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Integrated digital platform to manage complex commodity procurement and supply chain needs

LEVERAGING DIGITAL PLATFORMS TO SAIL THROUGH THE VOLATILE COMMODITY MARKET
Written By: Marketing Team

Blog

Integrated digital platform to manage complex commodity procurement and supply chain needs

November 25, 2021 7-Minute read

How our platform can give access to all contracts and financial information in one place and real time visibility to everyone in the organization 
 

Contract Management

Sonata Agri Commodity platform centers on Contract Management. Once recorded in the Commodity Trade CTRM, contract information is immediately visible across the organization, enabling financial and quantitative details to be updated and tracked.

As it progresses through its lifecycle – logistics, finance, and risk – the contract acts as the central repository for all transactions. Users can interrogate Commodity Trade at any stage for a contract status snapshot, drilling down on transactions for details.

Gives access to all contract and financial information in one place, visible to everyone in the organization. Provides real-time updating of all actions to improve data sharing between departments and streamline internal communications.

Storage Contracts

  • Sonata Agri Commodity tracks third-party commodity held in company-owned storage facilities, including invoicing of storage and handling charges, by defining storage and charge schedules
  • Identifying third-party commodity in store
  • Managing and recording transfer of commodity ownership to other third-parties or converting to purchase contract
  • Periodic storage invoicing based on storage schedules

Reach out to us today whenever feasible and brief you how our contract management module can benefit your stake holders in procurement operations.