Provisional Pricing
Manage provisional invoices with automated price fixation workflows
CTRM Next Solutions
Commodity Settlement & Invoicing
Automate complex commodity settlement from provisional pricing to final invoice
Commodity settlement is notoriously complex — provisional pricing, price fixations, quality adjustments, demurrage claims, and multi-currency calculations. CTRM Next automates the entire settlement workflow from initial accrual through final invoicing, with full audit trail and GL integration.
The Challenges
Manual settlement processes cause delays and errors
Provisional pricing and fixation tracking in spreadsheets
Multi-currency settlement with FX exposure management
Complex demurrage and claim calculations
Poor integration between trading system and accounting/ERP
How CTRM Next Solves This
Demurrage Management
Calculate and track demurrage, despatch, and related claims
Multi-Currency
Settlement in multiple currencies with automatic FX conversion
Invoice Generation
Automated invoice creation based on contract terms and actuals
GL Integration
Automated journal entries and reconciliation with your ERP/accounting system
Netting & Offsets
Net settlements across multiple contracts with the same counterparty
Key Benefits
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Reduce settlement cycle time by up to 60%
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Eliminate spreadsheet-based settlement tracking
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Full audit trail for every settlement calculation
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Seamless ERP/accounting integration
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Real-time accrual and exposure visibility
Related Solutions
Physical Commodity Trading Software
End-to-end physical trading: contracts, operations, logistics, and settlement
Commodity Trade Capture Software
Fast, accurate trade entry for physical cargoes, derivatives, and structured deals
Operations & Chartering Software
Integrated logistics, vessel management, and operational workflows for commodity trading
Streamline your commodity settlement
See how automated settlement saves time and reduces errors.