Price and volume agreed verbally, months before delivery. When a grower remembered the number differently, neither side had anything to check it against.
CBH Group is Australia's largest co-operative, owned by the grain growers it serves. It runs the ports and country receival sites that handle Western Australia's grain, drawn from more than 300,000 square kilometres of cropping country. Before harvest, growers ring CBH's grain trading centre to agree a price and volume for the grain they will deliver. Those calls are the contract.
The Issue
Contracts agreed by phone were rarely written down at the grower's end, and when a price or tonnage was later disputed, CBH had no record to settle it against. Over time the number of disputes had grown to the point where it was a real cost to the business, and with nothing to refer to, resolving them was slow and often came down to one recollection against another.
The Solution
CallTech installed a Red Box recorder on the Cisco telephone extensions in the grain trading area. After each call, staff tag the recording with the contract number, so any negotiation can be pulled up by contract rather than by hunting through dates and times.
When a grower now disputes a contract, CBH finds the recording, replays it to confirm the terms, and emails it to the grower as an audio file. Hearing the call has settled most disputes on the spot, and the overall number has dropped significantly.
Every trading call recorded and searchable by contract number; disputes over verbal contracts down significantly.