Levridge – The Ultimate Bean Counter
Manage Your Ag Business with a Modern Solution
From the cab of a combine to crop genetics and drones, the agricultural industry has seen tremendous advancements in technology in recent years. But, what about your backend software? It’s likely that the business application you’re running is more than 20 years old. Invoices to farmers are confusing, clients have to call in by phone to access information and profitability is calculated on instinct and a spreadsheet. Sound familiar?
Levridge, an end-to-end accounting, operations and customer relationship management solution, aims to change all that. Levridge provides the complete package to run your ag retail business, including:
- Inventory Management
- Customer/Grower Management
- Grain Trading
Levridge is a cloud-based product, so your employees and clients can access it anywhere, anytime.
Using the many functions and features of customer relationship management (Dynamics CRM), Levridge has multiple tools to help the agronomist overcome challenges with tracking data related to the grower, employee and contractor. This includes providing access to vital historical information, addressing knowledge sharing amongst employees, application and chemical certifications, and licensing and DOT tracking. Vital features for the agronomist include Outlook integration, email tracking, visibility to sales activities and follow up. Most importantly, it provides a 360-degree view of the client in a way that is accessible to all team members who need it.
No more dealing with inflexible reporting. A modern cloud-based platform with integration to the Microsoft Office suite and the ability to work with multiple other software applications gives Levridge an enhanced commodity accounting experience. With a built-in connection to the back office and your accounting team, access to information is seamless. Built-in features address everything you need to run your business including: scale tickets, settlements, contracts, and outbound shipments.
Split billing is a unique and necessary challenge for the ag industry. Levridge includes billing split management and the ability to clearly define splits by collecting data and using grower confirmation to maintain accuracy. The ag retail functionality includes the ability for customers and vendors to prepay and the opportunity to track and make adjustments based on consumption and usage. What about volume discounts and rebates? You’ll no longer need to track this on paper or in a separate spreadsheet. Levridge includes a modern and integrated approach to reaching low net pricing by seamlessly handling grower rebates and pricing. By taking advantage of the commissions, rebates and trade agreement set up functions that are native to the Dynamics 365 solution.
If your business needs to include ration balancing and veterinary feed directives (VFD), look no further. Levridge includes the unique feature of tracking consumption against VFDs, which is rare to find. Your ration balancing and formulas will no longer need to be housed in a spread sheet or a separate system. With built-in integration to accounting and operations modules, information entered can be tracked against inventory and flow straight to a production order, all contained in one system. You’ll have live access and a real-time view of inventory and products, across any device and accessible from anywhere.
The Levridge solution handles the entire process of grain receiving, from the inbound scale ticket and grain delivery, to tracking all of the quantities for each delivery from each of your customers. Inbound grain is handled from purchase contract to receiving the grain to final payment. Grain processing components include: pricing the contracts, calculating quality discounts, as well as charges and fees. The end result of the inbound process is payment to the grower in their preferred method of either electronic ACH wire transfer or check.
Manufacturing needs are a core feature provided by the Levridge solution. For those Ag retailers that are taking the commodity and producing a finished product, this solution accounts for inventory, the cost of inventory and the allocation of that inventory that to the finished product.
Shipment features include scheduling and transportation logistics. The native transportation management solution enhances the efficiency of driver management and reduces wait times. When a truck arrives at the facility, shipping can be prepared to load inventory when alerted as trucks are scheduled to arrive. Levridge can handle order requests from customer contracts. Load numbers are used to track who is scheduled to arrive at certain times and to ensure the drive is authorized to pick up the load and then track that order back to the contract. Load numbers will also show up on the sales invoice.
For those ag businesses that need it, Levridge can handle lot tracking and ability to trace the product back to the customer and field that it came from. The lot number appears on the scale ticket when it is delivered and is tracked all the way to the storage bin, through manufacturing all the way to the finished product.
Market conditions are subject to volatility and in the end, it’s all about your position. The challenge is keeping track of all the variables necessary in order to minimize your risk. The Risk Management feature of Levridge helps you track and report your position for sales contracts and surfaces visibility into your on finished product and commodities. Modern reporting functionality allows your DPR (detailed product report) to accurately track commodity position and stock reporting and how much of it is at risk. This allows you to easily answer the questions do you have enough commodity in stock? Do you have enough commodity purchased? When it will be delivered and how far out is the delivery? Levridge can help you keep track of all these answers and easily surface the necessary information for those making the purchasing decisions.
Equity & Patronage
Due to the many factors involved and difficulty tracking revolving member equity and stock allocations, this has been traditionally handled outside of the central accounting application. It is very likely stored in Excel or some other system that integrates with your accounting or agribusiness solution. In Levridge you can manage your equity and stock allocations within ONE solution. Equity tracking, from build-up, to current balance to pay-out is handled within the Levridge solution.
Another important area of the equity and patronage feature is patronage calculation. Levridge has been built to include calculation factors of commodity eligibility and member eligibility. This can be done multiple ways, whether you are calculating equity and patronage based on units sold or total sales, Levridge has the ability to track it either way. With the importance of following specific accounting guidelines in mind, Levridge includes some out-of-the box reporting, allowing you to make educated decisions based on these calculations.
All of this provides a single source to ultimately help you determine what gets put into equity, who will receive a patronage check and the dollar amount of each payment.
New technology tools to access and oversee your entire operation!
Built on the latest Microsoft technology platform, the Levridge user experience is modern, familiar and responsive to any device.