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.[...]
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.[...]
In the fast-moving world of metals and concentrates trading, faster operations turn-around time translates into a higher stock turnover and ultimately greater profitability. Whilst many commodity businesses are investing in the technology to make marginal gains in each trade, operations processes are often hampered by inefficient, offline processes that require a lot of manual effort and repeated re-typing of information.[...]
A modern commodity management system not only helps ensure each trade is correct and the associated instructions are accurate. It also distributes data across the company so that everyone has real-time access to the latest information and knows when it’s time for their area of responsibility and expertise to step in.[...]
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.[...]
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.
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.[...]
This interview with Gen10 originally appeared on CTRM Center, following an interview between Dr Gary Vasey of ComTechAdvisory and Gustaf Dyrssen from Gen10.[...]