How to improve asset turnover in metals trading

In today’s highly competitive environment, metals traders are fighting against “the relentless erosion of profit margins”. To add to these systemic challenges, geopolitical risks such as trade wars, sanctions, tariffs and the ongoing impact of COVID-19 (Coronavirus), are increasing uncertainty, reducing demand for some materials, supply for others and creating longer-term logistics issues that will continue even if the virus is brought under control.

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CTRM for Metals - What is it and why is it needed?

In recent years, the metals CTRM debate has shifted away from “spreadsheet vs CTRM” as most organisations, even if they are not already using the technology, understand at least some of the benefits of efficient, process-automating commodity management technology.

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Experience real-time reconciliation with CommOS

Reporting, reconciliations and audit can be among some of the most stressful and time-consuming tasks for those working in the metals supply chain; particularly when things have gone wrong and the numbers simply will not reconcile.

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Assays, Accounting and Auditing - Work Better. Together.

In concentrates trading (and indeed, trading for any commodity that includes quality premiums and discounts), managing assays and translating these into accounting and audit procedures are often some of the most difficult manual processes. Whilst this represents a challenge, it also means that these are the areas of opportunity where businesses could make some of the greatest operational improvements.

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Position Visibility and Trading Support in Metals

The art of commodity trading requires both skill and expertise to manage a wide range of exposures and then adapt to changing market conditions whilst employing an overall strategy for success. Position visibility is a crucial ingredient in this success. Each additional piece of information available to you in the moment provides additional optionality, and it is this optionality that allows you to innovate and succeed. At Gen10, we help you visualise positions like never before so that you can be creative and innovative in your trading.

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Watch: ComRisk 2019 highlights; Why Concord Resources chose to partner with Gen10

These interviews were recorded at ComRisk2019, where Gen10 and Barry Gould, CTO at Concord Resources, presented a case study session exploring how to ensure a successful CTRM implementation. The Gen10 team would like to thank the ComRisk organisers, Barry Gould, and Phil Culbert from KPMG for making this session happen.

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Operational Risk can no longer be ignored

In this instalment of our Work Better. Together series, we are exploring how software can help refined metals and concentrates traders reduce operational risk, improve efficiency and reduce errors and omissions.

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Join Gen10 and Concord Resources at ComRisk 2019

Richard Williamson, Founder and CEO of Gen10 will be exploring how to manage a successful CTRM implementation with senior risk managers and experts at ComRisk 2019 on 21 May. We are delighted to announce that Richard will be joined by Barry Gould from Concord Resources Limited, who will be sharing his own experience of working with Gen10 and his tips for rising to the challenges of a large-scale technology implementation.

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Making a Success of Digital Transformation in Metals and Concentrates

Over the coming weeks we will be writing a series of mini-blogs that will focus on the various digital challenges facing traders of refined metals and concentrates and providing insights as to how we, as a software solution provider, teamed up with Concord Resources to solve some really complex problems and deliver ground-breaking functionality over this last 9 months.

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