London Based Metals Trader Successfully Implements Fusion CTRM
London, UK – 1st of April 2019 HAKARA Resources Ltd. has successfully completed the implementation of the Fendahl Fusion CTRM solution in just 6 weeks.
HAKARA Resources, an international steel trading boutique based in London, has become the latest Metals trader to implement Fendahl’s Fusion CTRM software. HAKARA trades a wide variety of long and flat steel products including rods, bars, tubes, pipes, sheets, coils. In addition to steel semi-finished, HAKARA facilitates other steel related raw materials such as scrap, graphite electrodes, iron ore, and Ferro-Alloys.
Prior to implementing Fusion CTRM, HAKARA was using spreadsheets to manage their trading operations. However, Hakara’s continued growth and expansion led them to the conclusion that they had to move away from manual business processes and streamline the operation of the business.
After researching the CTRM market HAKARA decided to run a competitive CTRM system selection process and reviewed the available metals CTRM solutions. After the evaluation process was completed HAKARA selected the Fendahl’s Fusion CTRM Software. HAKARA chose Fusion CTRM software, as it was the only modern system that provided them with the flexibility and superior metals functionality, they required to successfully grow the business and scale into the future.
Hakara successfully completed their implementation of Fusion CTRM in just 6 weeks. The Fendahl professional services team worked in partnership with Hakara to deliver the project on schedule and within budget.
“Fusion has provided HAKARA with a flexible CTRM system that enables us to continue grow profitably by efficiently managing our post trade transactions and accurately monitoring our KPIs. An important part of the system selection process was finding a system that not only allows us to capture the full life cycle of transactions but also to provide a real time management information. Fusion provides HAKARA with a solution that understands our needs in a rapidly changing business environment”. Karim Bousfiha, Managing Director, HAKARA Resources
Fusion is utilized by trading businesses both large and small, from under 10 users to over 100. Fusion’s modular, easily customizable and flexible design provides a next generation E/CTRM solution for trading companies of all sizes from an “out of the box” implementation to a complex integration with heavy customization and integration requirements.
Fendahl Technology is a rapidly growing global next generation CTRM software provider with a dedicated team of over 125 staff. Fendahl offices are located in the London, UK; Houston, USA; Dubai, UAE, Singapore and Nagpur, India.
If you would like to learn more about the benefits of a next generation CTRM solutions then click here to learn more about Fendahl Fusion CTRM.