One of the world’s largest chocolate manufacturers with sales in over 60 countries needed a new commodity trading and risk management (CTRM) solution. The company’s physical commodity spend is over USD $1.5 billion every year with a derivative portfolio of more than USD $400 million. The chocolate manufacturer procures a wide range of commodities, including cocoa, sugar, dairy, energy, edible oils, nuts, and corn. They need to record activity in the United States and Switzerland. The company was using Excel for tracking open trading positions, a process that was time consuming and inhibited commodity procurement execution. They needed to improve efficiency and increase the quality and timeliness of information for strategy recommendations and decisions. Before contacting iRely, the compan

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