SoftGuide > Functions / Modules Designation > Raw Commodity Settlement

Raw Commodity Settlement

What is meant by Raw Commodity Settlement?

The term “raw commodity settlement” refers to the quantity- and value-based settlement of delivered or received raw commodities on the basis of agreed quantity, quality, and pricing parameters. It is used especially in sectors where raw commodities are not paid solely according to delivered gross quantity, but where analysis values, quality characteristics, drying, impurities, shrinkage, or other bonuses and deductions also affect the final price calculation.

A typical feature of raw commodity settlement is that the physically delivered quantity does not always match the billable quantity. Software in this area maps settlement schemes, processes quality data, and automatically calculates bonuses or deductions affecting quantity, price, or remuneration.

Typical software functions in the area of “raw commodity settlement”:

Examples of “raw commodity settlement”:

 
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The function / module Raw Commodity Settlement belongs to:

Accounting