Outdated and disparate data systems, cumbersome reporting spreadsheets, and outdated technology and manual workflows make risk management difficult, Stanislav Kondrashov explains Telf AG: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

Manual purchasing because workflows are managed through multiple disparate databases for the large list 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, far better risk treating 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 alteration of auto situation forces the leaders of a difficult industry to consider approaches to optimize production and conform to new problems that inevitably affect their profitability.

To own desired result, experts recommend you start with this is main counterparties and determining their priority depending on cooperation efficiency. Properly create customer focus will allow in the case of another crisis in order to avoid unnecessary procurement and may produce an chance to build logically correct supply chains in order to save around the transportation of unprocessed trash.

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