yes, Neurored is a cloud-native solution, freeing businesses from the constraints of outdated on-premise systems and facilitating seamless, global operations.
Can Neurored’s Commodity Management features be purchased separately?
Yes, all Neurored solutions are modular. We tailor the implementation to suit your unique requirements, ensuring you have the necessary tools without unnecessary extras.
