HIGHLIGHTS & BENEFITS
BACKGROUND
A global leader in speciality chemicals and sustainable technologies aims to enhance supply chain transparency by improving tracking of primary and secondary metals. This initiative not only enables premium offerings but also bolsters the company's ESG goals and ensures compliance with industry standards.
CHALLENGES
SOLUTION
HIGHLIGHTS & BENEFITS
BACKGROUND
Most Refineries across the globe focus on the physical management of raw materials and inventory. Systems supporting the process are always predominately old with inefficient processes, unsupported or minimally supported systems alongside limited management information which prevents the business from making effective decisions to maximise growth
CHALLENGES
The refinery process requires an extensive amount of data from various sources in order for the metal to progress through the lifecycle. Combined with the amount of data needed, the data is required to be 100% accurate as metal weight, quality needs to be exact as this dictates the financial value. The solution design, interfaces, event sequencing needed to be designed with accuracy and efficiency
SOLUTION
Implementing cutting-edge bespoke technology combined with real time market data, overlaid with BI Reporting solution enables the business to transform to a single platform, with global business process and increased data transparency to support KPI reporting
HIGHLIGHTS & BENEFITS
BACKGROUND
Precious Metals Trading is extremely niche within the physical commodity market. Metals are scarce with key primary suppliers which are notably key Mines from suppliers such as Anglo American who supply these raw materials to larger precious metals distributors. Some metals such as Platinum and Palladium are in demand and as such the markets for these are liquid and require real time risk management due to the price volatility we have seen over the last few years. Rarer metals such as Osmium are illiquid and prices tend to be flat. In all scenarios however, it is essential that all transactions are managed within a dedicated trading system that allows for
> Real time Mark to Market calculations in order to ascertain a current market value
> Transaction simulations such as PFE (Potential Future Exposures) that run simulations to
Model scenarios based on scenarios such as price fluctuations
> Real time hedging strategies applied to mitigate risk exposures
OUTCOMES
Operational Efficiencies
• Streamlined trading processes resulted in significant operational efficiency gains.
• Reduction in manual management of trading function
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