AgriCharts and AgTrax Offer Real-Time Commodity Accounting Solutions to Agribusinesses

Thu Jul 9, 2009 3:41pm EDT
 
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CHICAGO & HUTCHINSON, Kan.--(Business Wire)--
AgriCharts, the agricultural division of Barchart.com, Inc., which provides
market data, website hosting and technology solutions to agribusinesses, today
announced an initiative with AgTrax Technologies, the leading provider of
agricultural software in the Midwest. Through their newly formed relationship,
grain elevators, co-ops and other agribusinesses which use AgTrax Technologies`
Commodity Accounting software can receive automatic updates of real-time market
data for commodity prices including corn, soybeans and wheat to perform price
sensitive grain accounting. The real-time market data originates from AgriCharts
and is seamlessly integrated into AgTrax Technologies` software. 

With the availability of real-time market data agribusinesses will benefit from
the ability to perform critical accounting functions using the latest commodity
prices. This enhancement improves risk management performance, accuracy and
overall efficiency for agribusinesses as the market data is automatically
updated within the software. AgriCharts also provides automatic feeds of delayed
and end-of-day market data as options. 

"With the integration of live market data into AgTrax Technologies` Commodity
Accounting software, agribusinesses can ensure they have the most recent prices
available to perform critical real-time accounting and valuations," said Mark
Haraburda, Managing Director at Barchart and AgriCharts. "With daily volatility
in the marketplace, this is a feature all grain buyers need to have at their
disposal," added Haraburda. 

"With this new feature in our commodity accounting software, we allow our
customers to integrate the markets, which have always been a factor, but the
interaction was a manual process," said Jeff Jackson, President of AgTrax. "This
is another accomplished goal that we set years ago and by partnering with an
organization like AgriCharts we are able to integrate formerly external
information into our application for the benefit of our customers." 

For more information, please visit www.agricharts.com and www.agtrax.com. 

About AgriCharts

AgriCharts, a division of Barchart.com, Inc. which provides market data
solutions to the futures, equity and foreign exchange markets, provides
agricultural information and technology services to the agricultural industry.
AgriCharts` services include website hosting and management, market data and
information, website content and real-time quote services. AgriCharts goal is to
provide successful market data and information solutions to meet the
requirements of today`s agricultural industry. 

About AgTrax Technologies

AgTrax Technologies provides agricultural accounting applications to local
agribusinesses in 18 states across the US. Started in 1996 and located in
Hutchinson, KS, AgTrax develops state-of-the-art information systems including
general accounting, commodity accounting and customer relationship management. 



Barchart.com, Inc. / AgriCharts
Mark Haraburda
(312) 506-8705
haraburda@barchart.com
or
AgTrax Technologies
Garette Long
(620) 662-0482
glong@agtrax.com

Copyright Business Wire 2009

 

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