Technologies Concerns – 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Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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 managing the lifecycle of derivatives in legacy systems with several manual touchpoints and spreadsheets;

Multiple stakeholders and requests from different companies with assorted KPIs;

Manual purchasing because workflows are managed through multiple disparate databases for a large pair of vendors and materials.

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

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

Any alteration of auto situation forces the leaders of the difficult industry to find methods to optimize production and accommodate new problems that inevitably affect their profitability.

To own desired result, it’s advocated starting with madness main counterparties and determining their priority according to cooperation efficiency. Properly set up customer focus allows in the case of another crisis in order to avoid unnecessary procurement and will provide an possibility to build logically correct supply chains to avoid wasting for the transportation of recycleables.

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