Industry 

Volatility in the power, gas and oil markets offers opportunity and risk. Companies wishing to succeed must have sophisticated systems in place that not only transact and capture data in real time, but that also provide critical business intelligence and analysis information to make optimal decisions around trade execution.

Agricultural markets have seen an increase volatility brought about by several factors including poor harvests, sustained demand, global health concerns, increased use of agricultural products for fuel, increased activity on commodity markets and soaring oil prices causing fuel and fertilizer costs to rise.

Volatility in the metals markets has become the norm. Metals value chain participants such as miners, refiners, smelters, producers, recyclers, processors, fabricators, and traders have seen prices fluctuate to previously unseen levels.
Large changes in metals prices reduce accuracy of forecasts, impede proper risk management, and negatively impact margins.

Procurement decisions need to take into account budgeted spending, actual spending, projected spending and coverage. Issues happen when the data procurement professionals need for this analysis reside across different silos within the organisation. Collecting data from multiple places, re-entering the data in spreadsheets and analyzing it takes too much time and is prone to errors leading to loss of opportunity.