Commodity Management Tool Added to ecofinance Treasury Solution
The German-speaking software developer ecofinance has introduced a new module for commodity management. The ITS Commodity Management Tool is used to hedge the risk of raw material pricing and was showcased for the first time at the 20th Finance Symposium in Mannheim. The administration, management, analysis, control and evaluation of raw material transactions are supported within the solution – one of more than 20 modules it includes. The company says that this new module supports commodity requirement planning as part of liquidity planning based upon quantity or contract volume. Commodity transactions are created by selecting appropriate attributes in the system. Datasets remain flexible and can be edited at any time. All steps are logged in an audit trail.