Land O'Lakes Selects OpenLink's Risk Solution for Agribusiness
Land O’Lakes, a US farmer-owned food and agricultural co-operative, has selected Openlink to manage its trading and enterprise risk management requirements. Land O’Lakes will implement the integrated dbcSMARTsoft and Endur/RiskPak solutions across its global business units to manage physical and financial commodities.
Land O’Lakes selected OpenLink after a comprehensive review of industry solutions. OpenLink’s integrated solution surpassed top competitors due to its superior risk management, instrument modelling and reporting functionality.
The company’s key requirements included the ability to manage all commodity and energy exposure in a single enterprise-wide solution; support multiple risk management methodologies; monitor corporate performance metrics including earnings at risk, cash flow at risk, real-time credit risk; and proactively position it to handle the uncertainties related to pending legislation.
“At Land O’Lakes, transparently managing margin across our entire value chain is a principal operating philosophy,” said Susan Grelling, vice president of commodity risk management at Land O’Lakes. “By deploying OpenLink’s solution, we will be able to more effectively manage pricing and earnings, better preparing us to manage operations in increasingly volatile and regulated markets.”