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Commodity Value Chain Service Solution: Case Study
Commodity Value Chain Service Solution: Case Study
com/financial-services/
case study
26.09.2012
u Client: One of the largest global agribusiness and food company u Business AreA: Trading, risk management Front Office, middle Office, Back Office u Asset ClAsses: Commodities u teChnology set: J2EE, IBm WebSphere, Oracle, TIBCO, Struts, Hibernate, aJaX, Web-FOCuS u integrAtion: ErP system (SaP), market data provider u user Profile: Traders (400+ users) u geogrAPhy: Worldwide u relAtionshiPs stAtus: Ongoing, T&m u serviCes Provided: Full cycle: business analysis, development, Qa, maintenance with production support u teAm size: 9 team members u durAtion: 3+ years
BuSInESS CHaLLEngE
The worlds largest commodity trading company was beginning the development of a significant internal software solution that would provide for the management of commodity trading contracts throughout the life cycle of the contract. The client required support for trade execution, marking to market futures values, risk management, and reporting. Purchasing and Sales were separate departments in different locations. The system was to be customized for the unique needs of each department.
Document management within the supported areas of the business was also provided. 2. market data system The application tracks the market price of commodities and provides the workflows for contract pricing based on origin, commodity type, market, quality, and currency. It includes functionality for the management of estimated expenses based on commodity type, quality, party location, origin, and expense type.
3. mark to market system This data transformation system consolidates information from the Trading Execution and management System and the market Data System and prepares it for further processing in the managed reporting Environment. 4. managed reporting environment The system compiles comprehensive contract execution reports for business users and senior executives. 5. Finance risk management The system maintains the registry of deals, tracks their financial risks, and produces statistical information reports.
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BEnEFITS
Luxoft has successfully delivered the systems on schedule and within the budget. The implemented solution fully meets the clients business needs and objectives. The developed platform enables the client to effectively trade commodities covering all stages of the contract life cycle, as well as to manage the risks associated with them.
CuSTOmEr FEEDBaCk
Detailed feedback is available on request.
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Luxoft, a principal subsidiary of IBS group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBm, Deutsche Bank, uBS, Harman, avaya, alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in north america, Eastern Europe, and asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
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