5 Ways We Help Your Agribusiness Manage Risk

Many aspects of the agribusiness industry are fraught with risk, and many are unavoidable. Unpredictable weather patterns, for example, affect yield, and world events continue to affect supply chains and disrupt procurement, production and pricing. As a result, implementing methods to manage risk wherever possible is critical for any business looking to operate successfully throughout the unexpected. Our Gold Agribusiness Management software enables you to use data to better understand your business and plan for better outcomes.

Here are 5 ways Gold helps your business manage risk:

Avoid Expensive Errors

Primetics solutions provide several features that assist in the automation of processes, the reduction of costly errors, and the overall improvement of financial management.

Gold users are provided with an overview of invoicing, electronic sales, purchase transactions, and multi-currency sales to keep a tight control over budget expenditure and improve overall financial management. Traders can employ Authorisation and Daily Trade sheets to ensure each contract is checked and approved ensuring any risks of exposure are examined. Our products can also drill into industry-specific needs. For example, grain traders can automatically apply monthly carry and adjustments, premiums, and deductions based on actual analysis and contractual terms, improving invoicing and self-billing accuracy, and lowering administration costs.

Ensuring Compliance and Product Quality

Another way to manage risk in your business is to ensure that you are compliant and audit ready. Our software supports the production of quality, grade standard products and provides functionality for traceability. The central data store allows you to record and access key information quickly to ensure compliance with regulation and supporting audit.

Feed producers can trace every controlled or licensed substance, proving additive and micro ingredient compliance. Agronomists have complete end-to-end traceability with historical data to refer to that they can use to track each product by a batch number from the instant it enters a supply chain through to each customer. Grain traders can also manage quality sampling and testing at large volumes to guarantee the right price is paid for each crop and to ensure onward supply of the correct grade. 

Time is Money

Increasing demand and production mean that those working in agriculture are often expected to multitask and get more done in less time. Our solutions assist you in overcoming this challenge by making large, time-consuming tasks faster and easier.

Your data sets are automatically updated by our systems, saving you time that would otherwise be spent filling out countless spreadsheets. As a result, users have a reduced workload and more time to devote to other critical business activities that may have received less attention previously.

Harnessing Power of Data

Our products allow you to harness your business data to provide insight that can truly transform business processes and manage risk more successfully. Gold’s impressive capabilities give users support for improved visibility of positions for trading, forecasting and performance management. With a centralised, real-time view of data, you are empowered with quick and easy access to the information you need when making important decisions.

With additional add-on ‘modules’, your business can also capture and integrate the likes of customer data and much more to create a wealth of information all accessible through your central business solution.

Collaboration is Key

Gold’s centralised data store provides all users with a unified view of all your business data. This allows your workforce to work from the same page, share a common understanding of the business, and manage risk more effectively.

Gold users can welcome improved communication across their organisations by utilising ‘Gold Diary’, which ensures that any event, internal notification, task, or call is recorded centrally and is accessible by any individual within the organisation. Integration with email also allows for the rapid and efficient distribution of documents while also lowering costs.

Effective risk management relies on accurate and up-to-date information that only a system like Gold can provide. Our software solution was developed for, and in collaboration with, industry members to ensure they had full control of their business and data. More than 30 years later, we’re still doing the same. To learn more about how we can help you, don’t hesitate to contact us and we can discuss your inquiry in more detail.