InstaNext Inc., a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Keystone Foods has selected the InstaNext platform to manage their commodities hedging program.
Headquartered in West Chester, PA, Keystone Foods is a global food services company that supplies some of the world’s finest consumer brands with high-quality, fresh and frozen animal protein products including poultry, beef, fish and pork. With annual sales of $2.7 billion, Keystone is a leading supplier of protein products to a customer base that includes more than 36,000 quick-service restaurants, major food service and industrial companies, as well as retail outlets around the world. Keystone’s process includes using the highest quality raw materials from their long-standing supplier network.
Keystone chose the InstaNext multi-commodity platform based on needing a solution that could give them the ability to manage their raw material hedges while also providing the necessary commodity coverage analysis. Keystone was impressed with InstaNext’s intuitive user interface and the ease of use of the system’s reporting suite. The food service giant plans to use InstaNext’s advanced analytics tools to manage their derivative trades and to reconcile positions and P&L with brokers. They will also use the platform to manage their coverage and spend versus their budgeted prices and volumes for numerous protein commodities within their supply chain. By leveraging the various analytical and reporting functionalities that InstaNext provides, Keystone aims to streamline business processes and gain deeper insights into making decisions around P&L, procurement, supply chain and risk. “We are excited to welcome Keystone to our growing InstaNext family of customers. Our Coverage and Risk platform will provide a substantial return on investment as they calculate and understand their spend,” states Richard Kulaszewski, EVP of Global Field Operations. InstaNext plans to engage companies similar to Keystone Foods in the very near future, as executives in the food and beverage industry look for better ways to manage their procurement coverage and derivative hedging. “The food industry is a very complex ecosystem that requires solutions to simplify tasks and improve efficiencies across multiple platforms. We developed InstaNext because we saw a need in the market for an easy-to-use solution for coverage and risk management. Many of the big box CTRM solutions are outdated, extremely costly, and implementations are time-consuming and risky. The InstaNext platform delivers value instantly,” says Marc Zabal, VP of Product Development for InstaNext.
InstaNext is comprised of a team of software and technology experts in the fields of commodity trading, hedging, and risk management. With an extensive portfolio of prior successes in the CTRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of the complex commodities world. The InstaNext platform simplifies every aspect of commodity trading and risk management. The multi-market platform allows companies to analyze their positions in real-time via its powerful analysis capabilities. With InstaNext, historical and scenario-based data can be used to compare current positions against changes in the market, allowing for more effective management of portfolio risk and ensuring profit margins are secure. Using the latest cloud-hosted technology, InstaNext can be implemented quickly and with low risk.