Novelis will deploy Trinity in its offices located on four continents to support its global aluminum supply, logistics and risk management operations. Novelis sought a complete front-to-back metal management and risk management system.
âAfter a thorough review of our business requirements and examining a number of the available commodity software platforms in the market today, it was clear that Trinity was an appropriate solution for our business,â said Nick Madden, Vice President, Global Procurement & Metal Management, Novelis Inc. âTrinity will support Novelisâs metal management and risk management processesâ.
The Novelis business model seeks to minimize commodity price risk and fully capture a conversion margin in processing aluminum into various fabricated products for its global customer base. To support this objective, the prudent use of derivatives in the form of forward metal priced contracts, call options, foreign exchange contracts, interest rate swaps and energy contracts is important.
âWe are delighted that Novelis has selected Trinity as its mission-critical software solution,â said Dr. Robert Brady, founder and CEO of Brady plc. âOur aim is to supply our clients with the best commodity supply chain and risk management software system available in the marketplace today, coupled with the highest levels of quality and support. I am pleased to welcome Novelis to our growing user community.â