Quor adds AI to its commodity trading & risk management solution

Rick Steves

Quor customers’ will be able to accelerate their adoption while rapidly expanding into new automation opportunities within the platform.

Quor has enhanced its commodity trading & risk management solution by providing access to ClearDox’s AI-driven solutions for digitizing and automating critical data-intensive processes.

ClearDox is a provider of intelligent applications for commodity intensive organizations. The ClearDox intelligent applications leverage the latest AI technologies to digitize and automate critical business tasks and assets.

They are embedded with operational AI-models for eliminating commodity trade lifecycle gaps such as rekeying and matching inventory movement receipts or the manual reconciliation of complex unstructured trades across counterparties and brokers. The ClearDox applications are highly adaptable and integrate seamlessly into the core workflows within Quor.

Quor offers advanced Commodity Trading and Risk Management (CTRM) solutions. With the addition of ClearDox’s solution, Quor clients can take advantage of more streamlined operations by eliminating manual and duplicate data entry of key data while automating resource intensive reconciliations.

The partnership is aimed at helping organizations close the ‘automation gaps’ across the trading lifecycle.

“Most commodity organizations are still struggling”

Rick Nelson, CEO, ClearDox LLC, said: “Whether it is addressing data locked in paper documents or dealing with the unsure nature of the quality and timeliness of the data used in making decisions, eliminating manual, disconnected processes is critical. While commodity organizations are increasing their technology spend to drive efficiencies and improve resiliency against an ever-expanding risk profile, most are still struggling.”

Steve Hughes, CEO at Quor Group, commented: “We are thrilled to partner with ClearDox to deliver greater value to our customers. The synergy between our platforms offers a compelling value proposition, empowering traders with unparalleled efficiency and insight throughout the commodity trading lifecycle. We are excited to leverage this partnership to drive innovation and create tangible value to our esteemed customers.”

Quor customers’ will be able to accelerate their adoption while rapidly expanding into new automation opportunities within the platform.

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