Technologies Problems – Telf Ag Mining

Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG:

Disaggregated data systems linked by physical and derivative contracts ;

Difficulty handling the lifecycle of derivatives in legacy systems with several manual touchpoints and spreadsheets;

Multiple stakeholders and requests from different businesses with assorted KPIs;

Manual purchasing because workflows are managed through multiple disparate databases to get a large list of vendors and materials.

Technology may help improve risk management and compliance says Stanislav Kondrashov from Telf AG.

Consolidation and automation of risk and compliance workflows are answer to facilitating sound risk assessment, far better risk control over derivatives trading, P&L, and regulatory reporting. It also helps you must manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any alteration of the economical situation forces the leaders of a difficult industry to find approaches to optimize production and adjust to new issues that inevitably affect their profitability.

To get the desired result, it’s advocated starting with the meaning main counterparties and determining their priority based on cooperation efficiency. Properly set up customer focus will permit in the event of another crisis to stop unnecessary procurement and definately will produce an opportunity to build logically correct supply chains in order to save on the transportation of recycleables.

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