Case Study: a major chocolate manufacturer transforms commodity procurement with iRely CTRM

a major chocolate manufacturer improves procurement execution with iRely by replacing manual Excel tracking

The customer, one of the world's largest chocolate manufacturers, faced challenges with its manual process of tracking open trading positions in Excel. This time-consuming method hindered commodity procurement execution and created risks. They sought a new commodity trading and risk management (CTRM) solution from vendor iRely to improve efficiency and the quality of strategic information.

By implementing iRely's commodity software, the manufacturer replaced its Excel tracking for open positions, cash balances, and market prices. The iRely solution, fully integrated with SAP, mitigated audit risks, increased operational efficiency in both derivatives and physical buying, and enabled more timely procurement execution.