About Us
ExamHand is designed and written by Greg Miller who has been designing grain software systems since 1984 and grain regulatory software since 1990. Grain industry compliance software is our only business. In today’s complex grain regulatory environment, you need more than an “IT provider”. You need software written by someone who understands the grain business and your regulatory environment. That’s us, that’s ExamHand.
THE GO-TO SOFTWARE TOOL FOR REGULATORY AGENCIES
Let’s take a look at the 4 main aspects of ExamHand:
- Capacity: When a warehouse is licensed a bin capacity chart must be created. It defines the dimensions and the grain volume each bin offers. During each examination, bin inventory measurements are entered against each bin’s capacity to determine the grain in house. This is the beginning of the Risk Position. The bin chart then stays with this company from year to year.
- Risk Position: Bushel obligations of all kinds: in-house (open storage), yet to be priced or delivered (delay price and other contracts), as well as board of trade hedges are all accounted for. Taken together, the Risk Position shows if a grain handler is adequately hedged to minimize their company’s exposure to market price risk.
- Working Capital: Once market price risk is established, current dollar assets (including owned grain assets) and liabilities are compared and a current ratio is calculated. In addition, proforma tools such as “mark-to-market” can be used to estimate future current ratio progression.
- Exceptions: When Risk and Working Capital have been completed and there are areas of the company that are not in compliance with statute, rule, or regulation, an Exception is created. These appear on the Memorandum of Adjustment based on each state’s laws to allow for remedial action on the part of the company.
