Mechem opts for Brady

A single Brady Cloud solution will manage Mechem’s metal trading activities.

RTGE Staff

Published June 27, 2016

London-based Brady Plc has announced that Mechem S.A., Lausanne, Switzerland, has selected the Brady Cloud commodities trading and risk management (CTRM) solution with fully integrated accounting and treasury functionality to manage its physical trading operations and risk requirements for Mechem‘s global aluminum and copper businesses. 

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. 
 

Sponsored Content

SENNEBOGEN 340G telehandler improves the view in Macon County, NC

An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).

“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. 

Get curated news on YOUR industry.

Enter your email to receive our newsletters.

Latest from Recycling Today

More from Recycling Today

Schwan Cosmetics introduces packaging free of styrene, ABS

Aimplas coordinates EU project focused on solar panel circularity

Fresh Perspective: Brandon Sacca

New Hampshire the Beautiful Inc. awards recycling equipment grants

Cards acquires National Waste of Tulsa, Oklahoma

Defra updates Digital Waste Tracking policy

Subscribe to our Newsletters

Enter your email for an upgraded inbox!