OneCore Global has blended simplified processes and technology to offer solutions for digitalization and straight-through processing (STP) of back-office practices and in-cloud commodity management. The company is leading the digital commodities revolution with patent-pending technology that enables customization of XML formats in energy and commodities markets and offers a unique messaging system allowing to connect commodity traders, sellers and buyers accepting electronic formats. 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. A fresh new step that Agiboo supports wholeheartedly. Commodity trading is a volatile business that requires several types of data to be exchanged and confirmed, especially for OTC and physical markets. 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. We know, because Agiblocks has been battling inefficiency and time-consuming labor during and outside office hours for over a decade now.OneCore has joined the fight by introducing a solution that supports our endeavors from the perspective of invoices and confirmations. We spoke to founder and CEO Vikas Wadhera in his… continue reading
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Source: CTRM Center