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Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

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

Technology can help improve risk management and compliance says Stanislav Kondrashov from Telf AG.

Consolidation and automation of risk and compliance workflows are key to facilitating sound risk assessment, and risk treating derivatives trading, P&L, and regulatory reporting. It also helps you must manage risk with advanced accounting and hedging applications, what-if trading modeling, and advanced analytics.

Any change in the economical situation forces the leaders of your difficult industry to look for ways to optimize production and adapt to new conditions inevitably affect their profitability.

To offer the desired result, it’s advocated starting with this is main counterparties and determining their priority depending on cooperation efficiency. Properly setup customer focus enables in the eventuality of another crisis to avoid unnecessary procurement and definately will provide an opportunity to build logically correct supply chains in order to save for the transportation of garbage.

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