M&A IN THE COMMODITY TRADE CALL FOR INTEGRATED ERP/CTRM SOFTWARE
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
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Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
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To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
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M&A in commodity trading call for integrated ERP/CTRM software
In September last year, it appeared that the number and the value of Dutch mergers and takeovers has decreased. However, several interesting mergers and acquisitions have taken place internationally in the world of commodities. For example: Danone, the world’s largest producer of yoghurt, recently bought the American food company WhiteWave Foods. Amtrada, the Dutch trade company in coffee, cocoa and nuts, sold its coffee activities to Sucden.
In August 2016, grain trader Nidera was fully acquired by the Chinese Cofco and one month later, Chinese steel producer Baosteel took over its competitor Wuhan. Lots is going on in the oil industry as well, including the takeover of Dutch Inter Oil’s shares by the Swiss company Varo Energy and the acquisition of Ozark County LP Gas by MFA Oil.
CHAIN INTEGRATIONMergers in the world of commodities often involve horizontal integration in which trade companies merge by taking over similar companies. This allows them to achieve economies of scale and enter new markets. It also involves vertical integration of storage and transfer facilities, ensuring production capacity to enable better reactions to sudden shortages.
COMPLEXITY CALLS FOR CONTROL AND INSIGHTThe financial success of a merger or acquisition is driven by turnover and cost synergies. Examples include: consolidation of (main) offices, deduplicating overhead positions, combining purchasing power and rationalizing required assets. A merger or acquisition means expanding the organization and thus making it more complex. This results in an increased need for control and insight. Furthermore, companies taking a strategic approach to M&A need an IT architecture that facilitates acquisitions adequately.
INTEGRATION OF TRADING, LOGISTICS AND FINANCEThe need for more control and insight and the ability to easily integrate new acquired companies is often insufficiently structured by IT. The fragmented software landscape simply cannot provide this insight. A response to this would be implementing an integrated ERP/Commodity Trading and Risk Management (CTRM) solution. In addition to the required support for all company processes of the various departments, this would also offer a functionality that is typical for commodity trading. An integrated ERP/CTRM system provides real-time insight into market positions, contracts, currency positions, prices and logistics agreements and all departments (Trading, Logistics and Finance) would work with the same system. In an advanced integrated ERP/CTRM system it would definitely be possible to work with multiple entities (companies) and with multiple currencies.
Cadran developed a complete module within Oracle JD Edwards ERP, which offers all the necessary functionalities.
Do you want to know all reasons in favor of an integrated ERP/CTRM system? Read this whitepaper: ‘The need for an integrated ERP/CTRM system for commodity traders’.
Author: Ed Pieters, CEO Cadran Consultancy