10 reasons to move your commodity hedging from ......10 reasons to move your commodity hedging from...

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10 reasons to move your Commodity Hedging from Spreadsheets to SaaS

If you are using spreadsheets to conduct complex, large scale calculations to monitor and limit risk for your trading books and hedging operations, you know how risky manual processes can be. In addition to errors being hard or impossible to identify across multiple versions of spreadsheets manually, there is no way of tracking changes. This lack of insight makes data accuracy and business intelligence a significant challenge for auditing and reporting teams. As your hedging operations expand or new regulatory requirements are introduced, scaling and adapting to new requirements might become a challenge.

Software as a service (SaaS) solutions for commodity trading and risk management (CTRM) are offering an opportunity to enhance operational efficiencies and spend more time on optimizing hedging strategies that drive growth.

Here are 1 0 reasons to move your commodity hedging operations from spreadsheets to a modern SaaS solution.

KEEPS DATA ACCURACY IN CHECKwhich can help avoid data inconsistencies and identify errors quickly to keep the auditors and compliance departments happy.

SERVES AS A SINGLE DATA REPOSITORYeliminating the need to manage multiple versions of spreadsheets and database backups, thus preventing possible data losses.

AUTOMATES REPORTING AND STREAMLINES PROCESSESto seconds or minutes instead of potentially days, allowing you to spend more time on value-added tasks to help grow business.

SCALES UP OR DOWNdepending on business requirements.

HELPS PROTECT FROM CYBERCRIMEby ensuring 24/7 system reliability, data security and safety.

TRACKS AND CONTROLS CHANGESso it’s possible to control which users can enter or change data and see who made specific changes, thus eliminating the opacity of spreadsheets.

SUPPORTS COMPLEX, LARGE SCALE CALCULATIONS AND MONITORINGallowing you to gain business insight quickly and cost-effectively.

KEEPS UP WITH NEW FUNCTIONALITY, MARKET CHANGES AND REGULATORY REQUIREMENTSwith seamless, automatic upgrades.

KEEPS THE IT COSTS LOWdue to reduced or non-existent need for IT staff and with software costs distributed over time.

ENABLES FAST AND SIMPLE IMPLEMENTATIONin as few as 30 days.

Learn how FIS’ Kiodex is helping commodity traders reduce the risk by taking their hedging to SaaS in just 30 days.