VAKT creates a single source of truth for commodity transactions.
VAKT helps you work with your trade partners, including terminals and inspectors, to create an accurate record of every physical oil trade, and to operate that trade, so that you are sure it will deliver exactly what was agreed, when agreed, every time.
VAKT builds trust in the data and between partners. Where there is trust, progress is fast, and effort, time and cost are all reduced. Trust results in being able to manage more trading opportunities, and increased profitability, with the same resources.
vSure automates the detection of trade entry errors, highlighting them immediately after they occur.
Trade entry errors can prove costly, and they occur frequently.
vSure protects you from these trade entry errors, making hedging, contract management, and invoicing more accurate and efficient.
That keeps P&L and cashflow strong, helping you to finance more trades.
Your world couldn’t get any more complicated. vLogistics is here to host, standardise and streamline logistics processes by creating one source of logistics truth and one system to which all partners can input.
vLogistics is intuitive. It’s easy to set up and plan vessel movements and share them with your partners to agree and put into action. vLogistics can also be used to digitise paper- based trade records. There’s no need to manually input logistics data, and once that data is stored, it’s permanent and indelible.
Bring the benefits of technology to your business.
A VAKT integration connects you directly with your customers for fast, secure sharing of operations data and documents.
Improve your customer experience, reduce your operational risk.
The VAKT Products Database (VPD) brings a new level of descriptive accuracy to your traded grades reference data.
Developed in partnership with SGS, VPD lists every grade of refined product, and crude oil, and provides detailed quality specifications of each.
By using blockchain we have created a single digital record where all of the details and stages of a trade can be agreed, recorded and seen, securely, by trading partners.
This means partners can clearly see opportunities to improve trades in real time and avoid or mitigate potential risks.
We can’t wait to show you VAKT in action.
Schedule a meeting with us and we’ll demonstrate how a VAKT integration connects you directly with your counterparts and ecosystem partners for fast, secure, sharing of accurate data.
