RJO’s Hrvyst and Greenstone Systems partner to automate origination, merchandising and hedging for US grain cos
Hrvyst and MyGrower integration is set to launch broadly this summer.
Futures brokerage and clearing firm R.J. O’Brien & Associates and Greenstone Systems, a market provider of integrated agricultural accounting and management software, today announced that RJO’s Hrvyst initiative has partnered with Greenstone to digitally connect and automate origination, merchandising and hedging for the US grain industry. The integration will be piloted at several locations throughout the US with broad commercial availability expected this summer.
Hrvyst is a purpose-built agri-tech application created by RJO for the commercial grain industry that automates hedging by digitizing the entire grain origination and merchandising process. It electronically links grain offers, purchases and sales to the futures market and to the grain company’s Enterprise Resource Planning (ERP) system. The platform is broker-agnostic so it can be used by commercial grain elevators and linked to their existing brokerage firms.
Greenstone’s MyGrower is the powerful mobile engagement platform that enables growers to access real-time account information from the AGRIS ERP system anywhere, anytime. It seamlessly connects growers to their elevators so they can operate their business on-the-go. AGRIS is the most widely used ERP system in the US grain industry.
Through this new integration, the MyGrower platform moves beyond a mobile engagement platform and resource into a transaction-generating tool that can help originate more bushels and facilitate hedging against activity in the cash market. Offers created with MyGrower can instantly flow into and be managed and hedged by Hrvyst while the AGRIS ERP system updates in real-time.
“Customers informed us that they need a connected solution from the grower, to the hedge management trading system, to the accounting system,” said Mike Terning, Head of Product with Greenstone Systems. “The decision to partner with R.J. O’Brien’s Hrvyst was driven by our commitment to provide Greenstone customers with the best combined system. This integration will help grain originators and merchandisers increase engagement with farmers and reduce hedge slippage. It will also greatly increase efficiency and accuracy as accepted offers automatically flow from the Hrvyst trading system into the AGRIS platform.”