Private sector lender YES Bank has chosen to deploy a commodity management software to
streamline its gold and silver bullion wholesale and retail distribution operations. The bank has
licensed Commodity XL for Precious Metals software from Triple Point Technology, a US-based
firm specializing in commodity management software technology.
Specifically, the bank needed to seamlessly manage all aspects of its precious metals supply
chain while supporting extensive regulatory compliance requirements. It chose Commodity XL for
Precious Metals since the solution offers integrated management for supplier trading, inventory
and consignment control, sales administration, and retail bank operations while delivering
unparalleled compliance functionality.
YES Bank hopes that the solution will help it meet domestic and international regulatory
requirements by providing a real-time, enterprise-wide view of exposure and automatically
generating compliance documentation.
Commodity XL for Precious Metals is one of the leading solutions for the treasury bullion
business, with more than 60 percent of all gold imported to India transacted through it. Other
Triple Point bullion customers in India include Diamond India, HDFC Bank, ICICI Bank, Karur
Vysya Bank, Kotak Mahindra Bank, State Bank of India, Su-Raj Diamonds, and the Indian Bullion
Market Association (IBMA).
Private sector lender YES Bank has chosen to deploy a commodity management software tostreamline its gold and silver bullion wholesale and retail distribution operations. The bank haslicensed Commodity XL for Precious Metals software from Triple Point Technology, a US-basedfirm specializing in commodity management software technology.Specifically, the bank needed to seamlessly manage all aspects of its precious metals supplychain while supporting extensive regulatory compliance requirements. It chose Commodity XL forPrecious Metals since the solution offers integrated management for supplier trading, inventoryand consignment control, sales administration, and retail bank operations while deliveringunparalleled compliance functionality.
YES Bank hopes that the solution will help it meet domestic and international regulatoryrequirements by providing a real-time, enterprise-wide view of exposure and automaticallygenerating compliance documentation.Commodity XL for Precious Metals is one of the leading solutions for the treasury bullionbusiness, with more than 60 percent of all gold imported to India transacted through it. OtherTriple Point bullion customers in India include Diamond India, HDFC Bank, ICICI Bank, KarurVysya Bank, Kotak Mahindra Bank, State Bank of India, Su-Raj Diamonds, and the Indian BullionMarket Association (IBMA).
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