Intercompany transactions in new version of CTRM for JD Edwards ERP
19 October 2018
Cadran Consultancy announces the release of the new version 3.2 of its Commodity Trading module for Oracle JD Edwards (CTRM4JDE).
The new version has many enhancements and new features for commodity traders whose business is to secure profitable trade margins, managing transport and taking part in manufacturing activities.
‘Based on what our existing customers needed and what is seen as generic functionality for new customers, we developed a roadmap for this new version 3.2. This Roadmap focused specifically on more elaborate intercompany transactions and adding pricing functionality’ said Ed Pieters, CEO of Cadran Consultancy. ‘The solution is very complete now and contains the most important functionality for commodity traders to keep up with the highly competitive global market developments’. Pieters stresses the fact that CTRM4JDE is fully integrated with JD Edwards ERP, ensuring that everyone is working in one system across the entire company, allowing for a seamless integration of key business processes.
The latest version 3.2 includes:
As many commodity traders have multiple companies that sell and buy from each other, they require functionality that enables automated and synchronized intercompany transactions. CTRM4JDE now supports this to be done automatically, allowing for a transparent registry of transactions with ease of use for the traders.
Lab results to lots and batches
With the new feature ‘Item Specification Validation’ actual values from lab results can be added to lots and batches ensuring that contracted values and actual values can be compared and managed.
Price fixation based on market information
In the new version automated price fixation of contracts based on actual market information is available and contracts that are fixated can also be repriced. This so called ‘pricing of quoting contracts’ helps traders to fix pricing of contracts automatically the moment the required market data is available.
Contract Forecasting and Budgeting
Ability to store forecasts and budgets of financial prognosis on monthly granularity and the ability to compare these forecasts actively to actuals.
Transport rates module
A lot of manual work and costs due to sub optimized transportation planning can be avoided by using the new transport rates module that covers functionality to store and pick transport quotes based on route details and transportation type.
About Cadran Consultancy
Cadran Consultancy is a certified Oracle Platinum Business Partner and reseller and fully specializes in Oracle ERP implementations for wholesalers, commodity traders and manufacturing companies. Cadran’s ERP portfolio includes Oracle JD Edwards, Oracle NetSuite and Oracle Cloud. Cadran developed CTRM4JDE, a module for commodity traders that is fully integrated in Oracle JD Edwards ERP. With a worldwide partner network CTRM4JDE can be implemented and supported globally. Cadran is a co-founder of Redfaire International, a joint venture of ERP consultancy companies worldwide with over 1000 ERP consultants.
Advice about our solutions?
Mark Kamphuis, Business Unit Manager CTRM at Cadran, would be happy to talk about the possibilities for your organization.