Anglo, American

Anglo American to Enhance Their Trade Digitization and Risk Management Activities for Their Global Freight Operations by Appointing Chinsay for Collaborative Contract Management Services

19.12.2017 - 07:40:34

Anglo American to Enhance Their Trade Digitization and Risk Management Activities for Their Global Freight Operations by Appointing Chinsay for Collaborative Contract Management Services. Anglo American plc “Anglo American, a globally diversified mining business has signed a deal with Chinsay to implement Chinsay’s Recap Manager (RM) a single cloud-based SaaS system for end-to-end contract management for Ocean Freight operations.”

“Digitalizing our freight workflow is a strategic focus for Anglo American. Chinsay’s independent platform will allow us to make faster decisions with better information and manage risk more effectively around Charter Parties,” said Peter Lye, Global Head of Shipping at Anglo American. Peter continued, “Technology is a core focus for Anglo American and we chose to partner with Chinsay based on their leading technology and long track record in secure digital contract management for the maritime freight industry.”

“We are honored to partner with Anglo American and look forward to supporting their technology and innovation efforts,” said Dag Sunden-Cullberg, Founder and Chief Executive Officer of Chinsay. He continued, “Mining and commodity companies, like Anglo American, that take advantage of secured cloud, mobile, collaborative and risk and analytics technologies, such as those offered by Chinsay, will drive seamless work flow and improved productivity internally and with external counter-parties.”

“Due to continued market penetration for Chinsay and a generally improved freight market, we expect to see a higher volume of digital contracts through our platform compared to 2016 and are committed to helping Anglo American and the mining industry stay ahead of the acceleration of trade digitization” stated Colin Hayward, Managing Director of Chinsay’s Singapore office. He continued, “An increasing number of our clients expect their counterparties to be “digital first” when it comes to charter parties, contracts and operational matters related to their business and we expect this trend to continue.

Chinsay’s platforms for freight and commodities enable global businesses to collaboratively create, review and manage their trade contracts. Chinsay’s digital workflow unlocks efficiencies, mitigates the risk of contractual errors while ensuring that internal and external compliance is automatically enforced. By using digital contracts on Chinsay, contractual data is easily visualised and analysed which enables faster and better decision making.

About Chinsay

Chinsay is the leading cloud platform for the end-to-end administration of contracts in the multi-trillion dollar global commodities and freight markets. With offices in Sweden and Singapore, Chinsay provides Software-as-a-Service contract and risk management solutions that enable its customers to enforce compliance, save time and provide insight to their trading process. Chinsay is fully independent and has a +10-year track record of supporting multinational corporations, brokers, and commodity traders in over 40 countries.

For more information, visit https://www.chinsay.com

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