Agiblocks CTRM connects with OneCore Global: Digital, Seamless, Faster.
Summary
Introducing a matching platform for confirmations and invoices that enables counterparties to customize XML-based data formats to be exchanged based on commodity, region, and even internal system. Yet, unlike the financial and tech sectors, the commodities back office is still slave to lengthy manual processes largely due to the myriad of complex data exchanged between counterparts. Reconciliation is a breeze with OneInvoice.” “The most innovative step in commodities market processes related to confirmation and invoice data management with counterparts has been to move from sending faxes to pdf documents via email. It’s the way forward.” Both products, and the later to follow OneX and OneData, link everything and everyone from investment banks and brokers to merchant traders, processors (midstream) and producers (upstream) to streamline all their front and back office interactions. They accept any number of XML data formats between counterparts, manage confirmations related to initial trade, amendments, price fixing and optionality declaration, match bilateral (counterpart) and single-sided (broker/retail) confirms, alert users of incoming data, updates, and status changes in real time, communicate with counter-parts using real-time chat feature and provide a KPI dashboard including Aging Report sneak-peeks.
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