Thirty Years and Still Standing
Occasionally, CommodityPoint discovers new CTRM vendors that we had been unaware of. Just recently, we discovered CMStrade in Switzerland. In fact, CMS trade have been in the industry around 30-years and have had over 150 customers for its software in that time. Today, it has around 25 customers and less than 10 staff operating out of Lausanne. I spoke with Mr. K. Mizan-Bertola about the company and its products this week and even took a demonstration of the software.
CMStrade rewrote its applications in native C++ a few years ago utilizing object orientation throughout the application. The result is that it looks like no other CTRM software I have ever seen but the functionality is impressive. The technology utilized means that the application is truly real-time throughout and performance is quick too. Unlike many CTRM solutions, it really is cross commodity and just about every commodity I could think of plus one or two more I couldn’t were included. Although it looks remarkably different users have complete control over what they see on a screen by building ‘maps’ or essentially custom screens which combine multiple windows or forms. You actually have to see it to grasp how powerful and unique a concept this is.
In terms of functional coverage it is also exhaustive including;
Contract administration,
Costing,
Price fixation,
Position,
Revaluation,
Contract & shipment matching, Execution, Tolerance handling
Documents
Client and Supplier invoice
Washouts, etc.
Debit/credit note
Commission & tax
Stock: physical and accounting
Processing
Transformation
Despatch-demurrage
Futures position, offset, revaluation
Options position, exercise, exit,
revaluation
Forex position, revaluation
Broker accounting
Trade finance
Cash management
Cost accounting estimates, adjustments,
actuals and accruals
Accounts receivable and payables
Open-post handling
General accounting
Consolidation
Client, supplier, etc. with contacts,
communications, word-processing
Follow-up
Multi company, commodity, currency,
language, national characters.
I suspect that CMStrade wouldn’t be to everybody’s liking but I was quite amazed to find a small vendor offering such powerful and unique software – especially since the software has been around for more than 30-years…..
Do check them out…
