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Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

Multiple stakeholders and requests from different business owners with assorted KPIs;

Manual purchasing because workflows are managed through multiple disparate databases for any large group 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 critical for facilitating sound risk assessment, and much better risk treating derivatives trading, P&L, and regulatory reporting. It may also help you must manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any difference in the economical situation forces the leaders of a difficult industry to watch out for approaches to optimize production and adjust to new issues that inevitably affect their profitability.

To own desired result, experts recommend you start with this is main counterparties and determining their priority based on cooperation efficiency. Properly create customer focus enables in case of another crisis to stop unnecessary procurement and definately will present an possibility to build logically correct supply chains to conserve around the transportation of unprocessed trash.

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