Commodities industry first: new Intelligent Contract Platform launched by Chinsay

A fully digitalised contract creation & management platform 8 May 2019, Singapore: For almost two decades Chinsay has led the way in digital contract solutions and today it is announcing a major step forward for the commodities industry. Its cloud-native Intelligent Contract Platform (ICP), architected to make the best use of AI as it evolves, revolutionises the use of the latest technology, creating a totally new way to negotiate, capture and manage the full complexities of commodity contract creation and management. Working with major clients and commodities market professionals, Chinsay has developed the next-generation platform, bringing digitalisation (the process of structuring data and extracting business intelligence) to the market and moving commodities firms towards paperless trade and blockchain-based initiatives. Colin Hayward, Chinsay CEO, says: “Much of the commodities market is still relying on manual contract creation and expensive legacy systems. This is not sustainable in today’s low-margin, highly-competitive climate. ICP creates an undisputed ‘Golden Copy’ of the contract in the form of a digitalised contract data set. This results in immediate cost savings, increased efficiencies, improved security, along with broader risk identification, management and control. Our clients are able to identify real-time market, counterparty and organisational trends enabling behavioural analysis… continue reading

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Source: CTRM Center

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