27th June 2016, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that Mechem S.A., headquartered in Lausanne, Switzerland, has selected Brady Cloud CTRM solution with fully integrated accounting and treasury functionality to manage the entirety of its physical trading operations and risk requirements for its global aluminium and copper businesses.
Mechem is a privately owned Swiss company founded in 1993 with headquarters in Lausanne and a subsidiary office in Istanbul, Turkey. The company specialises in the international marketing of primary aluminium ingots, extrusion billets and semi-finished products, and is set to expand its activities in copper as well.
Brady was selected as the partner of choice for its comprehensive functional coverage, along with the speed of deployment and the in-depth domain knowledge of the Brady team in both the physical metal and LME trading environments. The Brady 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.
Gavin Lavelle, CEO of Brady plc, commented: “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 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 companiesworld-wide”.
Sabri Karabagli, CEO of Mechem said: “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. 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.” Continuing he said: “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 futurerequirements”.
Editorial contact for Brady
Rebecca Sanders Hewett/Charlie Geller/David Ison
Tel: +44 (0) 20 566 6720
Notes to Editors:
About Brady plc:
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 300 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers. For further information visit: www.bradyplc.com
About Mechem SA:
Established in 1993, Mechem SA, is a privately-owned Swiss company, globally active in the marketing of aluminium, with a core focus on primary aluminium ingots, extrusion billets and semi-finished products.
In today’s globally competitive marketplace, Mechem SA has developed an outstanding reputation for service and reliability. Its vast network of suppliers, strong support services, and extensive customer base provides a framework that benefits its entire customer base.
For further information visit: www.mechem.com