Streamline Your Agribusiness with Levridge Commodity Accounting

Agricultural businesses face unique challenges in managing their operations, especially when it comes to handling commodity accounting. From managing contracts and deliveries to tracking inventory and mitigating financial risks, the complexities of the agricultural sector demand specialized tools. Enter Levridge Commodity Accounting—a solution built to streamline these processes and empower agribusinesses to make better decisions, minimize risks, and enhance overall efficiency.

Download a PDF of the Levridge Commodity Accounting Product Sheet.

Unified System for Contracts and Settlements

One of the key advantages of Levridge Commodity Accounting is that it serves as a unified system for managing contracts and settlements. The platform enables businesses to manage bid sheets, grower offers, purchase contracts, and commodity deliveries in one integrated system. This eliminates the need for multiple systems or manual tracking, which can often lead to errors and inefficiencies.

When it comes to contracts, Levridge provides the ability to settle contracts and issue payments in a streamlined manner, considering important factors like advances, liens, fees, discounts, premiums, and splits.

Tailored for Agri-Business Needs

Levridge Commodity Accounting extends the standard functionality of Microsoft Dynamics 365 to cater specifically to agricultural accounting. It includes essential features like commodity contracts, scale tickets, settlements, splits, deferred payments, offers, and risk management.

The platform’s ability to manage splits and deferred payments is a game-changer for agribusinesses that deal with multiple stakeholders and complex payment arrangements. Levridge ensures that payments are accurately tracked, recorded, and distributed according to the agreed-upon terms, minimizing the risk of disputes and errors.

Simplified Inventory Management

Agribusinesses need to track the costs and quantities of their commodity inventory, whether it’s raw materials, finished products, or byproducts. Levridge Commodity Accounting allows users to track their inventory across various stages, from initial acquisition to processing and final delivery. This level of visibility ensures that businesses can make informed decisions about their inventory levels, reducing the risk of shortages or overstocking.

Additionally, the system can handle inventory adjustments due to factors like shrinkage or spoilage, ensuring that financial records remain accurate.

Comprehensive Risk Management Tools

Agricultural businesses operate in a volatile market, where prices can fluctuate dramatically due to factors like weather, global demand, and geopolitical events. Levridge Commodity Accounting provides real-time reporting on positions and inventory, giving businesses a clear picture of their financial standing at any given moment. This includes daily position reports (DPR) and long/short position reports, which are essential for managing risk and maintaining inventory levels.

In addition to these reports, Levridge supports advanced risk management strategies like hedging and options trading. By offering tools for futures and options management, as well as mark-to-market accounting, Levridge helps businesses protect themselves against price fluctuations.

Real-Time Reporting and Data-Driven Decisions

In today’s fast-paced agricultural market, having access to timely and accurate data is critical for making informed decisions. Levridge delivers this through its integration with Microsoft Dynamics 365, ensuring that all data is updated in real-time and accessible from anywhere.

Businesses can generate detailed reports on various aspects of their operations, including contracts, settlements, inventory, and financial positions. The platform’s cloud-based nature ensures that data is always accessible, whether users are in the office, in the field, or at a remote location.

Integration with Existing Systems

Levridge Commodity Accounting is designed to integrate seamlessly with existing business systems, reducing the need for time-consuming and expensive migrations. Built on the secure Microsoft Dynamics 365 platform, Levridge can be easily integrated into a business’s existing workflows.

The platform also offers integration with other key systems, such as transportation management and asset maintenance. This ensures that all aspects of the business are connected, from the delivery of commodities to the maintenance of equipment. By providing a holistic view of the business, Levridge helps ensure that nothing falls through the cracks.

Cloud-Based Flexibility and Security

As a cloud-based solution, Levridge Commodity Accounting offers several advantages over traditional on-premise systems. It eliminates the need for businesses to invest in expensive hardware or maintain their own servers. This also means that businesses can access their data from anywhere, at any time.

From a security standpoint, Microsoft’s cloud infrastructure is among the most secure in the world. This ensures that businesses using Levridge can trust that their data is safe and protected against cyber threats. In addition, the platform offers advanced security features like multi-factor authentication and role-based access control, ensuring that only authorized users have access to sensitive information.

Levridge Commodity Accounting is a powerful tool for agricultural businesses looking to streamline their operations and improve their financial performance. By providing a unified system for managing contracts, settlements, inventory, and risk, Levridge helps businesses reduce manual effort, minimize risk, and make better decisions.