Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

Manual purchasing because workflows are managed through multiple disparate databases for a large pair 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 better risk treating derivatives trading, P&L, and regulatory reporting. It also helps you best manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any change in the economic situation forces the leaders of your difficult industry to watch out for ways to optimize production and accommodate new issues that inevitably affect their profitability.

To own desired result, it’s advocated you start with the definition main counterparties and determining their priority according to cooperation efficiency. Properly build customer focus will permit in the eventuality of another crisis to stop unnecessary procurement and may offer an possiblity to build logically correct supply chains to save for the transportation of unprocessed trash.

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