Coal Trading comprising of Coal purchase from coal washeries (beneficiation), E-auction, coal imports is traded through multiple depots using Lighthouse ERP. Commodity hedging is a crucial risk management tool to reduce the impact of highly volatile foreign exchange market.
ERP stands for Enterprise Resource Planning. ERP software brings about absolute automation in industry. Business automation can give a business a complete makeover to how a company operates on the basic level. Coal trading industries is one of large industries which has huge impact on nation’s economy. Coal has many applications such as electricity, steel production, cement, transport, and combustion products. Varied applications of coal engenders rise in significance of coal.
ERP for coal trading and import industry continues to grow exponentially as the demand of coal is brobdingnagian. Coal trading compromises of procurement of coal from coal washeries via auction, and then importing the procured coal. ERP for coal trading and import manages all these operations. In addition to that of managing procurement and importing, the software also estimates costs, and analyses statistics and information. The entire system is integrated as one and every piece of information is stored centrally.
Lighthouse ERP brings about complete business automation for coal beneficiation through Coal Washeries, Coal Import from procurement to logistics to dispatch/trading. Port & Siding management is another signature feature .
Lighthouse ERP is one of the best ERP software for Coal Trading and import industry. Lighthouse ERP helps the trading and import industry to sustain in the market by digitization of business. With 33+ years of experience in ERP implementation, our expertise can sure boost your business and yield profit from it. Lighthouse ERP is the quintessential ERP software for coal trading and import industry. Absolute automation helps the business as the delays due to human intervention is reduced quite drastically.
Payments and bills like Expense bill, Stevedoring bill, and Agency bill are calculated in for coal trading.
ERP for coal trading can give the industry complete financial control.
Inventory to accounting cycle as well as L.C cycle is managed with ease in ERP for coal trading.
Tracking and stocking of coal at different transit points is achieved with ERP software for coal trading.
Absolute automation decreases the chances of errors and delays.
Trading and distributing.
Financial and Accounts management.
Quality Control module.
Customer Relationship Module.
Supply Chain Management or SCM module.
Purchase Contract to Sale Contract cycle with Net Rate and Reverse Calculations.
Vessel Wise Costing
Allocations of expenses on Vessel / Port Wise
Sales Target to Achievement
Shipping: Laytime Calculation
QC Grade Wise / Port Wise QC
Port wise – Godown wise Inventory
Commodity Hedging for Imports
Tracking and Reconciliation of stock of grade wise material at different transit points :at Ports, Depots Plots, Storage Yard and Coal Washery
Stock at Port/Railway Siding/Plots/vessel wise, grade wise
Branch/Port transfers with Auto GRN & Dispatches
Blending of material at plots
Request, allocation and expense handling of railway rakes
Depot Management: All inward and outward movement at yard locations is tracked by Weighbridge
Expenses Bill Passing ,Stevedoring Bills, Agency Bills,Railway Freight Bill Passing,Insurance Policy Bills ,Demurrage Bills
Bill of Entry system for Custom duty Liability Calculation
Inventory to Accounting cycle, L.C. Management
High Seas Sales and related taxation issues. Debit notes for logistics services.
Allocation of Expenses on GRN/BL for accurate landed value Calculation
Freight Bill Passing with linking to Sale Bills and GRNs
Port/Branch wise profit & Loss
Manage Division wise, Depot and Vessel wise & consolidated finance books, Costing/ efficiency, Ledgers & Profitability. Inter division Sales & Purchase on a real-time basis
Accounts approval, payment advice and bill passing for Purchase, Services (jobwork/ contractors) or Freight scenarios
Expenditure analysis for vessel wise: material and additional expenses like handling, insurance, fines
Enquiry & Quotation followed by three level order cycle Sales Contract, Sales Order and Delivery Orders.
Delivery orders can be made on the basis of the advance received and with the details of the actual product to be dispatched (with Grade wise, Size wise product details)
Sales e-invoicing generated instantly, by linking to Weighslips and Delivery Orders
Flexible pricing methods cash discounts, quantity discounts, fixed period sales contracts, credit control etc.