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  • We Took a Risk with AI, and it's Paying Off!

    Phlo Systems Leverages ChatGPT for Customs Declarations In today's rapidly evolving business landscape, risk-taking and the adoption of new technology have become essential ingredients for success. Embracing innovation and stepping into uncharted territory can yield tremendous rewards, driving businesses to new heights and revolutionising industries. One organisation that’s pushing the boundaries is Phlo Systems, a leading trade tech and supply chain solutions provider, which began to integrate generative AI into their operations and customs declarations four years ago. Through the implementation of ChatGPT, Phlo Systems has, since 2022, achieved unprecedented levels of reliability and accuracy, streamlining document processing and transforming the way they handle customs declarations. Phlo Systems' CEO, Saurabh Goyal, shed light on their transformative journey into the world of AI. He stated, "We began using AI three or four years ago, initially utilising an AI technology for scanning various documents, such as bills of lading, invoices, packing lists, and origin certificates. While it automated certain tasks, it was not 100% reliable, making mistakes in reading and importing data whenever document formats changed. As a result, we were cautious about traditional AI for our applications." However, a breakthrough came when Phlo Systems adopted ChatGPT from OpenAI, enabling them to feed all their documents through back-end APIs. This shift to generative AI marked a paradigm shift in their customs declaration process. Goyal further emphasised, "ChatGPT has made things 100 times better for us. It has consistently provided 100% reliability and accuracy in reading and importing data from the documents into our application. It's truly remarkable how generative AI has revolutionised our operations." GPT-3, developed by OpenAI, represents a groundbreaking advancement in natural language processing. With Chat GPT, Phlo Systems witnessed a seamless integration process, eliminating the complexities and challenges they previously faced with traditional AI technologies. "It's an example of how generative AI has completely changed the landscape. With traditional AI, integrating it into your systems required significant investment and effort. Chat GPT, on the other hand, simplifies the process. We apply basic software engineering to integrate Chat GPT, allowing it to read, interpret, and structure the data, leaving us free to focus on the engineering part," Goyal added. Drawing parallels to past technologies, Goyal clarified, "Some might say that our enthusiasm for AI is akin to what we initially experienced with Blockchain, but it isn't. With Chat GPT, we are already reaping the benefits. It has exceeded our expectations, boosting efficiency, accuracy, and ultimately, customer satisfaction." Phlo Systems' success story exemplifies how cutting-edge AI technologies, like Chat GPT, empower businesses to innovate, streamline processes, and drive tangible results. As pioneers in their industry, Phlo Systems stands as a testament to the transformative power of generative AI.

  • Phlo Systems’ Dutch expansion enables

    Phlo Systems, a digital international supply chain solutions provider, is thrilled to announce its strategic expansion into the Netherlands, marking a significant milestone in the company's journey toward enhancing global connectivity and sustainable trade. Phlo Systems, a digital international supply chain solutions provider, is thrilled to announce its strategic expansion into the Netherlands, marking a significant milestone in the company's journey toward enhancing global connectivity and sustainable trade. In line with this expansion, Phlo Systems is introducing tradePhlo-DMS; an advanced customs declaration solution that will seamlessly connect with the Netherlands customs authorities. This strategic addition reinforces Phlo Systems' steadfast dedication to enabling efficient and fully compliant end-to-end trade solutions for businesses engaged in global operations. The Netherlands, renowned for being Europe's largest trade port, serves as a vital gateway for international commerce, and Phlo Systems aims to play a pivotal role in this sector. With the Netherlands being a gateway to Europe-wide connectivity, Phlo Systems is set to bolster the logistics and supply chain landscape in the region. The strategic move aligns perfectly with the company's vision to streamline cross-border trade and enhance connectivity across the European continent. Saurabh Goyal, CEO of Phlo Systems says: “Expanding into the Netherlands signifies our unwavering commitment to delivering cutting-edge logistics solutions to businesses worldwide. The Dutch marketplace presents a plethora of opportunities for innovation and collaboration, and we are eager to contribute to further growth and development.” While Phlo Systems' presence in the Netherlands is a major leap forward, the company acknowledges that building a robust customer base requires dedication, excellence, and unwavering commitment to customer satisfaction. As such, it is eagerly anticipating the opportunity to serve businesses and deliver unparalleled logistics solutions tailored to their needs. Mr Goyal continues: “An astounding 45% of Europe's trade passes through the Netherlands and so we recognise the immense significance of this strategic location. By leveraging our expertise and customs solutions using AI, we aim to further streamline operations, reduce costs, and enhance efficiency for businesses utilising this major port. "We are of course thrilled to take this important step into the Dutch market and contribute to the flourishing trade landscape in the Netherlands. Our team is committed to delivering seamless logistics solutions via the use of AI and fostering lasting partnerships with businesses in the region."

  • NLP and Language Models in Commodity Trading: Insights, Risk Management, and Efficiency

    At Phlo Systems, our expertise in NLP and language models dates back to our inception. We have been actively involved in the prestigious openAI community as early contributors, a position we held until its acquisition by Microsoft. Leveraging our extensive experience, we seamlessly integrate ChatGPT into all our applications. Additionally, we continuously train our models using our proprietary internal database, enabling them to not only provide accurate responses to user queries but also generate valuable and actionable predictions. At Phlo Systems, we take pride in not only advancing our own AI systems but also supporting others in developing their own. Our expertise lies in leveraging large open language models (LLMs) and fine-tuning them with proprietary internal knowledge bases. We offer our assistance to enable various use cases, such as: Connect Your Database to a Natural Language Interface: We can help you seamlessly integrate your database with a user-friendly natural language interface. This empowers users to ask questions in English and receive accurate and meaningful responses, enhancing the accessibility and usability of your system. Multilingual Question-Answering Capabilities: Our expertise extends beyond English, enabling users to ask questions in any language and receive responses in the same language. We provide the necessary tools and support to develop AI systems that can handle multilingual interactions, catering to a diverse user base. Intelligent Customer Support: Enhance your customer support capabilities by implementing an AI-powered chatbot or virtual assistant. These systems can understand customer queries, provide instant responses, and even assist with issue resolution. By leveraging NLP and language models, you can deliver personalized and efficient support to your customers, freeing up valuable resources and improving customer satisfaction. Knowledge Management and Document Retrieval: Implement a robust knowledge management system that utilizes NLP to extract relevant information from your internal documents, manuals, and knowledge bases. This enables quick and accurate retrieval of information for employees, facilitating knowledge sharing and improving productivity across the organization. Sentiment Analysis and Social Media Monitoring: Utilize NLP techniques to analyze customer sentiment and monitor social media platforms. By processing and understanding the language used by customers, you can gain insights into customer opinions, identify potential issues or trends, and proactively address customer concerns. Automated Report Generation: Streamline the process of report generation by leveraging AI models. By integrating NLP capabilities, you can automate the extraction, analysis, and summarization of data from various sources, saving time and effort for your team. Compliance and Risk Assessment: Develop AI systems that assist in compliance and risk assessment tasks. By utilizing NLP, these systems can analyze and interpret regulatory documents, contracts, and legal information to identify potential risks, ensure compliance with industry standards, and streamline auditing processes. These are just a few examples of how NLP and language models can be leveraged to improve various aspects of enterprise businesses. The possibilities are vast, and our team at Phlo Systems is here to help you explore and implement solutions tailored to your specific needs. Market Analysis and Forecasting: Commodity traders heavily rely on accurate market analysis and forecasting to make informed decisions. NLP and language models can be leveraged to process vast amounts of data from news articles, social media, and market reports. By extracting relevant information and analyzing sentiment, traders can gain valuable insights into market trends, price fluctuations, and supply-demand dynamics. This empowers them to make data-driven decisions and anticipate market movements more effectively. Risk Management and Compliance: Commodity trading involves inherent risks, including price volatility, geopolitical events, and regulatory changes. NLP can assist in risk management by analyzing textual data such as legal contracts, regulations, and news articles. Language models can help traders identify potential risks, assess compliance requirements, and ensure adherence to regulatory frameworks. This enables proactive risk mitigation, compliance monitoring, and strategic decision-making. Trade Execution and Settlement: Efficient trade execution and settlement processes are critical in commodity trading. NLP-powered systems can automate and streamline these processes by extracting and processing information from trade documents, contracts, and invoices. By accurately understanding and interpreting the language in these documents, trade settlements can be expedited, reducing manual errors and enhancing operational efficiency. News and Event Impact Analysis: News events, such as natural disasters, political developments, or economic indicators, can have a significant impact on commodity prices. NLP techniques can help traders analyze news articles and assess their potential influence on the market. By understanding sentiment, identifying key events, and correlating them with price movements, traders can make informed decisions and capitalize on market opportunities. Supply Chain Optimization: Efficient supply chain management is vital in commodity trading to ensure timely delivery and minimize costs. NLP and language models can be applied to analyze and extract insights from unstructured data, such as shipping documents, logistics reports, and weather forecasts. By processing this information, traders can optimize supply chain operations, anticipate potential disruptions, and make more accurate predictions about delivery timelines and inventory management. Conclusion: The integration of NLP and language models in commodity trading offers significant advantages in market analysis, risk management, trade execution, and supply chain optimization. By leveraging these technologies, traders can gain deeper insights into market trends, enhance risk mitigation strategies, streamline trade processes, and optimize supply chain operations. Embracing NLP-driven solutions can empower commodity traders to stay ahead in a highly dynamic and competitive market landscape.

  • Phlo Systems' tradePhlo is all set to transform the Customs Market with ChatGPT Function

    Excited to know how ChatGPT can help you submit your customs declarations smoothly? Why not try it for yourself at MultiModal 2023? Trade tech organisation Phlo Systems, a leading provider of customs declaration solutions, is excited to announce its attendance at this year's MultiModal exhibition at NEC Birmingham from 13th - 15th June, where it will showcase its groundbreaking ChatGPT function on tradePhlo. The company's CEO, Saurabh Goyal, will be present at the event, demonstrating how this revolutionary technology is transforming the customs market and providing an unprecedented level of ease, flexibility, and speed for both new and existing customers via its TradePhlo platform. The ChatGPT function, powered for customs declaration by TradePhlo, is all ready to revolutionising the way customs declarations are handled and will continue to transform an industry that is ripe for digitisation. With its live chat feature, it allows TradePhlo users to interact with an intelligent virtual assistant, providing real-time guidance and support throughout the customs process. Mr Goyal continues: “It’s a game-changer. The technology vastly streamlines operations, reduces errors, and significantly enhances efficiency for businesses involved in international trade. “For too long customs declaration has been a slow, clumsy, and time-consuming process. With ChatGPT, we aim to empower businesses by providing them with an intuitive and efficient solution that simplifies the complexities of customs procedures." During the exhibition, the TradePhlo team will be available to demonstrate and help visitors see the remarkable capabilities of its ChatGPT function. Visitors will witness firsthand and try for themselves how this technology revolutionises customs declaration, enabling businesses to navigate the process with ease and agility. Furthermore, the team will be showcasing the diverse features and benefits of ChatGPT, highlighting its ability to automate routine tasks, improve accuracy, and ensure compliance with changing regulations. Mr Goyal concludes, "We look forward to meeting new contacts at Multimodal 2023 and demonstrating the immense value that ChatGPT offers. Our vision is to transform the customs market by providing businesses with a powerful tool that simplifies operations, increases productivity, and ensures seamless trade facilitation. With ChatGPT, customs declaration is no longer a burden but a competitive advantage." Want to try this feature and witness the magic yourself? We encourage all attendees and industry professionals to visit stand 4082 at Multimodal 2023 and experience the future of customs declaration. Witness how ChatGPT can drive efficiency, reduce costs, and enable businesses to thrive in the dynamic world of international trade.

  • tradePhlo aligns with European Customs Practitioners at the ECP Conference in Lithuania

    tradePhlo, a leading global provider of customs management solutions, is proud to announce its sponsorship and active participation in the highly anticipated European Customs Practitioners' Conference, taking place this week in Lithuania. The European Customs Practitioners' Conference is an esteemed gathering of customs professionals, experts, and policymakers from across Europe, providing a unique platform for the exchange of knowledge, best practices, and insights into the ever-evolving customs landscape. The conference aims to address emerging challenges, foster collaboration, and promote innovation in customs operations. tradePhlo's sponsorship of the conference underscores the company's commitment to advancing the field of customs management and facilitating seamless international trade. With its cutting-edge technology and comprehensive suite of customs solutions, tradePhlo has become a trusted partner for businesses looking to optimise their customs processes, streamline compliance, and enhance efficiency in cross-border operations. During the conference, Bilal Hasan from tradePhlo will engage with attendees, showcasing its industry-leading customs management platform and demonstrating how its advanced features empower businesses to navigate the complexities of global trade. The company's team of experts will be available to provide valuable insights, answer questions, and discuss the latest trends and challenges facing customs practitioners in the European market. "We are thrilled to sponsor and participate in the European Customs Practitioners' Conference," said Saurabh Goyal, CEO of TradePhlo. "This conference serves as an exceptional forum for customs professionals to connect, collaborate, and share expertise. We look forward to exchanging insights with industry peers and showcasing how tradePhlo's innovative customs management solutions can enable businesses to thrive in an increasingly complex trade environment." By actively engaging in discussions and knowledge sharing at the conference, tradePhlo aims to enhance its understanding of the evolving needs and challenges faced by customs practitioners. This knowledge will fuel the company's ongoing efforts to develop and refine its technology solutions, ensuring they remain at the forefront of the industry and deliver maximum value to its global clientele.

  • Revolutionising Customs Declarations: Emmanuel Tetteh Joins TradePhlo to Spearhead Sales

    Emmanuel Tetteh has been appointed as Head of Sales for the trade-tech platform TradePhlo, a division of Phlo Systems Ltd. A former sales manager in the logistics industry, Emmanuel wanted a fresh challenge and to work with a growing company at the forefront of an emerging sector ripe for digitalisation. His role will entail working with new clients on customs declaration demos and managing the overall sales process alongside his team of experts. Emmanuel is well versed in customs and trade declarations having helped numerous companies track goods across different country borders. He comments: “The customs sector has been stuck in the slow lane for too long when it comes to the technology deployed and its ease of use. For too long it has lagged behind other industries and so to join a company that is spearheading disruption, growth, and flexibility is exciting. “Through tradePhlo, we’re merging collaborative tech with digital transformation to make the process of customs declarations simple and effortless - something we haven’t seen before. Archaic and slightly altered systems have remained in place since before Brexit and now it’s time for a brand new era.” Saurabh Goyal, CEO of Phlo Systems Ltd comments: “We have witnessed the number of exports fluctuate from year to year because of a number of issues. Namely macro political and economic factors outside of our control, as well as the current declaration systems in place which are often lengthy and complex. We want to change the latter for the better and with Emmanuel leading our sales, we know we’ll be in a stronger position to help more organisations transform their declaration processes.”

  • Unlock Financial Benefits and Boost Your Income with tradePhlo's FREE Customs Declarations Course"

    In today's rapidly evolving world, many individuals are searching for opportunities to increase their income or find flexible work arrangements that fit in with their lifestyles. This month, the online customs declaration platform TradePhlo [“tradePhlo”] has just launched a new course via Udemy that can help individuals to do just that. tradePhlo’s course in Customs Declarations is designed to provide individuals with the knowledge and skills necessary to navigate the world of customs regulations and procedures. With the successful completion of the course, students can then expect to be employed by tradePhlo to complete customs declarations for its clients. tradephlo customs management helps SMEs take import and declarations in-house, making it easier, faster, and cheaper, whilst giving them complete control and real-time visibility into customs operations. The company’s trained agents manage declarations, ensuring goods move smoothly across borders. Saurabh Goyal, CEO of tradePhlo, says: “The unique thing about our course is that we don’t just provide a theoretical understanding of the customs market, but access to our cutting edge platform so that students have practical experience of doing declarations in real-time." This course can provide a unique opportunity for individuals to supplement their income by offering their services as customs declarants to businesses and individuals internationally. The flexibility of this work can be particularly attractive to those seeking additional income streams that can fit around their existing commitments. The course is designed to be accessible to anyone with an interest in customs declarations, regardless of their prior experience or educational background. The curriculum is delivered through a series of video lectures and interactive exercises, allowing students to learn at their own pace and on their own schedule. We're excited to offer this course to anyone who wants to gain a valuable skill and potentially make some extra money and believe that the flexibility and income potential of customs declaration work will make this course an attractive option for many individuals.

  • Unwrapping the Importance of Digital Supply Chain Management

    Many confectionery businesses have turned to the diversification of their supply chain in an attempt to combat recent and future market uncertainty. But businesses potentially face more confusion without a strategy to manage this shift to a diverse number of new suppliers in the day-to-day operation of their networks instead of increased flexibility, said an industry expert. “Getting on the right track following the last few months of crises requires purging any business practices that prevent quick response to volatility – such as addressing the use of clunky legacy systems, like Excel spreadsheets, filled with outdated data." “Messy data has become a weed that many businesses have grown accustomed to, but by adopting a digital transformation strategy, they can turn those neglected weeds into a lush garden of supply chain opportunity” - Saurabh Goyal from Phlo Systems. Saurabh says that once companies take a step towards turning messy data into a supply chain opportunity, they can then move onto stage two of their digital transformation and begin fine-tuning better data into actionable business insights. This can be done by aligning data on suppliers, customers, processes, and technology all in the same place to create advanced predictive analysis. Commenting, Mr. Goyal says: “Digitising the international supply chain is very much like turning it into a digital Swiss army knife – the right tools at the right time – to cut through the uncertainty and react with synchronised agility that can quickly balance cost and variability in the face of real-time demand. Your business can even action corrections at the touch of a button." “The ability to pivot your approach with live data is an essential component to diversifying your supply chain so, if one supplier falls short, you can shift your approach quickly to remain ahead of the game.” Sophie Jewett from York Cocoa House agrees and says: “Managing differing and sometimes outdated supply chain systems are part of the growth phase challenges of start-up businesses. Particularly when technology and consumer demands require innovative approaches that are often not compatible with the status quo. Businesses can quickly find themselves using tools that are not fit for the purpose that needs to be able to evolve with them. It’s challenging to build systems when at the outset you are still exploring new markets, products, and processes, it makes manual methods a sufficient default - but in today’s world and operating online we are demanded to be a 24/7 business that can engage in multiple geographies - finding effective, timely and reliable ways to record, store and share information throughout the product life cycle is becoming more and more critical. As a confectionery business, we are focused on the celebratory moments of indulgence for our customers but we must increasingly consider agility, waste, and rapidly pivot for seasonal and changing consumer demands. It’s essential to focus on value and value-added activity and to consider resources wisely and be able to work with effective and reliable data to make smarter strategic decisions, save costs and identify emerging trends as quickly as possible. Certainly, the work Phlo Systems is undertaking with confectionery businesses is far more effective and allows for easier tracking of data from beginning to end.

  • A Digital future for Agri-Food Manufacturers

    Grains, oilseeds, cattle, dairy products, lumber, coffee, sugar, and chocolate form a part of the basic food necessities. The world's oldest tangible goods market, agricultural commodities trading, dates back thousands of years. The actual exchange of commodities through different ways including shipping lines, trucks, and air freight has become more important over time, and trading systems have grown to be digital with an emphasis on financing and documentation. The prices of commodities also fluctuate and are directly related to supply and demand patterns, geopolitical conditions, and a number of other factors that increase the inherent hazards of the trading industry. Trading prospects are expanded by using a CTRM tool to digitise their operations and help the business develop speedily. Manufacturers in the agri-food commodities industry face a range of obstacles in this digital age when it comes to risk management, customer satisfaction, and profit maximisation. Production planning is under extra pressure because of its reliance on commodities, whose quality and quantity are impacted by seasonal patterns and changing weather conditions. Flexible logistics solutions are required due to the perishability of food storage requirements. The focus of several organisational divisions, such as trading, accounts, and production, also needs better visibility on contract positions. This is where Commodity Trading Risk Management tools come to the rescue as a one-stop solution for agriculture and food manufacturers. Today's agri-commodity businesses produce enormous volumes of data, which are then stored in segregated systems increasing data management hurdles. It is difficult to obtain useful trading insights from these data sources using standard and old risk management systems that are not updated. Incomplete understanding and classification of this data results in lost income possibilities, inefficient supply chain coordination, and subpar risk management. The technology available to the industry of capitalist production has evolved in line with the changes in manufacturing requirements. Because each organization is unique, the possibilities for building open, networked, scalable, and intelligent systems will vary depending on the demands of individual businesses. However, there are tested methods for unleashing the value in the agri-manufacturing industry: Develop enterprise-level intelligent data systems to obtain insights about customers, products, and inventory using machine learning and artificial intelligence. Enterprise resource planning systems should integrate data platforms for contract administration, logistics, risk, and financing. Connect enterprise platforms to a sector-wide smart farming platform utilising APIs and microservices. Every manufacturer in the agri-commodity industry needs to plan their transition to a digital future. By establishing new benchmarks for usability, adaptability, system performance, scalability, and dependability, commodities trading and risk management software simplifies the lives of end-users. With this expertise, opsPhlo is designed to meet all of the needs of manufacturers of agricultural commodities and aid in their expansion. opsPhlo provides a cutting-edge, modular solution that supports the intricate requirements of trading agricultural commodities. We have earned a reputation for being able to handle a variety of trades and situations since our inception. We have won the trust of numerous businesses worldwide by adding considerable value to trade and risk management processes. Read more about opsPhlo here.

  • Introduction to Digital Supply Chain Management

    All facets of business, including supply chains, have been impacted by digitisation. Embedded sensors, GPS, and RFID have all assisted organisations in transforming their traditional supply chain structures (a mix of paper-based and IT-supported operations) into more agile, adaptable, open, and collaborative digital models. A digital supply chain is one that is constructed on the foundation of web-enabled capabilities. In many supply chains, paper-based and IT-enabled procedures coexist. A real digital supply chain goes well beyond this hybrid paradigm, using interconnectivity, system integration, and the data-generating capabilities of "smart" components. In supply chain management, digital transformation allows organisational flexibility, and business process automation, and accelerates innovation. It is vital that companies make digital supply chain models an intrinsic part of their overall business model and organisational structure in order to get the most out of them. Processes in a digital supply chain track real-time inventory levels, consumer interactions with commodities, carrier locations, and equipment, and use this data to assist plan and execution at higher levels of competence. In a digital supply chain, technologies like GPS tracking, radio frequency identification (RFID), barcodes, smart labels, location-based data, and wireless sensor networks play a significant role. Furthermore, cloud technologies combined with Web services can unify information and processes, allowing parties involved to see each other and collaborate more effectively. The ultimate goal of the digital supply chain is to provide insights that lead to better efficiencies, reduced waste, and increased revenues. Companies that have a digital supply chain are better equipped to move resources, assets, people, and inventory to where they are needed at any given time, lowering costs by anticipating transportation and manufacturing risks. Savings in every area, from resources, time, and money to a smaller environmental footprint, are all possible payoffs of a fully realised digital supply chain. There's no doubt that businesses are willing to move away from the traditional supply chain management model in order to boost agility, efficiency, and visibility. Building a digital supply chain necessitates a complete strategy that incorporates the organisational structure, operations, systems, physical assets, and procurement and payment processes as a core aspect of the company's strategy. In supply chain management, digitisation allows your planning, sourcing, and logistics teams to collaborate, automate, and use analytics more efficiently. It is said to promote growth, reduce risk, and reduce costs. You will be able to make faster and more informed decisions for each function once your supply chain has been integrated with digital technologies. Furthermore, by aggregating transactions and relevant information at the macro level, you may reliably and effectively monitor performance and make necessary decisions. Organisations are rethinking how they do business in light of the rapidly changing technical landscape and rising customer expectations. Integrating digital technologies into the supply chain can increase efficiency, flexibility, and resilience. One of the most effective and safest methods to develop a resilient organisation today is through digital transformation in the supply chain. If you have been wondering how a Digital Supply Chain Management system can help you scale up the supply chain, check our customer success case studies to see how companies have benefited from it and how your organisation can do it too. The road of digitalisation is expected to pave the way for tech-driven risk management with the help of opsPhlo & finPhlo in commodity and international trading as well. If you are waiting to find the right tool to help you digitalise your supply chain, reach out to us at opsPhlo to know how you can do it.

  • Digitalising the Commodity trading Industry

    While global digitization has now reached almost every industry, the commodities market has been slow to adopt it. However, we are starting to see Blockchain and digitalisation being used in commodities trading. Commodity trading is being reshaped by digitalisation, which is changing how businesses use their resources. Digitalisation not only speeds up the pace of business, but it also makes commodity trading firms more resilient to large market risks. Industry players now have access to an abundance of data, as well as the digital tools and analytics platforms needed to evaluate and use that data, as digital transformation disrupts and continues to redefine the commodity trading business. As a result, digitisation is already opening up huge prospects for commodity traders, with cutting-edge technologies enabling enhanced operational efficiency. Commodity trading businesses throughout the world are rapidly adopting technology to manage and control various business risks, and the growth of digitalisation in commodity trading is projected to be the beginning of a new era. This is where CTRM software come to the rescue. CTRM is a phrase that refers to specialised trade and risk management software for companies involved in commodity trading. Some of the most significant roadblocks in the commodity trading sector, posing a variety of economic obstacles are political uncertainty, fluctuating markets, changing rules, and trade conflicts. Commodity traders have always been burdened by market risks, financial risks, regulatory/compliance risks, and counterparty risks. The road of digitalisation, on the other hand, is expected to pave the way for tech-driven risk management with the help of opsPhlo & finPhlo in commodity and international trading. Commodity trading businesses are focusing not only on building complete digital divisions of business but also on using CTRM softwares to manage commodity trading risk. Growing public awareness of the advantages of CTRM in risk management is further adding to the momentum in the commodity trading industry. Commodity trading involves a number of business functions, including financial management, asset optimization, risk management, and trading, all of which can be automated using digital tools to make processes easier. Businesses must use digital tools that make the work easy at practically every stage of their value chains to fully realise the potential of digitalisation in commodity trading. Most operations can be automated with the help of CTRM platform like opsPhlo for commodities trading risk management, from back-office duties to complicated processes like financial risk management and regulatory compliance. These platforms incorporate modern data analytics and intelligence algorithms that can intelligently track present operations while also assisting in the mitigation of key hazards in upcoming jobs. High-frequency trading risk management solutions are available for the entire value chain with commodity trading risk and business management platforms like opsPhlo. Using a single digital commodity trading risk management platform, commodity trading organisations can ensure the monitoring of their funds, documents, and items across the whole value chain. When we look into the market, there are hardly any softwares or tools which cater to both business management and risk management aspects of commodity trading at one place. opsPhlo aims to solve such a problem by bringing both ERP and CTRM together for commodity traders to eliminate the hassle of integrating multiple separate tools together. Digitalisation in commodities trading can help organisations achieve a competitive advantage by applying centralised risk management algorithms, which saves money and enhances supply chain management. Phlo Systems Limited is organising a webinar on Digitalising the International Supply Chain that will provide an overview of the challenges faced in the global supply chain, presented by Dr Tedd George, which will be followed by a fireside chat with Saurabh Goyal, Founder & CEO of Phlo Systems, and Christophe Bourges, Senior Strategic Advisor at Phlo Systems. The webinar will finish with an expert panel discussion, chaired by Tedd George, bringing together the key partners in developing this technology. CLICK HERE to register for the webinar and learn more about how you can leverage the opportunity to digitise your complete supply chain today with the help of opsPhlo.

  • Phlo Systems - Going for Growth

    Phlo Systems, the London-based Fintech startup serving customers in Africa, Europe, South America and the US, is going for further global growth. Having successfully attracted an initial round of capital investment from family and friends as well as private and angel investors, it is now seeking a second injection of funding. Founded just five years ago, Phlo Systems delivers innovative digital solutions for physical goods supply chain operations. And it remains as passionate as ever to streamlining international trade, finance and customs management, making systems more secure, transparent and cost-effective for the traders, financiers, insurers, transport providers and risk managers who are amongst its growing customer base. The expected funding will not only enable Phlo Systems to grow its operations in order to further digitise its international supply chain procedures but it will make it easier for SMEs to transact business. Specifically to help SMEs with matters of procurement and to assist them to navigate their way through the maze of new post-Brexit customs requirements, Phlo Systems has launched tradePhlo, a new cloud-based customs compliance solution, which has already undergone extensive testing by HMRC to ensure it is fully compatible with their processes and procedures. It has been designed to demystify complex trade procedures and to enable everyday users to file declarations accurately and efficiently without any need for prior Customs declaration knowledge. tradePhlo will be the development focus of the second investment round – as Phlo Systems prepares itself for the millions of new customs declarations which will be completed by UK traders for the first time since Brexit and changes to HMRC IT systems. Phlo Systems will be launching their fundraising campaign on Seedrs crowdfunding platform very soon and if you wish to be part of the company's high growth journey, then register your interest to invest on the Seedrs platform: "

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