Commodity Trade

Act fast with confidence. Real-time insight into parties and control of financial and logistics flows.

What we offer

Boost your Food Trade with FoodQloud

NetSuite FoodQloud is the ideal advancement for food merchants & commodity trade seeking to enhance their automation strategy. It provides comprehensive ERP software functionalities, covering accounting, purchasing, sales, logistics, inventory, quality, marketing, and light production tasks such as repackaging and sorting. Additionally, you can select trade-specific ERP functionalities tailored to your specific processes. This results in a perfectly customized, scalable solution based on cutting-edge cloud technologies, enabling your organization to achieve greater growth.

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NetSuite Platform

NetSuite is a comprehensive cloud-based business software system designed to support companies of all sizes, from start-ups to large multinationals. It consolidates all essential functionalities into one seamless solution, including ERP, Supply Chain Management, e-Commerce, Business Intelligence, CRM, and HRM. With NetSuite, upgrades are effortlessly managed in the cloud, eliminating the need for complex and time-consuming projects.

NETSUITE INTERCOMPANY ERP

NetSuite ERP is designed to scale seamlessly with businesses as they expand, streamlining critical operations. This empowers them to maintain focus on their core strengths and respond swiftly and confidently to new market opportunities. From advanced financial management to inventory control, supply chain management, billing, and more, NetSuite ERP equips companies with the tools necessary to accelerate growth and foster innovation.

NETSUITE CRM

NetSuite CRM provides a real-time, 360-degree view of your customer base and ensures seamless information flow throughout the entire client lifecycle. From initial contact as a suspect to becoming a prospect, converting to a lead, handling orders, and managing customer service, everything is unified in one application. In addition to traditional CRM features like Sales Force Automation (SFA), customer service management, and marketing automation, NetSuite CRM allows centralized management of quotes, order processing, commissions, sales forecasts, and integrated e-commerce activities.

NETSUITE SUITE-ANALYTICS

NetSuite Business Intelligence provides a comprehensive set of 300 standard Key Performance Indicators (KPIs), real-time dashboards, reports, and analysis tools for every integrated process within the software suite. This empowers users to uncover new opportunities, identify trends, and pinpoint the root causes of issues. By leveraging these insights, businesses can optimize processes and enhance the efficiency of individual roles effectively.

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Trade specific functionalities

Purchasing and Consignment

  • Checking for mandatory supplier details
  • When creating a purchase order, a lot card is automatically created
  • Multiple settlement methods, such as commission, fixed purchase, and minimum guarantee
  • Transit registration and VAT handling
  • When creating a purchase order, configurable lot numbers/batches are automatically created
  • Counter registration
  • GGN registration
  • Weigh items
  • Pallet registration
  • Container registration
  • Airway bill registration
  • License plate registration
  • Verification of required documents and certificates
  • Registration of batch costs (landed costs) on both suppliers and service providers.
  • Within the application, you can distribute costs in various ways.
  • Triggering batch costs after the purchasing process, such as import duties and/or storage costs
  • It is possible to allocate batch costs afterwards
  • E-mail and PDF communication to both offloaders and service providers
  • Prepayments
  • Integrated returns processing
  • Link with multiple OCR applications for NetSuite, as well as third-party
  • Sign-off/sales report to supplier
  • Settlement/account sale to supplier
  • You can also calculate a preliminary account value in advance to determine the gross margin based on expected cost price

Finance

  • Each batch card is assigned a unique dimension within the general ledger, enabling accurate reporting per batch
  • Having precise insight into purchase costs, production costs, and selling costs ensures a clear understanding of gross margins from sales, purchasing, and product perspectives

Production orders and lot map

  • Production orders and stock screen
  • Output and consumption registration
  • Production costs

Sales Stock

  • Generate price lists based on current stock
  • Support commission sales (open price sales)
  • Transit registration and VAT handling
  • With the sales stock screen, you have a central and up-to-date overview of all stocks, including displays of, e.g., quality reporting
  • The sales stock screen is accessible from multiple angles, such as sales, production, transfer, and purchase. Wherever stock plays a role in the process, you have insight
  • Sales of both rolling stock and existing stock
  • Counter registration
  • GGN registration
  • Weigh items
  • Pallet registration
  • License plate registration
  • Register sales costs on your sales orders, both based on fixed values and dynamically (e.g., transport costs)
  • Start a work order from sales (production/packaging)
  • Signal function in case of mismatch between supply and demand, e.g., late arrival of ship
  • Palletswitch function to visually adjust supply and demand and automatically shift tracing
  • E-mail and PDF communication to both customers and service providers
  • Integrated complaint handling
  • Integrated returns handling

Stock and logistics

  • Fixed article properties
  • Variable lot/batch properties
  • Support for own and external warehouses within the application
  • Integration with WMS (Warehouse Management System) functions
  • Direct stock corrections from batches
  • Direct stock transfers from batches
  • Transfer orders and stock screen
  • Carriers and transport rates
  • Production, repackaging, and packing

Quality

  • Stock status as a qualitative assessment of a lot/batch
  • Possible interfacing to external quality parties, for automatic input of quality reports

Don’t take our word for it

NetSuite Trade References

Fresh Produce Group

Fresh Produce Group’s day-to-day operations have become a lot more efficient since implementing NetSuite. Operational costs have fallen, logistics processes have been streamlined and there is now more insight thanks to built-in reporting capabilities. Read more.

Truefruit

Since rolling out NetSuite ERP, Sundia has become one of the fastest-growing AGF companies in the US. NetSuite cloud supports cost-efficiency and scalability, by enabling Sundia to outsource many processes within a global business model.

Alto Vida

Alto Vida manages to ship its products with short THT faster and minimize paperwork with NetSuite ERP. From logistics to finance, Alto Vida has made its processes more efficient across the board and gained more insight in their commodity trade.

B2B and B2C webshops

Integrate E-commerce platforms

E-commerce is becoming essential for many companies in commodity trade. NetSuite’s omni-channel module – SuiteCommerce – allows businesses to unify diverse sales channels into integrated buyer journeys. Whether it’s B2B, B2C, or a combination of both, SuiteCommerce connects online and offline channels seamlessly. It integrates E-commerce platforms with physical retail points of sale, synchronizing order management, inventory management, marketing, accounting, and customer service functionalities. This unified approach enhances efficiency and customer experience across all sales channels.

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Simply tailor your NetSuite solution

NetSuite Apps

NetSuite is a versatile application that can be customized to meet the specific needs of any industry, company, or end-user through various apps. FoodQloud develops its own specific apps for NetSuite, tailored for the food industry.

FoodQloud Essentials

This module offers essential functionalities for most food and beverage companies:

  • Advanced Inventory Status
  • (Returnable) Packaging
  • Certificate Management and External Documents
  • Sales Costs
  • Order Listing
Read more
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FoodQloud Fresh Produce

Our advanced app is designed for organizations using NetSuite to manage inventory. It integrates powerful modules to optimize inventory control and visibility, including:

  • Consignment accounting dimension
  • Extended landed costs calculation
  • Inventory overview at lot level
  • Supply chain problem signaling function
  • Integration with all transactions and case management
  • Weight pricing and multiple UOM pricing
  • Account sale methods
Read more

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