ION Commodities, which provides commodity management solutions, announced the relaunch of Agtech, formerly also known as SMARTsoft.
The new Agtech is a software as a service (SaaS) solution that ION Commodities hopes will transform grain and oilseed merchandising and trading.
Today’s fast-paced agricultural sector is characterized by unpredictable weather patterns, volatile commodity prices, evolving trade regulations, and tight margins. Against this backdrop, traditional ERP and commodity management systems struggle to keep pace with industry demands. With their outdated accounting frameworks, these systems falter in the face of modern challenges. The new Agtech is designed to address the specific needs of grain and oilseed merchandisers and traders in the digital age.
Building on 30 years of experience in assisting agricultural businesses with managing their product lifecycles, Agtech has evolved to meet the growing demand for instant access to information. The newly relaunched Agtech leverages the latest cloud-based technology to digitalize the entire grain and oilseed value chain – from origination, processing, and storage to logistics and settlement. The solution provides enhanced real-time risk management and insights to optimize operations, maximize profitability, and adapt to market changes with agility and precision.
In a complex environment where every decision impacts profitability, the company said Agtech offers grain merchandisers and traders a competitive advantage through tailored workflows and data they can trust. Agtech provides all users – including merchants, traders, CFOs, scale operators, grain administrators, and logistics operators – with role-based dashboards and worksheets specific to their needs to enhance their operational efficiency and make more informed decisions.
Key functionalities include contract management, real-time P&L and exposure, movement and shipment planning, inventory management, and ticket management, all built from the ground up for ease of use and superior performance.
“Moving away from traditional grain ERPs, the new Agtech offers a modern approach to grain merchandising. This relaunch of Agtech reaffirms our dedication to innovation and providing best-in-class products and services to address the evolving needs of the agricultural industry,” said Sunil Biswas, chief executive officer of ION Corporates.
“While Agtech was built specifically for grain and oilseed traders and merchandisers and the challenges they face, ION Commodities remains committed to providing the entire commodity trading community with contemporary technology that will transform how our industry operates.”
Agtech is the latest addition to ION Commodities’ suite of commodity management solutions.
