Having existed since the time of human civilisation, agri trade has grown in leaps and bounds. The unprecedented growth however means ever-changing trading patterns. With the proliferation of channels of communication, rapidly vanishing geographical boundaries and rapid urbanisation, the opportunities for agritrading are plentiful. Growth of organised retail, increasing global demand, customers’ preference for high-quality goods, etc are just a few of the opportunities available.
Attaining success in today’s fast-paced world requires traders to keep their ear to the ground for real-time information of prices at different locations, supply-demand situation and market conditions. Logistics capacity to transfer goods on-time is another important aspect. Not to forget that traders are expected to constantly monitor external events like cropping patterns, transportation costs, exchange rate fluctuations, government policies and trade incentives which can largely impact their business. Traders also have to interact constantly with banks, C&F agents, certification inspectors and customs officers. Further, data is stored in disparate systems resulting in a distorted view of business dealings. Technology has hence become vital for traders to avoid any adverse impact on their financial and operational parametres.
A software that has been specifically designed to address traders’ business challenges is the need of the hour. Filling this technological gap is Rain+ Trade. A unified software, Rain+ Trade ensures seamless business dealings as it captures every step of the value chain from contract and shipment processing to documentation, billing and collections.
Traders today use various electronic communication tools like phone, chat, email and social media to deal with several business partners. By helping maintain a central log for all contract amendments and events, which can be easily tracked using the timeline view, Rain+ Trade helps traders effectively single out important information from the noise and stay up to date on the demand and supply situation, price movements on a daily basis. With incoming offers captured and analysed instantly, traders can allocate in real-time, helping meet volume and margin targets. The solution comes replete with a premium shipment workbench that can be used to manage routes, vessels, containers and packages. Traders can hence make their shipment deliveries more effective by planning shipment deliveries in 3 steps, i.e. pre-shipment, shipment & post-shipment, so shipments are dispatched on time and post shipment activities are not delayed.
Traders can now easily generate all the export documents from the central repository. The export documentation feature of the solution also helps all partners such as buyers, sellers, customs handling agents, freight forwarders and brokers to work in tandem. Complete information regarding trade right from export documentation, payables, receivables, inventory positions and customer information can be captured and analyzed in a common environment. Traders can track duty drawback receivables from customs and other exporters, comply with all requirements from various regulatory bodies, effectively manage all service providers like CHA, FF, shipping line, marine insurance, inspection companies, and logistics and maintain full traceability from farm to export.
The most discerning feature of our solution is that it is cloud-based and hence can be accessed from anywhere. Easy-to-use, the solution doesn’t require skilled staff or heavy investment in hardware or software. Not time-intensive, this Rain+ solution can be used instantly. In essence, Rain+ Trade helps traders collaborate seamlessly across borders to execute customer orders.
To know more about Rain+ Trade and what it can do for your company, please visit www.frontalrain.com