And we said that we will build for this companies such solution that cuts over 15%, that means over 6 hours, of ineffective operational work for managers and give for companies owners more control, transparency of the physical commodity deals workflows by automating, tracking and streamline of the processes between contractors.
First, we focused on the polymers trading industry. Why? Because we are from this market, my partner is an owner of polymers trading company. This market is very huge, in US it's over $600 billions annual, and there are over 30 000 plastic traders in this market. Typical company make 50 deals monthly. It means that our solution saves for this market over $1,5 billions monthly by cutting the edges, automating and boost efficiency of business.
It is makes sense for them? Of course, it is makes sense! Because they know how it works in the huge companies, they know how these processes looks in theirs companies. They know how owners and managers works with hedging firms, logistics, insurance companies, warehouses and other contractors by using phone calls, eXcels and e-mails. What price can we ask for that? It can saves over $3 000 in each deal. It can saves $150 000 monthly for company.
We said. It is a SaaS platform that takes subscription near $1 000 monthly for basic product. Is it good for you? Traders said yes!
We started to provide this solution for companies, and the main go to market strategy is — our solution can work inside one company, but it is better works between contractors, when contractors use it together. So if you are working with this product, you can show it for your colleagues and we will integrate this product for your colleagues. And you will work together in semi-automatic mode with streamlined processes, with efficiency and deal transparency.
Do you remember from what i started? We started to collect data how the processes in real life looks likes in trading companies. We didn't goes to a huge companies because this companies have enough funds to buy all the solutions. But we need more data, we need data from all market. In base of this data we started to build software that provide intellectual automatic bot-managers for physical commodity traders. In several future for trading, for buying and delivering raw materials for manufacturers or between traders you won't need many physical manager employees. You would use this intellectual technological bot-manager which works 24/7, collect, analyze and works with data and show you all processes.