Centersource Technologies

A shared workspace for commodity trade and logistics

A shared workspace for commodity trade and logistics is what Centersource Technologies has built. Importers, exporters, agents and freight forwarders work in it on deals, documents and shipments together. The company presents it as an end to end supply chain automation tool, built by industry professionals with significant global experience and with IT security specialists, to protect the information held on it.

Bookings, tenders and freight offers

Bookings and tenders are handled from a single hub, with freight offers attached to the deals they relate to. The company says this saves time spent updating or chasing forwarders for prices and availability. Its own section headings name the three core jobs as trade, logistics analysis and document flow automation.

Documents drafted automatically

Contracts and shipping documents are drafted and generated automatically. The company says this reduces the time spent on each deal and the costly discrepancies that can arise between documents for the same shipment.

Tracking and compliance checks

Shipments can be tracked in one interface, and updates are shared automatically with colleagues and counterparties. Automated compliance checks, including exception management, make sure that every party knows its obligations before a deadline, which the company says reduces avoidable delays and costly deviations.

Analysis, language and integration

Live analysis of business and supply chain results can be broken down by market, customer or shipment, with managers notified of deviations as they happen. Clients, suppliers, agents and forwarders can use the platform in their own language to reduce barriers and improve efficiency. An API links the platform to outside services and to a client's internal systems. Because the platform works in several languages, a supplier and a forwarder can each read the same deal file in their own language.

Goods traded

Examples of traded goods in the company's material run from forest products such as timber and pulp to poultry and meat.