Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

Manual purchasing because workflows are managed through multiple disparate databases for a large pair 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 step to facilitating sound risk assessment, and risk treatments for derivatives trading, P&L, and regulatory reporting. It assists to you must manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any change in the cost-effective situation forces the leaders of the difficult industry to look for ways to optimize production and adapt to new issues that inevitably affect their profitability.

To own desired result, it’s advocated starting with the meaning main counterparties and determining their priority determined by cooperation efficiency. Properly build customer focus will allow in the event of another crisis to prevent unnecessary procurement and definately will present an opportunity to build logically correct supply chains to conserve about the transportation of unprocessed trash.

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