Agspring Selects Openlink for Commodity Management

OpenLink’s dbcSMARTsoft will help agribusiness giant manage global commodities operations

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Working with Agspring is a testament to OpenLink’s ability to support dynamic markets where functionality and return on investment are paramount.

New York, NY (PRWEB) April 17, 2014

OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, today announced that agribusiness company Agspring, a leading supply chain manager of agricultural products, grains and oilseeds, has selected OpenLink’s dbcSMARTsoft commodities management solution to manage their global grain operations.

Agspring maintains decentralized operations, relying on subsidiaries and local operating companies to know their growers and geographies in order to remain competitive in the broader grain marketplace. By deploying OpenLink to manage the total trade lifecycle from front-to-back, Agspring can provide their local operating companies with one centralized system to view and understand the firm’s positions and risk, as well as profit and loss across commodities.

OpenLink will help Agspring achieve a wide range of their business goals, including enhanced visibility into value chain processes, from raw materials procurement to finished goods. The solution integrates seamlessly with the existing Agspring enterprise resource planning (ERP) system and supports local languages and new geographies, key business requirements.

Additional benefits include:

  • Real-time contract management, inventory management and costing, order processing, supplier settlements, invoicing and risk management.
  • Position valuation, as well as mark to market and real-time bidirectional exports.
  • Front-to-back office operations support, including accumulation and logistics.

Brad Clark, Agspring’s President, said, “Aligning with a trusted, strategic technology partner with a track record of success is essential as we expand. OpenLink was our preferred choice because they have a proven history of globally integrating commodity value chains. In addition, they have been able to demonstrate swift implementation times to get our business up and running quickly.”

"We are pleased to be the platform that will support Agspring’s growth goals,” said Dr. Mark Greene, CEO, OpenLink. “Working with Agspring is a testament to OpenLink’s ability to support dynamic markets where functionality and return on investment are paramount.”

About Agspring

Agspring combines entrepreneurial teams, essential agriculture supply chains, and superior capital partners to feed our changing world. Deep equity and credit relationships provide Agspring a solid platform for capital improvement and expansion. Agspring maintains decentralized operations and puts leadership teams in place who desire to grow into new markets including grains and oilseeds; livestock feed ingredients; and consumer food ingredients.

About OpenLink

Founded in 1992, OpenLink (http://www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.

Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.

OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.


Contact

  • Janet Alicea
    OpenLink
    +1 516 661 7889
    Email