Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

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

Any change in auto situation forces the leaders of an difficult industry to find solutions to optimize production and accommodate new conditions that inevitably affect their profitability.

To offer the desired result, it’s advocated applying madness main counterparties and determining their priority depending on cooperation efficiency. Properly set up customer focus enables in the event of another crisis in order to avoid unnecessary procurement and may present an opportunity to build logically correct supply chains to avoid wasting for the transportation of recycleables.

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