When you are investing in a new commodity trading and risk management (CTRM) solution, your final decision often comes down to price. Therefore, you need to understand the total cost of the software you are purchasing. The cheapest option may have hidden costs, and the most expensive option may end up cheaper in the end.

The average lifespan of enterprise software is seven to 10 years. Today’s CTRM solutions can be upgraded over time, extending the life of the software beyond 10 years without requiring a huge investment. Implementing a new CTRM system is an endeavor, requiring months of implementation time, training personnel, changing work processes, etc., so you don’t want to replace it too frequently. 

Contact iRely today to learn how we can help you find the best commodity solution for your business