Technology 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Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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 different companies with different KPIs;

Manual purchasing because workflows are managed through multiple disparate databases for the large list 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 critical for 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 the cost-effective situation forces the leaders of an difficult industry to consider approaches to optimize production and adapt to new conditions inevitably affect their profitability.

To achieve the desired result, experts recommend you start with madness main counterparties and determining their priority according to cooperation efficiency. Properly create customer focus will allow in case of another crisis to avoid unnecessary procurement and can provide an chance to build logically correct supply chains to save on the transportation of recycleables.

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