What is Chemical Trading and Supply Chain Software
Chemical trading and supply chain software is category of software that allows supplier and counterparties to trade and share logistics information through an integrated system. For the chemical industry, the products are usually feedstock or purity products such as Benzene, Propylene, and various sort of polymers.
EnHelix Chemical Trading and Supply Chain Software
The EnHelix software is a great Chemical and Petroleum Supply Chain Software. It offers an ideal structure for chemical manufacturing; the feedstock procurement meant for chemical manufacturing; trading and transporting. With EnHelix, you get a better assessment of your chemical supply chain. This way, you are able to make better decisions that are essential for feedstock management and ultimately, increased profitability and the optimization of your business.
- One of the failings of the traditional contractual transaction methods of feedstock procurement is that it takes a lot of time. The EnHelix software is one the best Chemical and Petroleum Supply Chain Software as it supports feedstock procurement contracts, and facilitates chemical trading. Intermediaries are reduced if not eliminated, and more resources are saved with smart contracts where all agreements are automatically signed, validated, and enforced. The automated system and smart contracts which the EnHelix software offers, makes these energy trades quicker and more organized for businesses
- EnHelix software is also ideal for risk management. In what way you might ask? By standardizing and automating your chemical supply chain and other systems of physical trades reduces frauds, operational risks and advances payment. The software streamlines chemical trading with applications which support every step of the process from the pre-trade KYC, through trade execution to the post-trade risk management.
- The EnHelix software also enhances the chemical supply chain by enabling the distribution of chemical products. This software is used by midstream, cargo and logistics companies for the scheduling of feedstock supply.
- The EnHelix software also aids the chemical trading, feedstock supply and logistics system via blockchain. Blockchain digitalizes transactions to improve transparency and enhance security and compliance on products deliveries. Streamlining your trading processes with blockchain leads to improved speed and security, which is great for everyone on the chemical supply chain.