Mechem opts for Brady

Brady says its solution will enable Mechem to manage its entire end-to-end physical and futures trading and the associated logistics requirements whilst providing the necessary risk management tools. In addition, Mechem will use Brady's integrated accounting solution for budgetary control and financial reporting purposes, effectively supporting its complete front to back office activities, the software provider says. 

 

"By leveraging the CTRM platform and its reporting functionality, Mechem will be able to make better informed decisions in the management of its trades, positions, risk, P&L, inventory and logistics,” Brady CEO Gavin Lavelle says. 

 

“Brady has been independently acclaimed to be the leading provider of software solutions to the global metals market, and we are delighted to welcome Mechem to Brady's customer base of more than 400 companies worldwide,” he adds.

 

"We selected Brady to facilitate the process involved in enabling our business to make more informed and proactive decisions, streamline day-to-day operations and protect profits whilst at the same time providing the necessary platform for continuing growth,” says Mechem CEO Sabri Karabagli. 

 

“Implementation of the Brady solution extends our visibility into the full supply chain and enables us to make intelligent sourcing decisions to offer better value to our suppliers and customers,” he adds.

 

"With the objective of growing our business in the future, the need to ensure effective control and management of our operations has become a key driver. A dedicated cloud-based CTRM solution replacing both spreadsheets and our legacy accounting package is therefore of paramount importance to successfully managing our existing business as well as ensuring scalability for our future requirements,” Karabagli says.