Amphora continues to enjoy strong interest and has signed another two oil traders in the last month for a total of three new customers this year according to David Glasspool. The most recent wins were in Dubai and the implementation projects have already started from Amphora’s Dubai office. David expects at least one more new signing in the coming weeks with a reasonable possibility of signing others as well. He also points to a strong pipeline but cautions that current conditions could have an impact going forward. He told me, “The current volatility with record prices has encouraged clients to move away from excel onto ETRM platforms with a full audit trail. On the flip-side due to the uncertainty created by the Russia-Ukraine war, some projects can be put on hold or budgets may be reduced.” Meanwhile, this year will see Amphora’s concentrates solution, Alchemy, implemented at the first customer and then a marketing push around the product. David says other conversations have taken place but more in the context of metals where additional functionality will be required. He hopes that other concentrates opportunities will come forward in the coming months as that is what he sees the software product… continue reading
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