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Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

Multiple stakeholders and requests from various business people with different KPIs;

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

Technology might 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, and risk treating derivatives trading, P&L, and regulatory reporting. It may also help you should manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any alteration of auto situation forces the leaders of a difficult industry to find approaches to optimize production and adapt to new conditions inevitably affect their profitability.

To get the desired result, experts recommend starting with the definition main counterparties and determining their priority based on cooperation efficiency. Properly setup customer focus will allow in case of another crisis to prevent unnecessary procurement and can provide an chance to build logically correct supply chains to conserve about the transportation of recycleables.

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