Wednesday 18 November 2020
Digitalisation Front and Centre
The rate at which companies operating in global commodity markets are transitioning to digitalisation continues to grow rapidly.
The catalysts driving the trend include tighter trade margins, increasing focus on trade compliance issues driven by some high profile cases of non-compliance and the disruption to travel brought about by Covid-19.
At GLX we’re seeing these changes occur in real time, with major energy companies accelerating their digital journey using our software.
The CEO of Woodside, Mr Peter Coleman, quoted in WA Business News, said the Company had recently selected GLX Digital to design and develop a digital deal capture and trade management system.
“The move is part of Woodside’s digitalisation strategy and comes at a time when data analytics and speed of access to information is becoming vitally important in increasing the transparency and efficiency of LNG trading markets.
“The choice of GLX was based on its proven track record in delivering complex digital systems for commodity markets, and underlines Woodside’s commitment to supporting homegrown technology solutions,” he said.
Benefits of choosing digital
If you would like to know more on how GLX Digital can assist in your digital journey, please contact us on firstname.lastname@example.org