ISLE of MAN, May 24th 2017- The Fendahl Fusion CTRM solution has been selected by Seaboard Overseas Limited, a division of Seaboard Corporation, to enable future growth and profitability.
Seaboard Overseas is a global trader of; wheat, corn, soybeans, soybean meal, mill feed, rice, pulses, milk products, sugar, food oils, and other protein meals. Seaboard sources, transports, and markets over 9 million tons of commodities each year. In addition, Seaboard operates a fleet of company owned and chartered bulk freight vessels, delivering commodities to in-house and to third-party customers around the world.
Seaboard has been using a legacy CTRM system to manage trade and risk management business processes for several years. This system has however simply not supported the way that Seaboard does business, making it a difficult and complex system to operate. The out dated design of the existing system made it inflexible and expensive to modify. Seaboard’s legacy CTRM system was also proving expensive to support and maintain.
To address these issues and avoid their legacy CTRM system acting as a constraint on future business growth, Seaboard management decided to run a competitive 12-month selection process to select a modern CTRM solution.
At the conclusion of the selection process Seaboard selected the Fendahl Fusion CTRM solution because Fusion is a modern CTRM solution that supports complex agricultural trading industry business processes. The selection team found that Fusion CTRM is a flexible solution that can be molded to fit bespoke business requirements, without costly change requests and long delays for custom development. They also discovered that Fusion CTRM solution is cost effective and offered Seaboard a low long-term cost of ownership.
“Fusion is a flexible and modern CTRM system that supports the way we do business. We believe that partnering with Fendahl will help us to continue growing our business profitably for years to come” Gail Cummings, Executive Vice President, Seaboard Overseas Limited
The implementation of the Fusion CTRM solution is now underway and is expected to be completed later this year.
Fendahl Technology is a rapidly growing global CTRM software and consulting company with a dedicated team of over 100 staff with offices in the Americas, Asia, and EMEA, serving a growing global client base across multiple commodity segments. Fendahl offices are located in the London, UK; Houston, USA; Dubai, UAE, Singapore and Nagpur, India.
If you would like to see the advantages of a next generation CTRM solution then click here to learn more about Fusion CTRM.