ION Commodities transforms grain and oilseed merchandising with the relaunch of Agtech

LONDON, Feb. 20, 2025 /PRNewswire/ -- ION Commodities, a global leader in commodity management solutions, announced the relaunch of Agtech, formerly also known as SMARTsoft. The new Agtech is a groundbreaking Software as a Service (SaaS) solution poised to transform grain and oilseed merchandising and trading.

Today's fast-paced agricultural sector is characterized by unpredictable weather patterns, volatile commodity prices, evolving trade regulations, and tight margins. Against this backdrop, traditional ERP and commodity management systems struggle to keep pace with industry demands. With their outdated accounting frameworks, these systems falter in the face of modern challenges.  The new Agtech is a game-changing solution designed to address the specific needs of grain and oilseed merchandisers and traders in the digital age.

Building on 30 years of experience in assisting agricultural businesses with managing their product lifecycles, Agtech has evolved to meet the growing demand for instant access to information.  The newly relaunched Agtech leverages the latest cloud-based technology to digitalize the entire grain and oilseed value chain – from origination, processing, and storage to logistics and settlement. The solution provides enhanced real-time risk management and insights to optimize operations, maximize profitability, and adapt to market changes with agility and precision.

In a complex environment where every decision impacts profitability, Agtech offers grain merchandisers and traders a competitive advantage through tailored workflows and data they can trust. Agtech provides all users – including merchants, traders, CFOs, scale operators, grain administrators, and logistics operators – with role-based dashboards and worksheets specific to their needs to enhance their operational efficiency and make more informed decisions. Key functionalities include contract management, real-time P&L and exposure, movement and shipment planning, inventory management, and ticket management, all built from the ground up for ease of use and superior performance.

"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," said Sunil Biswas, Chief Executive Officer, ION Corporates. "While Agtech was built specifically for grain and oilseed traders and merchandisers and the challenges they face, ION Commodities remains committed to providing the entire commodity trading community with contemporary technology that will transform how our industry operates."

Agtech is the latest addition to ION Commodities' comprehensive suite of commodity management solutions. With its user-friendly interface and customizable features, Agtech will become an essential tool for grain and oilseed businesses, setting a new standard for excellence in agricultural trading. Together, the original Agtech Desktop and the new cloud-based SaaS solution will continue to be leaders in modernizing today's grain industry.

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/. 

About ION Commodities

ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients with real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/. 

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SOURCE ION