ION Commodities, a global leader in commodity management solutions, has announced the relaunch of Agtech, a Software as a Service (SaaS) solution designed to revolutionize grain and oilseed merchandising and trading. The new Agtech is a significant upgrade from its predecessor, SMARTsoft, and aims to address the unique challenges faced by today’s agricultural sector.
The agricultural industry is currently grappling with unpredictable weather patterns, volatile commodity prices, evolving trade regulations, and tight margins. Traditional Enterprise Resource Planning (ERP) and commodity management systems, with their outdated accounting frameworks, often struggle to keep up with these modern challenges. Recognizing this gap, ION Commodities has developed Agtech to provide a comprehensive, cloud-based solution tailored to the specific needs of grain and oilseed merchandisers and traders.
Building on three decades of experience in assisting agricultural businesses, Agtech has evolved to meet the growing demand for instant access to information. The newly relaunched Agtech digitalizes the entire grain and oilseed value chain, from origination and processing to storage, logistics, and settlement. This end-to-end digitalization enables enhanced real-time risk management and provides valuable insights to optimize operations, maximize profitability, and adapt to market changes swiftly and precisely.
In an environment where every decision impacts profitability, Agtech offers a competitive advantage through tailored workflows and reliable data. The solution caters to various users, including merchants, traders, CFOs, scale operators, grain administrators, and logistics operators, providing role-based dashboards and worksheets to enhance operational efficiency and decision-making. Key functionalities include contract management, real-time P&L and exposure tracking, movement and shipment planning, inventory management, and ticket management, all designed for ease of use and superior performance.
Sunil Biswas, Chief Executive Officer of ION Corporates, emphasized the significance of this relaunch, stating, “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.”
Agtech is the latest addition to ION Commodities’ comprehensive suite of commodity management solutions. With its user-friendly interface and customizable features, Agtech is poised to become an essential tool for grain and oilseed businesses, setting a new standard for excellence in agricultural trading. The original Agtech Desktop and the new cloud-based SaaS solution will continue to lead the modernization of the grain industry.
