Welcome!

News Feed Item

Louis Dreyfus Commodities Masters Global Counterparty Information in Orchestra Networks’ EBX5

Orchestra Networks, a leading multidomain Master and Reference Data Management (MDM/RDM) solution provider, today announced that Louis Dreyfus Commodities, a leader in food-processing and agricultural commodities-trading, has successfully deployed the first phase of its Counterparty Master Data Management System on Orchestra Networks’ MDM/RDM software EBX5.

Louis Dreyfus Commodities (LDC)--the D in the “ABCD” companies that dominate global agricultural flow--is a $63.6B merchandiser of commodities, a major asset owner and a processor of agricultural goods. Prior to the implementation of the Counterparty Master Data Management System, counterparty data was managed and stored in many different and unsynchronized operational systems. Additionally, the process for creating, validating and managing counterparties varied across functions and countries. The unsynchronized systems and lack of standard processes created operational, credit and compliance risk to the business. There was no single, authoritative source of counterparty standard settlement instructions (SSI) and no simple way to list or search LDC’s counterparties.

With the implementation of the Counterparty Master Data Management System, LDC now has a single, authoritative source of counterparty information. Enterprise applications and individuals (traders, risk managers, compliance and operations staff) all have access to an authoritative source of commercial counterparty information and their hierarchies. Additionally, with this system LDC has standardized the counterparty on-boarding process while maintaining the adaptations required on a country-by-country basis.

“Louis Dreyfus Commodities needed a Master Data Management system that could meet the needs of our various stakeholders spread across trading, operations and compliance domains,” said Romain Desigaud, head of the Data Management Global Competency Center at Louis Dreyfus Commodities. “After an exhaustive search process, we found that Orchestra Networks’ EBX5 was the only MDM software that could handle the complexity of our counterparties and their multidomain hierarchies while providing a path towards process standardization.”

“We’re honoured to have been selected by Louis Dreyfus Commodities for their counterparty master data management program. Increasingly, global leaders such as Louis Dreyfus Commodities are turning to Orchestra Networks’ EBX5 for their sophisticated customer master data use cases,” said Christophe Barriolade, CEO of Orchestra Networks. “They’re finding that there’s a strong need for hierarchy management, governance and, of course, the multidomain relationship management we have in EBX5.”

About Louis Dreyfus Commodities

Louis Dreyfus Commodities (www.ldcommodities.com) is a global merchandiser of commodities, a major asset owner and a processor of agricultural goods, with over 160 years of experience. Today they help to feed and clothe up to 500 million people, originating, processing and transporting approximately 70 million tons of commodities around the world annually.

About Orchestra Networks

Orchestra Networks (www.orchestranetworks.com) is a leading pure-play, independent master and reference data management software solution provider. Their EBX5 software enables business and technology users to model, master, govern and connect master data as diverse as customer, product, supplier, finance, HR, reference data, and more in a single end-to-end solution.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.