Situation
A leading metals manufacturer had clear challenges in assessing the company’s true commodity risk profile and lacked proper oversight risk since nearly all hedge-related activities revolved around one person. To top it off, that one person was managing the company’s hedge program with proprietary technology and spreadsheets. Faced with this challenge, the company was at a crossroads of investing substantial dollars to enhance the existing hedge program technology or identify a SaaS solution to meet the company’s objectives. Given the evolving landscape of SaaS-based technology, this metals manufacturer began to assess solutions from a host of providers. After a comprehensive market evaluation, the metals manufacturer chose AEGIS’s CTRM to seamlessly transition the company from old to new with robust functionality designed to outpace current and future technology landscapes.
The metal manufacturer’s main goals included addressing critical business needs, streamlining processes, and future-proofing their technology infrastructure to reduce IT costs while simultaneously driving operational efficiency. Key requirements include managing dynamic physical and financial commodities, generating comprehensive accounting entries, and supporting strategic decision-making through robust tracking and reporting capabilities.
