Campbell Soup Company selects FUTRAK for Dairy and Agricultural Futures Hedging and FAS133 Accounting

INSSINC, the developer of FUTRAK, today announced that the Campbell Soup Company has selected the FUTRAK system, which will enable Campbell to have better visibility and control over its soy, oil, meal, corn, cocoa and dairy hedging and accounting.

Campbell Soup Company, located in Camden, NJ, has a vast history. In 1869, Ulysses S. Grant was sworn into the Presidency, and the last stake was driven into the transcontinental railroad. That same year, two men — a fruit merchant named Joseph Campbell and an icebox manufacturer named Abraham Anderson — shook hands in Camden, New Jersey, to form a business that would one day become one of the most recognized in the world and serve as a symbol of Americana: Campbell Soup Company.

"FUTRAK has had a long history as well, but in the derivative software industry. In fact futures was one of the first modules developed by INSSINC, and we have continued to add functionality and new types of hedging instruments as the industry has evolved", stated Richard Kulaszewski, Vice President-Sales.

Founded in 1983, INSSINC provides risk management and FAS133 software as an ASP or on-site installation to soft commodity, energy, financial, and metal companies. INSSINC, which maintains offices in the United States and the UK, has also released a new module for IAS 39 under International Financial Reporting Standards (IFRS).

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