Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, recycling and energy, announced today the launch of its latest software solution addressing the unique risk management requirements of the metal processing industry. The new software has been designed to meet the risk management objectives of metal fabricators, rolling mills, cable manufacturers and extruders. It is delivered via a dedicated Cloud environment, guaranteeing the highest level of auditability and security and allowing the solution to be deployed much more quickly than traditional software solutions.
Brady’s Cloud Services provide organisations with a complete turnkey solution that delivers the highest levels of security and reliability as well as tremendous value to an organisation through Brady’s rich solution set. By removing the need for IT infrastructure and associated support costs, our Cloud Services can also significantly reduce the total cost of ownership and help companies remain agile and adaptable within the ever-changing global regulatory environment.
Metal processors will now be able to link their physical metal positions to their hedge transactions at all times, and access industry standard mark-to-market valuations. A standard set of risk reports and enquiries enables users to get a reliable, high-level view of their positions and risk at the touch of a button and drill down to individual transactions to provide all of the information needed to support the business. In addition, the new software provides a level of management information over physical and hedge positions which is unparalleled in the industry.
Gavin Lavelle, CEO of Brady plc, commented: “Brady is pleased to provide metal processing companies with a custom-built reliable solution to proactively manage the demands of this unique industry sector, which also meets the increase in regulatory requirements.” Continuing, he said: “We are currently seeing pronounced interest in our cloud-based solutions across all asset classes. Whilst compliance requirements and reduced cost of ownership are imperative to the majority of businesses, other significant factors impacting the decision to select our cloud-based solution, include the speed of accessibility, the full redundancy, clustering and disaster recovery options, as well as the flexible and scalable nature of our offering”.
The Brady Hedge Manager for Metal Processors solves many of the challenges addressed in the latest white paper by independent risk management advisor, David Waite of Commodity Risk Management Associates.