|[April 09, 2014]
Louis Dreyfus Commodities Masters Global Counterparty Information in Orchestra Networks' EBX5
PARIS --(Business Wire)--
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 sourc of counterparty standard settlement
instructions (SSI) and no simple way to list or search LDC's
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.
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