Kynetix, the leading provider of exchange-based commodity management platforms, today announced the launch of the Inventory Management module of Sentinel, their multi commodity management platform, which they believe will significantly reduce time to market for new commodity contracts.
Sentinel is built on a brand new architecture which has been designed to facilitate integration with existing exchange systems and third party systems and brings shortened time to market for new contracts - resulting in a competitive edge.
Matt Dolton, Director at Kynetix comments, "We've seen high levels of interest in Sentinel from around the globe. With the evolution and change within the commodities markets we believe that modern, fast web-based and API-rich platforms like Sentinel will enable our clients' new commodity contracts to be launched in much shorter timescales than traditional approaches, giving them real competitive advantage".
Sentinel allows global exchanges the flexibility to tailor the platform specifically to their business needs. They may choose to include components for issuing warrants, warehouse receipts, printing and lodging paper warrants, electronic warrants, grading (quality control of physical products), title transfer, calculating rent and storage charges and delivery (including buyer and seller positions, allocation algorithms and invoices).
Sentinel, which can be deployed either on premise or as a cloud-based solution for start-up exchanges, includes inventory management, grading and quality control, depository functions, rent and storage management, collateral management and title transfer.
Kynetix has an established track record of providing and maintaining high-profile platforms for leading global commodity exchanges and Sentinel is the result of years of experience, both business and technical.